Weekly Analysts’ Ratings Changes for 8Point3 Energy Partners (CAFD)

Several analysts have recently updated their ratings and price targets for 8Point3 Energy Partners (NASDAQ: CAFD):

  • 1/22/2018 – 8Point3 Energy Partners was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $16.00 price target on the stock.
  • 1/16/2018 – 8Point3 Energy Partners was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 1/11/2018 – 8Point3 Energy Partners was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/9/2018 – 8Point3 Energy Partners was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.
  • 1/4/2018 – 8Point3 Energy Partners was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/19/2017 – 8Point3 Energy Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/6/2017 – 8Point3 Energy Partners was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/30/2017 – 8Point3 Energy Partners was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.

Shares of 8Point3 Energy Partners LP (NASDAQ CAFD) traded down $0.01 during trading on Monday, hitting $14.74. The stock had a trading volume of 121,731 shares, compared to its average volume of 171,154. 8Point3 Energy Partners LP has a fifty-two week low of $11.51 and a fifty-two week high of $15.92. The stock has a market capitalization of $1,170.00 and a P/E ratio of 34.28. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.83.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were given a $0.2802 dividend. This is an increase from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date was Friday, December 29th. 8Point3 Energy Partners’s payout ratio is currently 260.47%.

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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