8point3 Energy Partners (NASDAQ:CAFD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other research firms also recently commented on CAFD. TheStreet upgraded 8point3 Energy Partners from a “d” rating to a “b-” rating in a report on Wednesday, August 9th. FBR & Co reissued a “neutral” rating and issued a $15.00 target price (up from $14.00) on shares of 8point3 Energy Partners in a research note on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and issued a $16.00 target price on shares of 8point3 Energy Partners in a research note on Friday, October 20th. Roth Capital set a $15.00 target price on 8point3 Energy Partners and gave the stock a “hold” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research cut 8point3 Energy Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.09.

8point3 Energy Partners (NASDAQ:CAFD) opened at $14.28 on Wednesday. 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 has a twelve month low of $11.51 and a twelve month high of $15.79.

8point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings data on Wednesday, October 4th. The energy company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.38). The company had revenue of $27.74 million during the quarter, compared to analysts’ expectations of $25.85 million. 8point3 Energy Partners had a return on equity of 1.87% and a net margin of 23.13%. sell-side analysts anticipate that 8point3 Energy Partners will post 0.53 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Shelton Capital Management boosted its position in 8point3 Energy Partners by 4.1% during the 3rd quarter. Shelton Capital Management now owns 101,000 shares of the energy company’s stock valued at $1,518,000 after acquiring an additional 4,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in 8point3 Energy Partners by 90.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock valued at $351,000 after acquiring an additional 11,112 shares in the last quarter. Quentec Asset Management LLC boosted its position in 8point3 Energy Partners by 15.1% during the 3rd quarter. Quentec Asset Management LLC now owns 2,263,160 shares of the energy company’s stock valued at $34,015,000 after acquiring an additional 297,702 shares in the last quarter. AE Wealth Management LLC bought a new stake in 8point3 Energy Partners during the 3rd quarter valued at approximately $156,000. Finally, Trillium Asset Management LLC boosted its position in 8point3 Energy Partners by 1.1% during the 3rd quarter. Trillium Asset Management LLC now owns 365,273 shares of the energy company’s stock valued at $5,490,000 after acquiring an additional 3,882 shares in the last quarter. 18.50% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/06/8point3-energy-partners-cafd-cut-to-sell-at-bidaskclub.html.

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.