Somewhat Positive Press Coverage Somewhat Unlikely to Impact 8point3 Energy Partners (NASDAQ:CAFD) Stock Price
News headlines about 8point3 Energy Partners (NASDAQ:CAFD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. 8point3 Energy Partners earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 46.0844491365765 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s analysis:
- 8Point3 Energy Partners LP (CAFD) Cut to “Hold” at BidaskClub (americanbankingnews.com)
- 8point3 Energy Partners LP (CAFD) Expected to Announce Quarterly Sales of $25.85 Million (americanbankingnews.com)
- 8point3 Energy Partners LP (NASDAQ:CAFD) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Stock Watch: Checking the Numbers on Shares of 8Point3 Energy Partners LP (CAFD) – Hayden Business Journal (haydenbusinessjournal.com)
- SunPower Corporation Eyes Yieldco Sale and New Products in 2017 (finance.yahoo.com)
Shares of 8point3 Energy Partners (NASDAQ:CAFD) traded down 1.91% during mid-day trading on Tuesday, reaching $14.41. 305,662 shares of the company’s stock traded hands. 8point3 Energy Partners has a 12-month low of $11.51 and a 12-month high of $16.89. The company has a market cap of $404.65 million, a P/E ratio of 56.29 and a beta of 0.83. The company’s 50 day moving average is $14.57 and its 200 day moving average is $13.51.
8point3 Energy Partners (NASDAQ:CAFD) last posted its quarterly earnings results on Thursday, June 29th. The energy company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business had revenue of $16.68 million during the quarter, compared to analysts’ expectations of $15.52 million. 8point3 Energy Partners had a return on equity of 1.94% and a net margin of 23.87%. On average, analysts predict that 8point3 Energy Partners will post $0.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, July 6th were paid a $0.2642 dividend. This is an increase from 8point3 Energy Partners’s previous quarterly dividend of $0.26. This represents a $1.06 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend was Monday, July 3rd.
A number of research analysts recently weighed in on CAFD shares. Vetr upgraded shares of 8point3 Energy Partners from a “buy” rating to a “strong-buy” rating and set a $14.53 target price on the stock in a research note on Monday, April 10th. FBR & Co cut shares of 8point3 Energy Partners from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $15.00 to $13.00 in a research note on Tuesday, April 11th. ValuEngine cut shares of 8point3 Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of 8point3 Energy Partners from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, June 6th. Finally, Guggenheim cut shares of 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Wednesday, June 14th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. 8point3 Energy Partners currently has a consensus rating of “Hold” and an average target price of $15.20.
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8point3 Energy Partners Company Profile
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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