Avenir Corp bought a new position in 8point3 Energy Partners LP (NASDAQ:CAFD) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 80,360 shares of the energy company’s stock, valued at approximately $1,090,000. Avenir Corp owned 0.29% of 8point3 Energy Partners as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CAFD. Benjamin F. Edwards & Company Inc. increased its stake in shares of 8point3 Energy Partners by 3.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,176 shares of the energy company’s stock worth $111,000 after buying an additional 269 shares during the period. Bessemer Group Inc. bought a new stake in shares of 8point3 Energy Partners during the fourth quarter worth approximately $140,000. Wealthsource Partners LLC increased its stake in shares of 8point3 Energy Partners by 8.6% in the first quarter. Wealthsource Partners LLC now owns 12,650 shares of the energy company’s stock worth $172,000 after buying an additional 1,000 shares during the period. Analytic Investors LLC acquired a new stake in 8point3 Energy Partners during the third quarter worth about $206,000. Finally, Russell Investments Group Ltd. acquired a new stake in 8point3 Energy Partners during the fourth quarter worth about $287,000. Institutional investors own 55.42% of the company’s stock.

Institutional Ownership by Quarter for 8point3 Energy Partners (NASDAQ:CAFD)

Shares of 8point3 Energy Partners LP (CAFD) traded up 0.95% during midday trading on Tuesday, hitting $13.83. The stock had a trading volume of 164,111 shares. 8point3 Energy Partners LP has a 1-year low of $11.51 and a 1-year high of $17.34. The company’s 50 day moving average price is $13.30 and its 200-day moving average price is $13.15. The firm has a market capitalization of $388.29 million, a PE ratio of 17.01 and a beta of 0.85.

8point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings data on Wednesday, April 5th. The energy company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.21. The company had revenue of $9.90 million for the quarter, compared to analyst estimates of $9.64 million. 8point3 Energy Partners had a net margin of 35.42% and a return on equity of 2.82%. Equities analysts predict that 8point3 Energy Partners LP will post $0.87 earnings per share for the current year.

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A number of research firms have recently issued reports on CAFD. Guggenheim lowered 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Wednesday, June 14th. Zacks Investment Research lowered 8point3 Energy Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 13th. Vetr lowered 8point3 Energy Partners from a “hold” rating to a “sell” rating and set a $13.33 target price for the company. in a report on Thursday, June 8th. ValuEngine lowered 8point3 Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, FBR & Co lowered 8point3 Energy Partners from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $15.00 to $13.00 in a report on Tuesday, April 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.49.

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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