8point3 Energy Partners (NASDAQ:CAFD) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a research note issued on Thursday.

CAFD has been the subject of a number of other research reports. Robert W. Baird restated a “buy” rating and set a $16.00 price objective on shares of 8point3 Energy Partners in a report on Tuesday, September 12th. Zacks Investment Research cut 8point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. B. Riley restated a “neutral” rating on shares of 8point3 Energy Partners in a report on Wednesday, November 1st. Oppenheimer restated a “hold” rating on shares of 8point3 Energy Partners in a report on Thursday, October 5th. Finally, Bank of America began coverage on shares of 8point3 Energy Partners in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $12.00 price target for the company. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.09.

Shares of 8point3 Energy Partners (NASDAQ:CAFD) opened at $14.95 on Thursday. 8point3 Energy Partners has a 1-year low of $11.51 and a 1-year high of $15.79. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings data on Wednesday, October 4th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $27.74 million for the quarter, compared to the consensus estimate of $25.85 million. sell-side analysts anticipate that 8point3 Energy Partners will post 0.53 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shelton Capital Management raised its position in 8point3 Energy Partners by 4.1% during the third quarter. Shelton Capital Management now owns 101,000 shares of the energy company’s stock valued at $1,518,000 after purchasing an additional 4,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in 8point3 Energy Partners by 90.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock valued at $351,000 after purchasing an additional 11,112 shares in the last quarter. Quentec Asset Management LLC grew its stake in shares of 8point3 Energy Partners by 15.1% during the third quarter. Quentec Asset Management LLC now owns 2,263,160 shares of the energy company’s stock worth $34,015,000 after buying an additional 297,702 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of 8point3 Energy Partners during the third quarter worth $156,000. Finally, Trillium Asset Management LLC grew its stake in shares of 8point3 Energy Partners by 1.1% during the third quarter. Trillium Asset Management LLC now owns 365,273 shares of the energy company’s stock worth $5,490,000 after buying an additional 3,882 shares during the last quarter. Institutional investors and hedge funds own 18.50% of the company’s stock.

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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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