8point3 Energy Partners LP (NASDAQ:CAFD) – Research analysts at FBR & Co decreased their Q2 2018 earnings estimates for 8point3 Energy Partners in a research note issued on Friday. FBR & Co analyst C. Driscoll now forecasts that the energy company will earn $0.12 per share for the quarter, down from their previous forecast of $0.14. FBR & Co currently has a “Neutral” rating and a $15.00 target price on the stock.

CAFD has been the subject of a number of other reports. Zacks Investment Research raised 8point3 Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. BidaskClub cut 8point3 Energy Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Credit Suisse Group lowered their target price on 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. Vetr raised 8point3 Energy Partners from a “sell” rating to a “hold” rating and set a $14.49 target price for the company in a research note on Tuesday, June 27th. Finally, Robert W. Baird reissued a “buy” rating and set a $16.00 target price on shares of 8point3 Energy Partners in a research note on Tuesday, September 12th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. 8point3 Energy Partners has a consensus rating of “Hold” and an average price target of $14.09.

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8point3 Energy Partners (NASDAQ CAFD) opened at 14.86 on Monday. 8point3 Energy Partners has a 12 month low of $11.51 and a 12 month high of $15.69.

8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings data on Wednesday, October 4th. The energy company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.38). 8point3 Energy Partners had a net margin of 23.13% and a return on equity of 1.87%. The company had revenue of $27.74 million for the quarter, compared to analysts’ expectations of $25.85 million.

Institutional investors and hedge funds have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its stake 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 acquiring an additional 1,200 shares in the last quarter. Global X Management Co. LLC grew its stake 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 acquiring an additional 761 shares in the last quarter. Cornerstone Advisors Inc. grew its stake 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 acquiring an additional 3,325 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of 8point3 Energy Partners during the 2nd quarter worth approximately $165,000. Finally, Credit Suisse AG grew its stake in shares of 8point3 Energy Partners by 19.3% during the 1st quarter. Credit Suisse AG now owns 13,391 shares of the energy company’s stock worth $182,000 after acquiring an additional 2,168 shares in the last quarter. 19.66% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.2721 per share. This is a boost from 8point3 Energy Partners’s previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a dividend yield of 7.32%. The ex-dividend date is Monday, October 2nd.

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.

Earnings History and Estimates for 8point3 Energy Partners (NASDAQ:CAFD)

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