8Point3 Energy Partners (CAFD) Rating Lowered to D+ at TheStreet

TheStreet cut shares of 8Point3 Energy Partners (NASDAQ:CAFD) from a c rating to a d+ rating in a research report report published on Tuesday.

CAFD has been the subject of a number of other research reports. Zacks Investment Research lowered 8Point3 Energy Partners from a hold rating to a sell rating in a research note on Wednesday, November 1st. Bank of America started coverage on 8Point3 Energy Partners in a research note on Tuesday, October 24th. They issued an underperform rating and a $12.00 target price for the company. BidaskClub raised 8Point3 Energy Partners from a hold rating to a buy rating in a research report on Thursday, January 4th. Robert W. Baird reaffirmed a buy rating and set a $16.00 price target on shares of 8Point3 Energy Partners in a research report on Friday, October 20th. Finally, Roth Capital set a $15.00 price target on 8Point3 Energy Partners and gave the stock a hold rating in a research report on Saturday, November 25th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. 8Point3 Energy Partners currently has a consensus rating of Hold and an average price target of $14.09.

8Point3 Energy Partners (NASDAQ:CAFD) opened at $15.02 on Tuesday. The stock has a market capitalization of $1,190.00 and a price-to-earnings ratio of 34.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26. 8Point3 Energy Partners has a 52 week low of $11.51 and a 52 week high of $15.92.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.2802 per share. The ex-dividend date was Friday, December 29th. This is a boost from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.46%. 8Point3 Energy Partners’s dividend payout ratio (DPR) is 260.47%.

Large investors have recently bought and sold shares of the company. AE Wealth Management LLC acquired a new stake in shares of 8Point3 Energy Partners during the 3rd quarter valued at about $156,000. Bayesian Capital Management LP acquired a new stake in shares of 8Point3 Energy Partners during the 2nd quarter valued at about $165,000. Goldman Sachs Group Inc. acquired a new stake in shares of 8Point3 Energy Partners during the 2nd quarter valued at about $250,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of 8Point3 Energy Partners by 90.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock valued at $351,000 after acquiring an additional 11,112 shares during the period. Finally, First Trust Advisors LP grew its position in shares of 8Point3 Energy Partners by 16.6% during the 2nd quarter. First Trust Advisors LP now owns 29,161 shares of the energy company’s stock valued at $441,000 after acquiring an additional 4,141 shares during the period. Hedge funds and other institutional investors own 18.05% 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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