8Point3 Energy Partners (CAFD) Rating Increased to Hold at BidaskClub

8Point3 Energy Partners (NASDAQ:CAFD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, December 19th.

Other analysts have also issued reports about the stock. B. Riley restated a “neutral” rating on shares of 8Point3 Energy Partners in a report on Wednesday, November 1st. FBR & Co restated a “neutral” rating and issued a $15.00 price objective (up from $14.00) on shares of 8Point3 Energy Partners in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. TheStreet lowered shares of 8Point3 Energy Partners from a “b-” rating to a “c” rating in a report on Thursday, November 30th. Finally, Goldman Sachs Group lowered shares of 8Point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Tuesday, October 17th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.09.

8Point3 Energy Partners (NASDAQ CAFD) traded down $0.09 during midday trading on Tuesday, hitting $15.28. The company had a trading volume of 119,058 shares, compared to its average volume of 166,450. 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 has a 12 month low of $11.51 and a 12 month high of $15.92. The company has a market capitalization of $1,210.00 and a PE ratio of 35.53.

A number of large investors have recently bought and sold shares of CAFD. Beach Investment Management LLC. grew its position in 8Point3 Energy Partners by 1,123.7% in 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 period. Quentec Asset Management LLC grew its position in 8Point3 Energy Partners by 15.1% in 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 period. Boston Common Asset Management LLC grew 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 valued at $5,602,000 after acquiring an additional 98,595 shares during the period. Raymond James Financial Services Advisors Inc. grew 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 valued at $2,357,000 after acquiring an additional 78,922 shares during the period. Finally, Wealthsource Partners LLC grew its position in shares of 8Point3 Energy Partners by 217.2% during the 2nd quarter. Wealthsource Partners LLC now owns 40,125 shares of the energy company’s stock valued at $607,000 after acquiring an additional 27,475 shares during the period. 18.05% of the stock is owned by institutional investors and hedge funds.

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About 8Point3 Energy Partners

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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