Shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) have earned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and thirteen have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.45.
CAFD has been the subject of several recent research reports. Zacks Investment Research lowered shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Oppenheimer reaffirmed a “hold” rating on shares of 8Point3 Energy Partners in a report on Monday, February 5th. BidaskClub raised shares of 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. TheStreet downgraded shares of 8Point3 Energy Partners from a “c” rating to a “d+” rating in a report on Tuesday, January 16th. Finally, Roth Capital set a $15.00 price target on shares of 8Point3 Energy Partners and gave the company a “hold” rating in a report on Saturday, November 25th.
A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of 8Point3 Energy Partners in the fourth quarter worth $103,000. AE Wealth Management LLC purchased a new position in shares of 8Point3 Energy Partners in the third quarter worth $156,000. Quantitative Systematic Strategies LLC purchased a new position in shares of 8Point3 Energy Partners in the fourth quarter worth $195,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of 8Point3 Energy Partners in the fourth quarter worth $205,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of 8Point3 Energy Partners in the second quarter worth $250,000. 17.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of 8Point3 Energy Partners (NASDAQ CAFD) remained flat at $$12.17 during midday trading on Tuesday. 294,700 shares of the company were exchanged, compared to its average volume of 397,671. 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 twelve month low of $11.51 and a twelve month high of $15.92.
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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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