8Point3 Energy Partners LP (CAFD) was Upgraded by Barclays to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $14 . Earlier the firm had a rating of “Underweight ” on the company shares. Barclays advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on 8Point3 Energy Partners LP. 8Point3 Energy Partners LP was Initiated by Wells Fargo to “Outperform” on Jun 2, 2016. Shares were Reiterated by Mizuho on May 31, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $21 .8Point3 Energy Partners LP was Initiated by Guggenheim to “Neutral” on Apr 13, 2016.
On the company’s financial health, 8Point3 Energy Partners LP reported $0.05 EPS for the quarter, based on the information available during the earnings call on Sep 30, 2015. Analyst had a consensus estimate of $. The company had revenue of $3.08 million for the quarter.The company’s revenue was up 33.9% compared to the same quarter last year.
8Point3 Energy Partners LP closed down -0.05 points or -0.32% at $15.81 with 60,647 shares getting traded on Friday. Post opening the session at $15.9, the shares hit an intraday low of $15.7001 and an intraday high of $15.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 20, 2016, Charles D Boynton (director officer ) purchased 1,714 shares at $14.61 per share price. According to the SEC, on Apr 12, 2016, Norman J Szydlowski (director) purchased 1,500 shares at $14.40 per share price. On Oct 8, 2015, Michael W Yackira (director) purchased 2,500 shares at $20.41 per share price, according to the Form-4 filing with the securities and exchange commission.
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. Its C&I projects include UC Davis project and Macy’s project which are 100% owned projects located in California. The Company’s residential portfolio consists of residential solar energy systems with an aggregate of 39 megawatts of capacity and an average solar energy system capacity of around 7.95 kilowatts.