8point3 Energy Partners LP (NASDAQ:CAFD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Thursday.

Several other research firms have also commented on CAFD. BidaskClub raised 8point3 Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. TheStreet raised 8point3 Energy Partners from a “d” rating to a “b-” rating in a research report on Wednesday, August 9th. Vetr raised 8point3 Energy Partners from a “sell” rating to a “hold” rating and set a $14.49 price target on the stock in a research report on Tuesday, June 27th. FBR & Co reissued a “hold” rating on shares of 8point3 Energy Partners in a research report on Wednesday. Finally, Barclays PLC lowered 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $15.01 to $14.00 in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.

8point3 Energy Partners (CAFD) traded up 2.05% during mid-day trading on Thursday, hitting $15.06. 362,625 shares of the company were exchanged. 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 released its quarterly earnings data on Wednesday, October 4th. The energy company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.38). The firm had revenue of $27.74 million during the quarter, compared to analyst estimates of $25.85 million. 8point3 Energy Partners had a net margin of 23.87% and a return on equity of 1.94%. On average, equities analysts forecast that 8point3 Energy Partners will post $0.86 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/05/8point3-energy-partners-cafd-hold-rating-reaffirmed-at-oppenheimer-holdings-inc.html.

A number of hedge funds have recently bought and sold shares of the business. Quentec Asset Management LLC increased its holdings in 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. increased its holdings in 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. increased its holdings in 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 increased its holdings in 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 increased its holdings in 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. Institutional investors own 19.66% of the company’s stock.

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)

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.