8point3 Energy Partners LP (NASDAQ:CAFD) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 975,308 shares, a decline of 29.5% from the July 14th total of 1,384,295 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 200,410 shares, the short-interest ratio is presently 4.9 days.

8point3 Energy Partners (CAFD) opened at 14.10 on Monday. 8point3 Energy Partners has a 12-month low of $11.51 and a 12-month high of $16.21.

8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings data on Thursday, June 29th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. 8point3 Energy Partners had a net margin of 23.87% and a return on equity of 1.94%. The firm had revenue of $16.68 million during the quarter, compared to analyst estimates of $15.52 million. On average, analysts forecast that 8point3 Energy Partners will post $0.85 EPS for the current year.

CAFD has been the subject of a number of research reports. TheStreet upgraded shares of 8point3 Energy Partners from a “d” rating to a “b-” rating in a report on Wednesday, August 9th. Vetr cut shares of 8point3 Energy Partners from a “strong-buy” rating to a “buy” rating and set a $13.81 price objective for the company. in a report on Monday, May 1st. BidaskClub cut shares of 8point3 Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC cut shares of 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $15.01 to $14.00 in a report on Tuesday, June 27th. Finally, ValuEngine cut shares of 8point3 Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. 8point3 Energy Partners presently has an average rating of “Hold” and a consensus price target of $15.20.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 8point3 Energy Partners by 4.8% in the second quarter. Vanguard Group Inc. now owns 123,041 shares of the energy company’s stock valued at $1,862,000 after buying an additional 5,664 shares during the period. Ameriprise Financial Inc. increased its stake in shares of 8point3 Energy Partners by 1.8% in the second quarter. Ameriprise Financial Inc. now owns 732,630 shares of the energy company’s stock valued at $11,085,000 after buying an additional 13,000 shares during the period. GRT Capital Partners L.L.C. increased its stake in shares of 8point3 Energy Partners by 2.4% in the second quarter. GRT Capital Partners L.L.C. now owns 149,318 shares of the energy company’s stock valued at $2,259,000 after buying an additional 3,500 shares during the period. Victory Capital Management Inc. increased its stake in shares of 8point3 Energy Partners by 8.1% in the second quarter. Victory Capital Management Inc. now owns 49,091 shares of the energy company’s stock valued at $743,000 after buying an additional 3,668 shares during the period. Finally, Trillium Asset Management LLC increased its stake in shares of 8point3 Energy Partners by 2.4% in the second quarter. Trillium Asset Management LLC now owns 361,391 shares of the energy company’s stock valued at $5,468,000 after buying an additional 8,444 shares during the period. 55.31% of the stock is owned by institutional investors.

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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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