8Point3 Energy Partners (NASDAQ:CAFD) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also commented on CAFD. FBR & Co reiterated a “neutral” rating and issued a $15.00 price objective (up from $14.00) on shares of 8Point3 Energy Partners in a research report on Wednesday, October 4th. Bank of America set a $16.00 price objective on shares of 8Point3 Energy Partners and gave the stock a “hold” rating in a research report on Thursday, October 5th. Oppenheimer reiterated a “hold” rating on shares of 8Point3 Energy Partners in a research report on Thursday, October 5th. Roth Capital set a $15.00 price objective on shares of 8Point3 Energy Partners and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Finally, Goldman Sachs Group lowered shares of 8Point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Tuesday, October 17th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.09.

Shares of 8Point3 Energy Partners (NASDAQ CAFD) opened at $15.23 on Tuesday. 8Point3 Energy Partners has a 1 year low of $11.51 and a 1 year high of $15.92. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

Large investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC purchased a new position in 8Point3 Energy Partners in the 3rd quarter valued at about $156,000. Bayesian Capital Management LP purchased a new position in 8Point3 Energy Partners in the 2nd quarter valued at about $165,000. Goldman Sachs Group Inc. purchased a new position in 8Point3 Energy Partners in the 2nd quarter valued at about $250,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in 8Point3 Energy Partners by 90.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock valued at $351,000 after purchasing an additional 11,112 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in 8Point3 Energy Partners by 16.6% in the 2nd quarter. First Trust Advisors LP now owns 29,161 shares of the energy company’s stock valued at $441,000 after purchasing an additional 4,141 shares in the last quarter. Institutional investors own 18.05% 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.

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

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