8Point3 Energy Partners (CAFD) Scheduled to Post Quarterly Earnings on Tuesday

8Point3 Energy Partners (NASDAQ:CAFD) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 3rd. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

CAFD stock opened at $11.76 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.72 and a quick ratio of 4.72. 8Point3 Energy Partners has a twelve month low of $11.51 and a twelve month high of $15.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, April 3rd will be issued a dividend of $0.2802 per share. The ex-dividend date is Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 9.53%.

Several research analysts have weighed in on CAFD shares. BidaskClub upgraded 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Guggenheim reiterated a “hold” rating and set a $12.00 target price on shares of 8Point3 Energy Partners in a report on Tuesday, February 6th. Robert W. Baird reduced their target price on 8Point3 Energy Partners from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Finally, Oppenheimer reiterated a “hold” rating on shares of 8Point3 Energy Partners in a report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.45.

An institutional investor recently raised its position in 8Point3 Energy Partners stock. Vanguard Group Inc. grew its position in 8Point3 Energy Partners LP (NASDAQ:CAFD) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,041 shares of the energy company’s stock after purchasing an additional 5,664 shares during the period. Vanguard Group Inc. owned approximately 0.44% of 8Point3 Energy Partners worth $1,862,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 17.53% of the company’s stock.

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8Point3 Energy Partners Company Profile

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.

Earnings History for 8Point3 Energy Partners (NASDAQ:CAFD)

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