8point3 Energy Partners LP (CAFD) Stock Price Up 2.3%
8point3 Energy Partners LP (NASDAQ:CAFD) shares rose 2.3% on Monday . The stock traded as high as $16.10 and last traded at $16.10, with a volume of 170,060 shares changing hands. The stock had previously closed at $15.74.
CAFD has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of 8point3 Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, June 7th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of 8point3 Energy Partners in a report on Thursday, June 30th. Mizuho reduced their price target on shares of 8point3 Energy Partners from $21.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, May 31st. Robert W. Baird reiterated an “outperform” rating and issued a $20.00 price target on shares of 8point3 Energy Partners in a report on Thursday, April 7th. Finally, Roth Capital reiterated a “buy” rating and issued a $18.00 price target on shares of 8point3 Energy Partners in a report on Thursday, April 7th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.43.
The firm has a market capitalization of $327.63 million and a price-to-earnings ratio of 16.03. The company has a 50-day moving average of $15.19 and a 200 day moving average of $15.16.
8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.51. The business earned $13.50 million during the quarter, compared to the consensus estimate of $11.60 million. On average, equities analysts forecast that 8point3 Energy Partners LP will post $0.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Tuesday, July 5th were issued a $0.2325 dividend. This is an increase from 8point3 Energy Partners’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, June 30th. This represents a $0.93 dividend on an annualized basis and a yield of 5.68%.
In other 8point3 Energy Partners news, insider Charles D. Boynton acquired 1,714 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was acquired at an average price of $14.61 per share, for a total transaction of $25,041.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
8point3 Energy Partners LP (8point3 Partners) is a limited partnership formed by First Solar and SunPower to own, operate and acquire solar energy generation projects. The Company’s portfolio includes utility projects, and commercial and industrial (C&I) projects. Its utility projects include MarylandSolar project, a 100% owned project located in Maryland; Solar Gen 2 project, a 49% owned project located in California; Lost Hills / Blackwell project, a 49% owned project located in California; North Star project, a 49% owned project located in California; RPU project, a 100% owned project located in California, and Quinto project, a 100% owned project located in California.
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