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8point3 Energy Partners LP (NASDAQ:CAFD) target price lowered to $14.00, released a report earlier today by UBS Securities

In a statement issued on 9/21/2016 UBS Securities bumped down the target of 8point3 Energy Partners LP (NASDAQ:CAFD) from $15.00 to $14.00 indicating a possible downside of -0.08%.

Showing a price of $15.19, 8point3 Energy Partners LP (NASDAQ:CAFD) traded -1.75% lower on the day. The last closing price is down -1.00% from the two hundred day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $15.78 and a 200-day moving average of $15.33. 241,148 shares of the stock were exchanged, up from an average volume of 178,644

Performance Chart

8point3 Energy Partners LP (NASDAQ:CAFD)

8point3 Energy Partners LP has a PE ratio of 14.87 with a one year low of $10.26 and a one year high of $17.34 CAFD’s total market value is presently $0.

Also covering 8point3 Energy Partners LP's target, a total of 12 equity analysts have released a research note on CAFD. The consensus target price is $17.67 with four brokerages rating the stock a strong buy, 5 analysts rating the company a buy, 2 firms rating the company a hold, two brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.

Brief Synopsis On 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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