8Point3 Energy Partners (CAFD) Set to Announce Quarterly Earnings on Wednesday

8Point3 Energy Partners (NASDAQ:CAFD) will be issuing its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Shares of 8Point3 Energy Partners (CAFD) opened at $15.15 on Wednesday. 8Point3 Energy Partners has a twelve month low of $11.51 and a twelve month high of $15.92. The company has a market cap of $1,200.00 and a P/E ratio of 35.23. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.2802 per share. This is a boost from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date was Friday, December 29th. 8Point3 Energy Partners’s dividend payout ratio is currently 260.47%.

CAFD has been the subject of a number of research reports. Zacks Investment Research cut shares of 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Bank of America initiated coverage on shares of 8Point3 Energy Partners in a report on Tuesday, October 24th. They set an “underperform” rating and a $12.00 target price for the company. BidaskClub raised shares of 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Robert W. Baird reaffirmed a “buy” rating and set a $16.00 target price on shares of 8Point3 Energy Partners in a report on Friday, October 20th. Finally, Roth Capital set a $15.00 target price on shares of 8Point3 Energy Partners and gave the company a “hold” rating in a report on Saturday, November 25th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.09.

An institutional investor recently raised its position in 8Point3 Energy Partners stock. Vanguard Group Inc. grew its position in 8Point3 Energy Partners LP (NASDAQ:CAFD) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,041 shares of the energy company’s stock after purchasing an additional 5,664 shares during the quarter. Vanguard Group Inc. owned approximately 0.44% of 8Point3 Energy Partners worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 18.05% of the company’s stock.

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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.

Earnings History for 8Point3 Energy Partners (NASDAQ:CAFD)

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