8point3 Energy Partners LP (CAFD) to Release Earnings on Monday
8point3 Energy Partners LP (NASDAQ:CAFD) will be posting its quarterly earnings results after the market closes on Monday, September 18th. Analysts expect 8point3 Energy Partners to post earnings of $0.58 per share for the quarter.
8point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings results on Thursday, June 29th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.03. The firm had revenue of $16.68 million during the quarter, compared to analysts’ expectations of $15.52 million. 8point3 Energy Partners had a return on equity of 1.94% and a net margin of 23.87%. On average, analysts expect 8point3 Energy Partners to post $0.85 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.
8point3 Energy Partners LP (CAFD) opened at 14.66 on Monday. The stock has a market capitalization of $411.67 million, a P/E ratio of 57.27 and a beta of 0.83. 8point3 Energy Partners LP has a 1-year low of $11.51 and a 1-year high of $15.85. The stock has a 50 day moving average price of $14.43 and a 200-day moving average price of $13.61.
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Several equities analysts recently issued reports on CAFD shares. Vetr raised 8point3 Energy Partners from a “hold” rating to a “buy” rating and set a $13.81 target price on the stock in a research report on Tuesday, May 16th. ValuEngine downgraded 8point3 Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised 8point3 Energy Partners from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, June 6th. Guggenheim downgraded 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Wednesday, June 14th. Finally, Barclays PLC downgraded 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $15.01 to $14.00 in a research report on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.20.
A hedge fund recently raised its stake in 8point3 Energy Partners stock. Vanguard Group Inc. lifted its position in shares of 8point3 Energy Partners LP (NASDAQ:CAFD) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,041 shares of the energy company’s stock after acquiring an additional 5,664 shares during the quarter. Vanguard Group Inc. owned 0.44% of 8point3 Energy Partners worth $1,862,000 as of its most recent SEC filing. 56.33% of the stock is currently owned by hedge funds and other institutional investors.
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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