Somewhat Favorable Press Coverage Somewhat Unlikely to Impact 8Point3 Energy Partners (CAFD) Share Price
News stories about 8Point3 Energy Partners (NASDAQ:CAFD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 8Point3 Energy Partners earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 45.785425096055 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- 8point3 Energy Partners LP (NASDAQ:CAFD): Dividend Is Coming In 3 Days, Should You Buy? (finance.yahoo.com)
- Stock Traders Buy Large Volume of 8Point3 Energy Partners Put Options (CAFD) (americanbankingnews.com)
- 8Point3 Energy Partners (CAFD) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- 8Point3 Energy Partners LP (CAFD) Raises Dividend to $0.28 Per Share (americanbankingnews.com)
- 8point3 Energy Partners (CAFD) Raises Quarterly Dividend 3% to $0.2802; 7.5% Yield (streetinsider.com)
8Point3 Energy Partners (NASDAQ CAFD) opened at $15.05 on Wednesday. 8Point3 Energy Partners has a 12-month low of $11.51 and a 12-month high of $15.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be given a $0.2802 dividend. The ex-dividend date is Friday, December 29th. This is a positive change from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 7.45%.
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. TheStreet lowered shares of 8Point3 Energy Partners from a “b-” rating to a “c” rating in a research report on Thursday, November 30th. Roth Capital set a $15.00 target price on shares of 8Point3 Energy Partners and gave the company a “hold” rating in a research report on Saturday, November 25th. B. Riley reiterated a “neutral” rating on shares of 8Point3 Energy Partners in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.09.
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.
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