Shares of 8point3 Energy Partners LP (NASDAQ:CAFD) have been assigned an average rating of “Hold” from the twenty research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.85.

Several analysts have recently weighed in on CAFD shares. Vetr upgraded shares of 8point3 Energy Partners from a “buy” rating to a “strong-buy” rating and set a $14.53 price objective for the company in a research report on Monday, April 10th. FBR & Co downgraded shares of 8point3 Energy Partners from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $15.00 to $13.00 in a research report on Tuesday, April 11th. ValuEngine downgraded shares of 8point3 Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of 8point3 Energy Partners from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Tuesday, June 6th. Finally, Guggenheim downgraded shares of 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Wednesday, June 14th.

Shares of 8point3 Energy Partners (NASDAQ CAFD) opened at 14.69 on Monday. The firm has a market capitalization of $412.51 million, a price-to-earnings ratio of 57.38 and a beta of 0.83. 8point3 Energy Partners has a 1-year low of $11.51 and a 1-year high of $17.06.

8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings data on Thursday, June 29th. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.03. The company had revenue of $16.68 million for the quarter, compared to analysts’ expectations of $15.52 million. 8point3 Energy Partners had a return on equity of 1.94% and a net margin of 23.87%. Equities research analysts predict that 8point3 Energy Partners will post $0.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, July 6th were paid a dividend of $0.2642 per share. The ex-dividend date was Monday, July 3rd. This is a boost from 8point3 Energy Partners’s previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.19%.

Institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in 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. Global X Management Co. LLC boosted its position in 8point3 Energy Partners by 7.6% in the first quarter. Global X Management Co. LLC now owns 10,822 shares of the energy company’s stock worth $147,000 after buying an additional 761 shares during the period. Cornerstone Advisors Inc. boosted its position in 8point3 Energy Partners by 49.3% in the second quarter. Cornerstone Advisors Inc. now owns 10,065 shares of the energy company’s stock worth $152,000 after buying an additional 3,325 shares during the period. Wealthsource Partners LLC boosted its position in 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. Finally, Credit Suisse AG boosted its position in 8point3 Energy Partners by 19.3% in the first quarter. Credit Suisse AG now owns 13,391 shares of the energy company’s stock worth $182,000 after buying an additional 2,168 shares during the period. 55.31% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for 8point3 Energy Partners (NASDAQ:CAFD)

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