Somewhat Positive Media Coverage Somewhat Unlikely to Impact 8Point3 Energy Partners (CAFD) Stock Price

Headlines about 8Point3 Energy Partners (NASDAQ:CAFD) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 8Point3 Energy Partners earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 47.6333585445806 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern’s scoring:

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Shares of NASDAQ CAFD opened at $12.01 on Friday. 8Point3 Energy Partners has a 1 year low of $11.51 and a 1 year high of $15.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.20 and a quick ratio of 5.20.

8Point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings data on Wednesday, March 28th. The energy company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.27. The business had revenue of $10.87 million during the quarter, compared to analyst estimates of $11.17 million. 8Point3 Energy Partners had a net margin of 28.84% and a return on equity of 1.96%. equities research analysts predict that 8Point3 Energy Partners will post 0.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, April 3rd will be issued a $0.2802 dividend. The ex-dividend date is Monday, April 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 9.33%.

A number of research analysts have recently commented on CAFD shares. Oppenheimer reissued a “hold” rating on shares of 8Point3 Energy Partners in a report on Monday, February 5th. Zacks Investment Research cut shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. TheStreet cut shares of 8Point3 Energy Partners from a “c” rating to a “d+” rating in a report on Tuesday, January 16th. BidaskClub raised shares of 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Finally, JPMorgan Chase cut shares of 8Point3 Energy Partners from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.27.

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About 8Point3 Energy Partners

8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. It owns interests in 10 utility-scale solar energy projects; and 4 commercial and industrial solar energy projects, as well as a portfolio of residential DG solar assets.

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