Press coverage about 8Point3 Energy Partners (NASDAQ:CAFD) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 8Point3 Energy Partners earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 44.7141655918483 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut 8Point3 Energy Partners from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 9th. BidaskClub upgraded 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. B. Riley reiterated a “neutral” rating on shares of 8Point3 Energy Partners in a research note on Wednesday, November 1st. Robert W. Baird cut 8Point3 Energy Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Monday, January 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of 8Point3 Energy Partners in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.09.
Shares of 8Point3 Energy Partners (NASDAQ CAFD) opened at $14.72 on Wednesday. 8Point3 Energy Partners has a 12 month low of $11.51 and a 12 month high of $15.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a $0.2802 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend was Friday, December 29th. This is a boost from 8Point3 Energy Partners’s previous quarterly dividend of $0.27.
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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.
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