8point3 Energy Partners LP (NASDAQ:CAFD) received a $15.00 price target from stock analysts at Roth Capital in a research report issued on Saturday. The brokerage presently has a “hold” rating on the energy company’s stock. Roth Capital’s price target would suggest a potential downside of 2.28% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on CAFD. B. Riley reiterated a “neutral” rating on shares of 8point3 Energy Partners in a research report on Wednesday, November 1st. BidaskClub upgraded shares of 8point3 Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group Inc downgraded shares of 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Tuesday, October 17th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of 8point3 Energy Partners in a research report on Thursday, October 5th. Finally, TheStreet upgraded shares of 8point3 Energy Partners from a “d” rating to a “b-” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.92.

Shares of 8point3 Energy Partners (NASDAQ CAFD) opened at $15.35 on Friday. 8point3 Energy Partners has a twelve month low of $11.51 and a twelve month high of $15.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26.

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

Several institutional investors have recently modified their holdings of CAFD. Beach Investment Management LLC. raised its position in shares of 8point3 Energy Partners by 1,123.7% during the 2nd quarter. Beach Investment Management LLC. now owns 1,169,875 shares of the energy company’s stock worth $17,700,000 after purchasing an additional 1,074,277 shares during the last quarter. Quentec Asset Management LLC raised its position in shares of 8point3 Energy Partners by 15.1% during the 3rd quarter. Quentec Asset Management LLC now owns 2,263,160 shares of the energy company’s stock worth $34,015,000 after purchasing an additional 297,702 shares during the last quarter. Boston Common Asset Management LLC raised its position in shares of 8point3 Energy Partners by 36.3% during the 2nd quarter. Boston Common Asset Management LLC now owns 370,289 shares of the energy company’s stock worth $5,602,000 after purchasing an additional 98,595 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of 8point3 Energy Partners by 102.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 155,754 shares of the energy company’s stock worth $2,357,000 after purchasing an additional 78,922 shares during the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of 8point3 Energy Partners during the 1st quarter worth approximately $441,000. Hedge funds and other institutional investors own 18.06% 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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