In today’s session 8Point3 Energy Partners LP (CAFD) registered an unusually high (1,300) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious CAFD increase. With 1,300 contracts traded and 154 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: CAFD170616C00012500 closed last at: $2.05 or 5.1% up. 8Point3 Energy Partners LP (NASDAQ:CAFD) has declined 10.47% since April 13, 2016 and is downtrending. It has underperformed by 14.39% 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. 8point3 Energy Partners LP has been the topic of 19 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was initiated by Guggenheim on Wednesday, April 13 with “Neutral”. The rating was maintained by UBS on Friday, October 2 with “Neutral”. The company was upgraded on Thursday, September 24 by Avondale. The company was downgraded on Thursday, March 10 by UBS. On Wednesday, August 12 the stock rating was upgraded by Raymond James to “Strong Buy”. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) has “Outperform” rating given on Wednesday, October 14 by Oppenheimer. The rating was initiated by Wells Fargo with “Outperform” on Thursday, June 2. Bank of America initiated it with “Buy” rating and $18 target price in Tuesday, October 18 report. On Wednesday, September 21 the stock rating was maintained by UBS with “Sell”. As per Tuesday, September 1, the company rating was initiated by Barclays Capital.
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: Marketwatch.com which released: “8Point3 Energy Partners LP” on May 02, 2015, also Prnewswire.com with their article: “8point3 Energy Partners Enter Into Agreement to Acquire 49 Percent Stake in …” published on September 20, 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: Prnewswire.com and their article: “8point3 Energy Partners LP, a YieldCo Formed by First Solar, Inc. and SunPower …” published on June 19, 2015 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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