Headlines about 8Point3 Energy Partners (NASDAQ:CAFD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. 8Point3 Energy Partners earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.3922374184198 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts have weighed in on the company. JPMorgan Chase lowered 8Point3 Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 9th. BidaskClub raised 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. TheStreet lowered 8Point3 Energy Partners from a “c” rating to a “d+” rating in a report on Tuesday, January 16th. Robert W. Baird lowered 8Point3 Energy Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Monday, January 22nd. Finally, Zacks Investment Research lowered 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Five equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.27.
Shares of CAFD traded down $0.02 during trading hours on Friday, reaching $11.99. 113,990 shares of the company’s stock traded hands, compared to its average volume of 222,210. 8Point3 Energy Partners has a twelve month low of $11.69 and a twelve month high of $15.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.20 and a quick ratio of 5.20.
8Point3 Energy Partners (NASDAQ:CAFD) last announced its earnings results on Wednesday, March 28th. The energy company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.27. 8Point3 Energy Partners had a return on equity of 1.96% and a net margin of 28.84%. The business had revenue of $10.87 million during the quarter, compared to analysts’ expectations of $11.17 million. research analysts anticipate that 8Point3 Energy Partners will post 0.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, April 3rd will be paid a dividend of $0.2802 per share. The ex-dividend date is Monday, April 2nd. This represents a $1.12 annualized dividend and a yield of 9.35%.
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About 8Point3 Energy Partners
8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. It owns interests in 10 utility-scale solar energy projects; and 4 commercial and industrial solar energy projects, as well as a portfolio of residential DG solar assets.
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