Shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) have earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.29.

Several brokerages recently weighed in on CAFD. ValuEngine cut shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. BidaskClub raised shares of 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st.

Shares of 8Point3 Energy Partners stock remained flat at $$12.42 during trading on Tuesday. 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 has a fifty-two week low of $11.69 and a fifty-two week high of $15.92.

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in 8Point3 Energy Partners by 64.1% in the first quarter. SG Americas Securities LLC now owns 11,105 shares of the energy company’s stock valued at $135,000 after buying an additional 4,336 shares during the period. BlackRock Inc. lifted its holdings in 8Point3 Energy Partners by 58.9% in the fourth quarter. BlackRock Inc. now owns 29,170 shares of the energy company’s stock valued at $444,000 after buying an additional 10,807 shares during the period. Northern Trust Corp acquired a new position in 8Point3 Energy Partners in the first quarter valued at $132,000. Geode Capital Management LLC lifted its holdings in 8Point3 Energy Partners by 83.6% in the fourth quarter. Geode Capital Management LLC now owns 24,303 shares of the energy company’s stock valued at $369,000 after buying an additional 11,066 shares during the period. Finally, Summit Securities Group LLC acquired a new position in 8Point3 Energy Partners in the first quarter valued at $136,000. Institutional investors and hedge funds own 12.70% of the company’s stock.

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

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