8point3 Energy Partners (CAFD) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for 8point3 Energy Partners (NASDAQ: CAFD):

  • 11/1/2017 – 8point3 Energy Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “8point3 Energy Partners LP owns, operates and acquires solar energy generation projects primarily in the United States. It serves residential, commercial and industrial customers. 8point3 Energy Partners LP is based in San Jose. “
  • 11/1/2017 – 8point3 Energy Partners had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 10/26/2017 – 8point3 Energy Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “8point3 Energy Partners LP owns, operates and acquires solar energy generation projects primarily in the United States. It serves residential, commercial and industrial customers. 8point3 Energy Partners LP is based in San Jose. “
  • 10/24/2017 – 8point3 Energy Partners is now covered by analysts at Bank of America Corporation. They set an “underperform” rating and a $12.00 price target on the stock.
  • 10/20/2017 – 8point3 Energy Partners had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $16.00 price target on the stock.
  • 10/17/2017 – 8point3 Energy Partners was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $16.00 price target on the stock.
  • 10/17/2017 – 8point3 Energy Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “8point3 Energy Partners LP owns, operates and acquires solar energy generation projects primarily in the United States. It serves residential, commercial and industrial customers. 8point3 Energy Partners LP is based in San Jose. “
  • 10/5/2017 – 8point3 Energy Partners was given a new $16.00 price target on by analysts at Bank of America Corporation. They now have a “hold” rating on the stock.
  • 10/5/2017 – 8point3 Energy Partners had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 10/4/2017 – 8point3 Energy Partners was given a new $15.00 price target on by analysts at Roth Capital. They now have a “hold” rating on the stock.
  • 10/4/2017 – 8point3 Energy Partners had its “neutral” rating reaffirmed by analysts at FBR & Co. They now have a $15.00 price target on the stock, up previously from $14.00.

Shares of 8point3 Energy Partners LP (NASDAQ CAFD) traded up $0.06 during trading hours on Tuesday, hitting $15.23. The stock had a trading volume of 96,800 shares, compared to its average volume of 244,061. 8point3 Energy Partners LP has a 12 month low of $11.51 and a 12 month high of $15.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.26 and a current ratio of 3.26.

8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.38). The business had revenue of $27.74 million during the quarter, compared to analyst estimates of $25.85 million. 8point3 Energy Partners had a net margin of 23.13% and a return on equity of 1.87%. sell-side analysts predict that 8point3 Energy Partners LP will post 0.53 earnings per share for the current year.

8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt (MW) of solar energy projects. The Company is developing projects under utility, commercial and industrial (C&I) and residential categories.

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