Press coverage about 8Point3 Energy Partners (NASDAQ:CAFD) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. 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 0.16 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 46.5192011201537 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have recently commented on the company. B. Riley reissued a “neutral” rating on shares of 8Point3 Energy Partners in a report on Wednesday, November 1st. FBR & Co reissued a “neutral” rating and set a $15.00 price objective (up previously from $14.00) on shares of 8Point3 Energy Partners in a report on Wednesday, October 4th. Zacks Investment Research lowered 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. TheStreet lowered 8Point3 Energy Partners from a “b-” rating to a “c” rating in a report on Thursday, November 30th. Finally, BidaskClub raised 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. 8Point3 Energy Partners presently has an average rating of “Hold” and an average price target of $14.09.
Shares of 8Point3 Energy Partners (NASDAQ CAFD) opened at $15.44 on Friday. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.83. 8Point3 Energy Partners has a 52 week low of $11.51 and a 52 week high of $15.79.
8Point3 Energy Partners (NASDAQ:CAFD) last issued its earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.38). The firm had revenue of $27.74 million during the quarter, compared to analysts’ expectations of $25.85 million. 8Point3 Energy Partners had a return on equity of 1.87% and a net margin of 23.13%. equities analysts predict that 8Point3 Energy Partners will post 0.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be given a $0.2802 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 annualized dividend and a yield of 7.26%. This is an increase from 8Point3 Energy Partners’s previous quarterly dividend of $0.27.
8Point3 Energy Partners Company Profile
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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