News articles about 8point3 Energy Partners (NASDAQ:CAFD) have trended positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. 8point3 Energy Partners earned a news impact score of 0.29 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Tale of the Ticker: 8Point3 Energy Partners LP (CAFD) Moves on Volume – Evergreen Caller (evergreencaller.com)
- 2 Hot Stocks To Watch: SunCoke Energy, Inc. (SXC), 8point3 Energy Partners LP (CAFD) – StockNewsMagazine (stocknewsmagazine.com)
- 8point3 Energy Partners LP – Cl (NASDAQ:CAFD) Experiences Heavy Trading Volume (highlightpress.com)
- 8point3 Energy Partners LP – Cl (NASDAQ:CAFD) Sees Significantly Higher Trading Volume (highlightpress.com)
- ETFs with exposure to 8point3 Energy Partners LP : July 4, 2017 (finance.yahoo.com)
Several equities analysts have recently commented on the stock. Vetr lowered shares of 8point3 Energy Partners from a “hold” rating to a “sell” rating and set a $14.49 price target for the company. in a research report on Monday, July 3rd. Roth Capital set a $15.00 price target on shares of 8point3 Energy Partners and gave the stock a “hold” rating in a research report on Saturday, July 1st. FBR & Co restated a “hold” rating on shares of 8point3 Energy Partners in a research report on Saturday, July 1st. Barclays PLC lowered shares of 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $15.01 to $14.00 in a research report on Tuesday, June 27th. Finally, Bank of America Corporation lowered shares of 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. 8point3 Energy Partners currently has a consensus rating of “Hold” and an average target price of $15.36.
Shares of 8point3 Energy Partners (NASDAQ:CAFD) opened at 14.62 on Monday. 8point3 Energy Partners has a 12-month low of $11.51 and a 12-month high of $17.34.
8point3 Energy Partners (NASDAQ:CAFD) last announced its earnings results on Thursday, June 29th. The energy company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.03. 8point3 Energy Partners had a net margin of 23.87% and a return on equity of 1.94%. The business had revenue of $16.68 million during the quarter, compared to analyst estimates of $15.52 million. On average, equities research analysts forecast that 8point3 Energy Partners will post $0.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, July 6th will be paid a $0.2642 dividend. The ex-dividend date is Monday, July 3rd. This is a positive change from 8point3 Energy Partners’s previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.23%.
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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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