8Point3 Energy Partners (NASDAQ:CAFD)‘s stock had its “hold” rating restated by research analysts at Guggenheim in a report issued on Tuesday. They currently have a $12.00 price target on the energy company’s stock. Guggenheim’s price objective suggests a potential downside of 1.80% from the stock’s current price.
Other research analysts have also issued research reports about the company. B. Riley reissued a “neutral” rating on shares of 8Point3 Energy Partners in a research report on Wednesday, November 1st. Roth Capital set a $12.00 target price on 8Point3 Energy Partners and gave the stock a “hold” rating in a research report on Tuesday. Raymond James Financial reissued a “market perform” rating on shares of 8Point3 Energy Partners in a research report on Tuesday. Robert W. Baird decreased their target price on 8Point3 Energy Partners from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Zacks Investment Research lowered 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Four research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. 8Point3 Energy Partners has an average rating of “Hold” and an average target price of $13.50.
Shares of 8Point3 Energy Partners (CAFD) traded down $1.61 during trading hours on Tuesday, hitting $12.22. The stock had a trading volume of 2,077,217 shares, compared to its average volume of 237,045. 8Point3 Energy Partners has a 12-month low of $11.51 and a 12-month high of $15.92. The company has a market cap of $962.46 and a price-to-earnings ratio of 28.42. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26.
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.
Receive News & Ratings for 8Point3 Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8Point3 Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.