Mint Tower Capital Management B.V. bought a new position in shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the energy company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC lifted its stake in shares of 8Point3 Energy Partners by 15.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,178,312 shares of the energy company’s stock worth $17,922,000 after buying an additional 159,518 shares during the last quarter. Lansdowne Partners UK LLP lifted its stake in shares of 8Point3 Energy Partners by 65.1% during the 4th quarter. Lansdowne Partners UK LLP now owns 685,838 shares of the energy company’s stock worth $10,432,000 after buying an additional 270,426 shares during the last quarter. Ecofin Ltd. lifted its stake in shares of 8Point3 Energy Partners by 8.0% during the 4th quarter. Ecofin Ltd. now owns 477,828 shares of the energy company’s stock worth $7,268,000 after buying an additional 35,373 shares during the last quarter. Boston Common Asset Management LLC lifted its stake in shares of 8Point3 Energy Partners by 4.9% during the 4th quarter. Boston Common Asset Management LLC now owns 392,277 shares of the energy company’s stock worth $5,967,000 after buying an additional 18,153 shares during the last quarter. Finally, Cushing Asset Management LP lifted its stake in shares of 8Point3 Energy Partners by 415.9% during the 4th quarter. Cushing Asset Management LP now owns 263,500 shares of the energy company’s stock worth $4,008,000 after buying an additional 212,422 shares during the last quarter. Institutional investors own 14.85% of the company’s stock.

Shares of 8Point3 Energy Partners opened at $12.10 on Friday, Marketbeat Ratings reports. 8Point3 Energy Partners LP has a twelve month low of $12.14 and a twelve month high of $12.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.20 and a current 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 for the quarter, topping the consensus estimate of $0.08 by $0.27. 8Point3 Energy Partners had a net margin of 28.84% and a return on equity of 1.96%. The business had revenue of $10.87 million during the quarter, compared to analysts’ expectations of $11.17 million. analysts predict that 8Point3 Energy Partners LP will post 0.58 EPS for the current year.

A number of analysts have recently issued reports on CAFD shares. Raymond James restated a “market perform” rating on shares of 8Point3 Energy Partners in a research note on Tuesday, February 6th. Zacks Investment Research cut shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Roth Capital restated a “hold” rating and set a $12.00 target price on shares of 8Point3 Energy Partners in a research note on Tuesday, February 6th. Robert W. Baird cut shares of 8Point3 Energy Partners from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Monday, January 22nd. Finally, Guggenheim restated a “hold” rating and set a $12.00 target price on shares of 8Point3 Energy Partners in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.27.

8Point3 Energy Partners Profile

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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Institutional Ownership by Quarter for 8Point3 Energy Partners (NASDAQ:CAFD)

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