Goldman Sachs Group Inc. acquired a new position in 8point3 Energy Partners LP (NASDAQ:CAFD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,536 shares of the energy company’s stock, valued at approximately $250,000.

Other institutional investors have also modified their holdings of the company. Parametric Portfolio Associates LLC bought a new stake in shares of 8point3 Energy Partners in the first quarter worth $441,000. Cornerstone Advisors Inc. grew its stake in shares of 8point3 Energy Partners by 49.3% in the second quarter. Cornerstone Advisors Inc. now owns 10,065 shares of the energy company’s stock worth $152,000 after purchasing an additional 3,325 shares during the last quarter. Quentec Asset Management LLC grew its stake in shares of 8point3 Energy Partners by 12.6% in the second quarter. Quentec Asset Management LLC now owns 1,965,458 shares of the energy company’s stock worth $29,737,000 after purchasing an additional 220,700 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of 8point3 Energy Partners by 67.2% in the second quarter. Global X Management Co. LLC now owns 18,095 shares of the energy company’s stock worth $274,000 after purchasing an additional 7,273 shares during the last quarter. Finally, Trillium Asset Management LLC grew its stake in shares of 8point3 Energy Partners by 2.4% in the second quarter. Trillium Asset Management LLC now owns 361,391 shares of the energy company’s stock worth $5,468,000 after purchasing an additional 8,444 shares during the last quarter. 18.83% of the stock is currently owned by institutional investors.

Shares of 8point3 Energy Partners LP (CAFD) opened at $14.94 on Friday. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.83. 8point3 Energy Partners LP has a 1 year low of $11.51 and a 1 year high of $15.79.

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

Several analysts recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and issued a $16.00 price objective on shares of 8point3 Energy Partners in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of 8point3 Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. B. Riley reissued a “neutral” rating on shares of 8point3 Energy Partners in a research note on Wednesday, November 1st. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of 8point3 Energy Partners in a research note on Thursday, October 5th. Finally, Bank of America Corporation assumed coverage on shares of 8point3 Energy Partners in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $12.00 price objective on the stock. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.92.

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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.

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Institutional Ownership by Quarter for 8point3 Energy Partners (NASDAQ:CAFD)

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