Robert W. Baird restated their buy rating on shares of 8point3 Energy Partners LP (NASDAQ:CAFD) in a research report report published on Tuesday morning. They currently have a $16.00 price target on the energy company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Vetr upgraded shares of 8point3 Energy Partners from a hold rating to a buy rating and set a $13.81 price objective for the company in a research note on Tuesday, May 16th. Zacks Investment Research cut shares of 8point3 Energy Partners from a hold rating to a sell rating in a research note on Thursday, August 31st. Credit Suisse Group dropped their price objective on shares of 8point3 Energy Partners from $12.00 to $11.00 and set a sell rating for the company in a research note on Tuesday, July 4th. BidaskClub cut shares of 8point3 Energy Partners from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, Barclays PLC cut shares of 8point3 Energy Partners from an overweight rating to an equal weight rating and dropped their price objective for the company from $15.01 to $14.00 in a research note on Tuesday, June 27th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $14.93.

Shares of 8point3 Energy Partners (CAFD) traded up 0.62% during midday trading on Tuesday, hitting $14.54. 21,371 shares of the company were exchanged. 8point3 Energy Partners has a one year low of $12.04 and a one year high of $15.74. The stock’s 50-day moving average is $14.44 and its 200-day moving average is $13.67. The stock has a market cap of $408.30 million, a PE ratio of 56.80 and a beta of 0.83.

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

TRADEMARK VIOLATION NOTICE: This news story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/09/15/8point3-energy-partners-lp-cafd-earns-buy-rating-from-robert-w-baird.html.

Several institutional investors have recently made changes to their positions in CAFD. Benjamin F. Edwards & Company Inc. increased its position in shares of 8point3 Energy Partners by 14.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,376 shares of the energy company’s stock worth $142,000 after purchasing an additional 1,200 shares in the last quarter. Global X Management Co. LLC increased its position in shares of 8point3 Energy Partners by 7.6% during the 1st quarter. Global X Management Co. LLC now owns 10,822 shares of the energy company’s stock worth $147,000 after purchasing an additional 761 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of 8point3 Energy Partners by 49.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 10,065 shares of the energy company’s stock worth $152,000 after purchasing an additional 3,325 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of 8point3 Energy Partners during the 2nd quarter worth about $165,000. Finally, Wealthsource Partners LLC increased its position in shares of 8point3 Energy Partners by 8.6% during the 1st quarter. Wealthsource Partners LLC now owns 12,650 shares of the energy company’s stock worth $172,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 56.33% of the company’s stock.

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.

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

Receive News & Stock Ratings for 8point3 Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8point3 Energy Partners LP and related stocks with our FREE daily email newsletter.