8point3 Energy Partners LP (NASDAQ:CAFD)‘s stock had its “buy” rating restated by Deutsche Bank AG in a research report issued on Wednesday. They currently have a $18.00 price target on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 16.50% from the company’s previous close.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. raised 8point3 Energy Partners from a “neutral” rating to an “overweight” rating in a report on Monday, July 11th. Barclays PLC raised 8point3 Energy Partners from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $14.00 to $18.00 in a report on Monday, July 11th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of 8point3 Energy Partners in a report on Thursday, June 30th. Raymond James Financial Inc. reissued a “strong-buy” rating on shares of 8point3 Energy Partners in a report on Thursday, June 30th. Finally, Zacks Investment Research raised 8point3 Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.43.

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

Shares of 8point3 Energy Partners (NASDAQ:CAFD) traded down 1.55% during trading on Wednesday, hitting $15.21. The company had a trading volume of 233,991 shares. 8point3 Energy Partners has a 52 week low of $10.26 and a 52 week high of $17.34. The stock has a market capitalization of $304.41 million, a P/E ratio of 14.90 and a beta of 1.24. The firm’s 50 day moving average is $15.78 and its 200-day moving average is $15.33.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/8point3-energy-partners-lp-cafd-receives-buy-rating-from-deutsche-bank-ag.html

8point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings results on Tuesday, September 20th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. 8point3 Energy Partners had a return on equity of 1.67% and a net margin of 138.38%. The business earned $26.10 million during the quarter. Equities research analysts anticipate that 8point3 Energy Partners will post $0.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be paid a dividend of $0.2406 per share. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from 8point3 Energy Partners’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 6.23%.

A number of institutional investors have recently made changes to their positions in CAFD. Neumeier Poma Investment Counsel LLC increased its stake in shares of 8point3 Energy Partners by 1.4% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 92,750 shares of the company’s stock worth $1,363,000 after buying an additional 1,250 shares during the period. BlackRock Fund Advisors increased its stake in shares of 8point3 Energy Partners by 84.5% in the first quarter. BlackRock Fund Advisors now owns 6,937 shares of the company’s stock worth $102,000 after buying an additional 3,178 shares during the period. Baird Financial Group Inc. increased its stake in shares of 8point3 Energy Partners by 1.5% in the second quarter. Baird Financial Group Inc. now owns 226,399 shares of the company’s stock worth $3,568,000 after buying an additional 3,262 shares during the period. BlackRock Group LTD increased its stake in shares of 8point3 Energy Partners by 110.7% in the second quarter. BlackRock Group LTD now owns 6,368 shares of the company’s stock worth $101,000 after buying an additional 3,346 shares during the period. Finally, Raymond James & Associates increased its stake in shares of 8point3 Energy Partners by 45.4% in the second quarter. Raymond James & Associates now owns 25,272 shares of the company’s stock worth $399,000 after buying an additional 7,890 shares during the period. 68.78% of the stock is owned by institutional investors.

8point3 Energy Partners Company Profile

8point3 Energy Partners LP (8point3 Partners) is a limited partnership formed by First Solar and SunPower to own, operate and acquire solar energy generation projects. The Company’s portfolio includes utility projects, and commercial and industrial (C&I) projects. Its utility projects include MarylandSolar project, a 100% owned project located in Maryland; Solar Gen 2 project, a 49% owned project located in California; Lost Hills / Blackwell project, a 49% owned project located in California; North Star project, a 49% owned project located in California; RPU project, a 100% owned project located in California, and Quinto project, a 100% owned project located in California.

5 Day Chart for NASDAQ:CAFD

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.