Today 8Point3 Energy Partners LP Had High Bullish Options Activity

 Today 8Point3 Energy Partners LP Had High Bullish Options Activity

In today’s session 8Point3 Energy Partners LP (CAFD) registered an unusually high (1,002) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious CAFD increase. With 1,002 contracts traded and 3264 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: CAFD170317C00015000 closed last at: $1.4 or 6.7% down. 8Point3 Energy Partners LP (NASDAQ:CAFD) has risen 4.00% since April 1, 2016 and is uptrending. It has outperformed by 2.78% the S&P500.

8Point3 Energy Partners LP (NASDAQ:CAFD) Ratings Coverage

Out of 12 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 9 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 75% are positive. $20 is the highest target while $11 is the lowest. The $18.44 average target is 20.52% above today’s ($15.3) stock price. 8point3 Energy Partners LP has been the topic of 19 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, September 21, the company rating was maintained by UBS. The firm has “Neutral” rating by UBS given on Friday, October 2. The firm has “Outperform” rating given on Wednesday, October 14 by Oppenheimer. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Outperform” rating by Wells Fargo on Thursday, June 2. The firm earned “Overweight” rating on Monday, July 11 by JP Morgan. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Underweight” rating by Barclays Capital on Friday, January 22. Deutsche Bank maintained the stock with “Buy” rating in Monday, September 28 report. Bank of America initiated it with “Buy” rating and $18 target price in Tuesday, October 18 report. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Sell” rating by UBS on Thursday, March 10. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Equal Weight” rating by Barclays Capital on Tuesday, September 1.

According to Zacks Investment Research, “8point3 Energy Partners LP owns, operates and acquires solar energy generation projects primarily in the United States. It serves residential, commercial and industrial customers. 8point3 Energy Partners LP is based in San Jose.”

8Point3 Energy Partners LP owns, operates and acquires solar energy generation projects. The company has a market cap of $1.21 billion. As of July 31, 2016, the Company owned a 28.2% limited liability firm interest in 8point3 Operating Company, LLC . It has a 7.52 P/E ratio. As of July 31, 2016, the Company’s portfolio consisted of interests in 530 megawatts (MW) of solar energy projects.

CAFD Company Profile

8Point3 Energy Partners LP, incorporated on March 3, 2015, owns, operates and acquires solar energy generation projects. As of July 31, 2016, the Company owned a 28.2% limited liability firm 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. The Company’s portfolio is located entirely in the United States and consists of utility-scale and C&I assets.

More notable recent 8Point3 Energy Partners LP (NASDAQ:CAFD) news were published by: Reuters.com which released: “BRIEF-8point3 Energy Partners LP – 8-k” on October 03, 2016, also Prnewswire.com with their article: “8point3 Energy Partners Prices Offering of Class A Shares” published on September 23, 2016, Prnewswire.com published: “8point3 Energy Partners Declares 3.5 Percent Increase in Quarterly Distribution” on September 19, 2016. More interesting news about 8Point3 Energy Partners LP (NASDAQ:CAFD) were released by: Fool.com and their article: “Why 8Point3 Energy Partners Is the Polar Opposite of SunEdison’s Disasterous …” published on April 18, 2016 as well as Seekingalpha.com‘s news article titled: “8Point3 Energy Partners: Why Now Is A Good Time To Buy This Solar Yieldco” with publication date: February 26, 2016.

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