Guggenheim Securities Initiates Coverage on 8Point3 Energy Partners LP(NASDAQ:CAFD). The shares have been rated Neutral. The rating by Guggenheim Securities was issued on Apr 13, 2016.
In a different note, On Mar 10, 2016, UBS said it Downgrades its rating on 8Point3 Energy Partners LP. The shares have been rated ‘Sell’ by the firm. On Jan 22, 2016, Barclays said it Downgrades its rating on 8Point3 Energy Partners LP. According to the research note, Barclays Lowers the price target to $14 per share from a prior target of $16. The shares have been rated ‘Underweight’ by the firm.
8Point3 Energy Partners LP (CAFD) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.89% at a volume of 57,097. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.59. The peak price level was also seen at $14.59 while the days lowest was $14.4. Finally the shares closed at $14.51. The 52-week high of the shares is $21.15 while the 52-week low is $10.26. According to the latest information available, the market cap of the company is $1,030 M.
8Point3 Energy Partners LP(CAFD) last announced its earnings results on Sep 30, 2015 for Fiscal Year 2015 and Q3.Earnings per share were $0.05. Analysts had estimated an EPS of $0.05.
Several Insider Transactions has been reported to the SEC. On Apr 12, 2016, Norman J Szydlowski (director) purchased 1,500 shares at $14.40 per share price.Also, On Oct 8, 2015, Michael W Yackira (director) purchased 2,500 shares at $20.41 per share price.On Oct 8, 2015, Ty P. Daul (director) purchased 7,500 shares at $12.52 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.