8point3 Energy Partners LP (NASDAQ:CAFD) saw an uptick in trading volume on Tuesday . 356,151 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 166,153 shares.The stock last traded at $16.15 and had previously closed at $16.03.

A number of research firms have commented on CAFD. JPMorgan Chase & Co. raised shares of 8point3 Energy Partners from a “neutral” rating to an “overweight” rating in a research note on Monday, July 11th. Barclays PLC raised shares of 8point3 Energy Partners from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $18.00 in a research note on Monday, July 11th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of 8point3 Energy Partners in a research note on Thursday, June 30th. Raymond James Financial Inc. reissued a “strong-buy” rating on shares of 8point3 Energy Partners in a research note on Thursday, June 30th. Finally, Zacks Investment Research raised 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 research note on Tuesday, June 7th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.43.

The stock has a market capitalization of $323.23 million and a P/E ratio of 15.82. The company’s 50 day moving average price is $16.24 and its 200-day moving average price is $15.31.

8point3 Energy Partners (NASDAQ:CAFD) last released its earnings results on Wednesday, June 29th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.51. The firm had revenue of $13.50 million for the quarter, compared to the consensus estimate of $11.60 million. Equities research analysts anticipate that 8point3 Energy Partners LP will post $0.85 earnings per share for the current fiscal year.

An institutional investor recently raised its position in 8point3 Energy Partners stock. Kayne Anderson Capital Advisors LP boosted its position in 8point3 Energy Partners LP (NASDAQ:CAFD) by 127.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 314,000 shares of the company’s stock after buying an additional 176,000 shares during the period. Kayne Anderson Capital Advisors LP owned 1.57% of 8point3 Energy Partners worth $5,063,000 at the end of the most recent quarter.

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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