8point3 Energy Partners LP (NASDAQ:CAFD)‘s stock had its “neutral” rating reaffirmed by research analysts at FBR & Co in a report issued on Wednesday, Marketbeat.com reports. They presently have a $15.00 price target on the energy company’s stock, up from their prior price target of $14.00. FBR & Co’s target price suggests a potential upside of 0.27% from the stock’s previous close.

CAFD has been the topic of a number of other research reports. Vetr downgraded 8point3 Energy Partners from a “hold” rating to a “sell” rating and set a $13.33 price target on the stock. in a report on Thursday, June 8th. Credit Suisse Group AG lowered their price target on 8point3 Energy Partners from $12.00 to $11.00 and set a “sell” rating on the stock in a report on Tuesday, July 4th. Robert W. Baird reiterated a “buy” rating and set a $16.00 price target on shares of 8point3 Energy Partners in a report on Tuesday, September 12th. Zacks Investment Research downgraded 8point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Finally, Guggenheim downgraded 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Wednesday, June 14th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.09.

Shares of 8point3 Energy Partners (NASDAQ CAFD) traded down 0.94% during mid-day trading on Wednesday, hitting $14.82. The stock had a trading volume of 46,137 shares. 8point3 Energy Partners has a 12-month low of $12.04 and a 12-month high of $15.69.

8point3 Energy Partners (NASDAQ:CAFD) last issued its earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.38). 8point3 Energy Partners had a return on equity of 1.87% and a net margin of 23.13%. The company had revenue of $27.74 million during the quarter, compared to analyst estimates of $25.85 million. On average, equities analysts forecast that 8point3 Energy Partners will post $0.61 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quentec Asset Management LLC lifted its position in shares of 8point3 Energy Partners by 12.6% during the 2nd quarter. Quentec Asset Management LLC now owns 1,965,458 shares of the energy company’s stock worth $29,737,000 after purchasing an additional 220,700 shares during the last quarter. Beach Investment Management LLC. lifted its position in shares of 8point3 Energy Partners by 1,123.7% during the 2nd quarter. Beach Investment Management LLC. now owns 1,169,875 shares of the energy company’s stock worth $17,700,000 after purchasing an additional 1,074,277 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of 8point3 Energy Partners by 1.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 732,630 shares of the energy company’s stock worth $11,085,000 after purchasing an additional 13,000 shares during the last quarter. Boston Common Asset Management LLC lifted its position in shares of 8point3 Energy Partners by 36.3% during the 2nd quarter. Boston Common Asset Management LLC now owns 370,289 shares of the energy company’s stock worth $5,602,000 after purchasing an additional 98,595 shares during the last quarter. Finally, Trillium Asset Management LLC lifted its position in shares of 8point3 Energy Partners by 2.4% during the 2nd quarter. Trillium Asset Management LLC now owns 361,391 shares of the energy company’s stock worth $5,468,000 after purchasing an additional 8,444 shares during the last quarter. 19.66% of the stock is owned by institutional investors and hedge funds.

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)

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