A report released today by Zacks Investment Research about 8Point3 Energy Partners LP (NASDAQ:CAFD) ups the target price to $18.00
- Updated: September 22, 2016
Zacks Investment Research upped the target price of 8Point3 Energy Partners LP (NASDAQ:CAFD) to $18.00 stating a potential upside of 0.18%.
On 9/21/2016, UBS Securities released a statement about 8Point3 Energy Partners LP (NASDAQ:CAFD) bumped down the target price from $15.00 to $14.00. At the time, this indicated a possible downside of -0.08%.
Just yesterday 8Point3 Energy Partners LP (NASDAQ:CAFD) traded -1.11% lower at $15.21. CAFD’s 50-day average is $15.74 and its 200-day moving average is $15.33. The last stock close price is down -0.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trade Volume was up over the average, with 394,396 shares of CAFD changing hands over the typical 182,233
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8Point3 Energy Partners LP has a 52 week low of $10.26 and a 52 week high of $17.34 with a P/E ratio of 14.90 The company’s market cap is currently $0.
Also covering 8Point3 Energy Partners LP's price target, a total of 12 equity analysts have released a ratings update on CAFD. The one year target is $17.67 with 4 firms rating the company a strong buy, five brokerages rating the stock a buy, 2 analysts rating the company a hold, two firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell.
Brief Synopsis 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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