Somewhat Positive Press Coverage Somewhat Unlikely to Impact 8point3 Energy Partners (CAFD) Share Price
Media coverage about 8point3 Energy Partners (NASDAQ:CAFD) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 8point3 Energy Partners earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 45.5019658097721 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
8point3 Energy Partners (CAFD) opened at $14.19 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26. 8point3 Energy Partners has a fifty-two week low of $11.51 and a fifty-two week high of $15.79.
8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.38). The firm had revenue of $27.74 million during the quarter, compared to the consensus estimate of $25.85 million. 8point3 Energy Partners had a return on equity of 1.87% and a net margin of 23.13%. research analysts anticipate that 8point3 Energy Partners will post 0.53 EPS for the current year.
CAFD has been the subject of several recent analyst reports. Zacks Investment Research raised 8point3 Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Bank of America initiated coverage on 8point3 Energy Partners in a research note on Tuesday, October 24th. They set an “underperform” rating and a $12.00 target price for the company. Robert W. Baird reaffirmed a “buy” rating and set a $16.00 target price on shares of 8point3 Energy Partners in a research note on Friday, October 20th. Roth Capital set a $15.00 target price on 8point3 Energy Partners and gave the stock a “hold” rating in a research note on Saturday, November 25th. Finally, Goldman Sachs Group cut 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Tuesday, October 17th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.09.
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About 8point3 Energy Partners
8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt (MW) of solar energy projects. The Company is developing projects under utility, commercial and industrial (C&I) and residential categories.
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