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8point3 Energy Partners LP (NASDAQ:CAFD) price target raised to $18.00, reported today by BofA Merrill

Boasting a price of $14.44, 8point3 Energy Partners LP (NASDAQ:CAFD) traded 2.70% higher on the day. With the last close down -2.80% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. 8point3 Energy Partners LP has recorded a 50-day average of $14.90 and a two hundred day average of $15.26. Volume of trade was up over the average, with 321,766 shares of CAFD changing hands over the typical 253,945

8point3 Energy Partners LP (NASDAQ:CAFD) had its target price raised to $18.00 by BofA Merrill in a report released 10/18/2016. The new target price indicates a possible upside of 0.25% based on the company's previous stock price.

Performance Chart

8point3 Energy Partners LP (NASDAQ:CAFD)

With a total market value of $0, 8point3 Energy Partners LP has price-earnings ratio of 7.06 with a one year low of $11.60 and a one year high of $17.34 .

A total of 12 analysts have released a research note on CAFD. Four analysts rating the company a strong buy, five analysts rating the company a buy, two analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $17.67.

More About 8point3 Energy Partners LP (NASDAQ:CAFD)

8Point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of July 31, 2016, the Company owned a 28.2% limited liability company interest in 8point3 Operating Company, LLC (OpCo). As of July 31, 2016, the Company's portfolio consisted of interests in 530 megawatts (MW) of solar energy projects. As of July 31, 2016, the Company owned interests in eight utility-scale solar energy projects, all of which are operational. As of July 31, 2016, its assets represented 88% of the generating capacity of its portfolio. As of July 31, 2016, the Company owned interests in four commercial and industrial (C&I) solar energy projects, two of which were operational and two of which were in late-stage construction, and a portfolio of residential distributed solar generation (DG Solar) assets, which represent 12% of the generating capacity of the Company's portfolio. Its portfolio is located entirely in the United States and consists of utility-scale and C&I assets.

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