8Point3 Energy Partners (CAFD) Given Hold Rating at Oppenheimer

8Point3 Energy Partners (NASDAQ:CAFD)‘s stock had its “hold” rating restated by stock analysts at Oppenheimer in a research report issued on Monday.

A number of other analysts have also commented on the company. Roth Capital set a $12.00 price target on 8Point3 Energy Partners and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Robert W. Baird lowered 8Point3 Energy Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Monday, January 22nd. TheStreet downgraded 8Point3 Energy Partners from a “c” rating to a “d+” rating in a report on Tuesday, January 16th. Finally, BidaskClub downgraded 8Point3 Energy Partners from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. 8Point3 Energy Partners has an average rating of “Hold” and an average price target of $13.82.

Shares of 8Point3 Energy Partners (NASDAQ:CAFD) opened at $13.83 on Monday. 8Point3 Energy Partners has a 52 week low of $11.51 and a 52 week high of $15.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26.

A number of institutional investors and hedge funds have recently bought and sold shares of CAFD. Quentec Asset Management LLC raised its holdings in 8Point3 Energy Partners by 15.1% in the third quarter. Quentec Asset Management LLC now owns 2,263,160 shares of the energy company’s stock worth $34,015,000 after purchasing an additional 297,702 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of 8Point3 Energy Partners by 102.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 155,754 shares of the energy company’s stock valued at $2,357,000 after acquiring an additional 78,922 shares in the last quarter. Wealthsource Partners LLC increased its holdings in shares of 8Point3 Energy Partners by 217.2% during the second quarter. Wealthsource Partners LLC now owns 40,125 shares of the energy company’s stock valued at $607,000 after acquiring an additional 27,475 shares in the last quarter. WFG Advisors LP increased its holdings in shares of 8Point3 Energy Partners by 14.5% during the second quarter. WFG Advisors LP now owns 148,075 shares of the energy company’s stock valued at $2,240,000 after acquiring an additional 18,782 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of 8Point3 Energy Partners during the second quarter valued at $250,000. Institutional investors and hedge funds own 17.41% of the company’s stock.

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About 8Point3 Energy Partners

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.

Analyst Recommendations for 8Point3 Energy Partners (NASDAQ:CAFD)

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