8Point3 Energy Partners (NASDAQ:CAFD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, January 30th.
According to Zacks, “8point3 Energy Partners LP owns, operates and acquires solar energy generation projects primarily in the United States. It serves residential, commercial and industrial customers. 8point3 Energy Partners LP is based in San Jose. “
Other equities research analysts have also recently issued reports about 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 raised 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. B. Riley reaffirmed 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 target price on the stock. in a research note on Monday, January 22nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of 8Point3 Energy Partners in a research note on Thursday, October 5th. Four analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. 8Point3 Energy Partners has a consensus rating of “Hold” and a consensus price target of $13.45.
8Point3 Energy Partners (NASDAQ:CAFD) traded down $0.01 during trading hours on Tuesday, hitting $12.26. The company had a trading volume of 753,200 shares, compared to its average volume of 397,922. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.82. 8Point3 Energy Partners has a 12 month low of $11.51 and a 12 month high of $15.92.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in 8Point3 Energy Partners during the fourth quarter worth $103,000. AE Wealth Management LLC purchased a new stake in 8Point3 Energy Partners during the third quarter worth $156,000. Bayesian Capital Management LP purchased a new stake in 8Point3 Energy Partners during the second quarter worth $165,000. Quantitative Systematic Strategies LLC purchased a new stake in 8Point3 Energy Partners during the fourth quarter worth $195,000. Finally, Goldman Sachs Group Inc. purchased a new stake in 8Point3 Energy Partners during the second quarter worth $250,000. Institutional investors own 17.48% of the company’s stock.
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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.
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