8point3 Energy Partners (CAFD) Given Daily Media Sentiment Score of 0.04
Media headlines about 8point3 Energy Partners (NASDAQ:CAFD) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. 8point3 Energy Partners earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.5208584534743 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- 8point3 Energy Partners LP (CAFD) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- ETFs with exposure to 8point3 Energy Partners LP : November 8, 2017 (finance.yahoo.com)
- $14.47 Million in Sales Expected for 8point3 Energy Partners LP (CAFD) This Quarter (americanbankingnews.com)
- 8Point3 Energy’s Sustained Growth Warrants A Buy (seekingalpha.com)
Shares of 8point3 Energy Partners (CAFD) traded up $0.04 during mid-day trading on Monday, reaching $15.17. The company’s stock had a trading volume of 132,800 shares, compared to its average volume of 244,736. 8point3 Energy Partners has a one year low of $11.51 and a one year high of $15.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.26 and a current ratio of 3.26.
8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings results on Wednesday, October 4th. The energy company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.38). The company had revenue of $27.74 million for the quarter, compared to analyst estimates of $25.85 million. 8point3 Energy Partners had a net margin of 23.13% and a return on equity of 1.87%. sell-side analysts anticipate that 8point3 Energy Partners will post 0.53 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of 8point3 Energy Partners in a research note on Wednesday, November 1st. BidaskClub raised shares of 8point3 Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) lowered shares of 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Tuesday, October 17th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of 8point3 Energy Partners in a research report on Thursday, October 5th. Finally, TheStreet raised shares of 8point3 Energy Partners from a “d” rating to a “b-” rating in a research report on Wednesday, August 9th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.92.
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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.
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