About 8Point3 Energy Partners LP
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. As of November 30, 2016, the Company owned interests in nine utility-scale solar energy projects; four C&I solar energy projects, and a portfolio of residential Distributed generation (DG) Solar assets. The Company's utility project portfolio comprises projects, which include Maryland Solar, Solar Gen 2, Lost Hills Blackwell, North Star, RPU, Quinto, Hooper and Kingbird. The Company's C&I projects comprise UC Davis, Macy's California, Macy's Maryland and Kern. The Company's residential portfolio targets homeowners in the United States.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Diversified Utilities
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: CAFD
- Previous Close: $13.42
- 50 Day Moving Average: $13.76
- 200 Day Moving Average: $14.22
- 52-Week Range: $12.04 - $17.34
- Trailing P/E Ratio: 10.61
- Foreward P/E Ratio: 10.57
- P/E Growth: 0.88
- Market Cap: $376.73M
- Beta: 0.91
- Net Margins: 44.30%
- Return on Equity: 3.62%
- Return on Assets: 2.29%
Companies Related to 8Point3 Energy Partners LP:
- Debt-to-Equity Ratio: 0.45%
- Current Ratio: 1.33%
- Quick Ratio: 1.33%
What is 8Point3 Energy Partners LP's stock symbol?
8Point3 Energy Partners LP trades on the NASDAQ under the ticker symbol "CAFD."
How often does 8Point3 Energy Partners LP pay dividends? What is the dividend yield for 8Point3 Energy Partners LP?
8Point3 Energy Partners LP announced a quarterly dividend on Tuesday, December 20th. Investors of record on Tuesday, January 3rd will be paid a dividend of $0.249 per share on Friday, January 13th. This represents a $1.00 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from 8Point3 Energy Partners LP's previous quarterly dividend of $0.24.
Where is 8Point3 Energy Partners LP's stock going? Where will 8Point3 Energy Partners LP's stock price be in 2017?
16 brokers have issued 12-month target prices for 8Point3 Energy Partners LP's shares. Their forecasts range from $12.00 to $20.00. On average, they anticipate 8Point3 Energy Partners LP's share price to reach $17.64 in the next twelve months.
When will 8Point3 Energy Partners LP announce their earnings?
8Point3 Energy Partners LP is scheduled to release their next quarterly earnings announcement on Tuesday, April, 4th 2017.
What are analysts saying about 8Point3 Energy Partners LP stock?
Here are some recent quotes from research analysts about 8Point3 Energy Partners LP stock:
- Robert W. Baird analysts commented, "Reiterate Outperform rating and $20 price target after traveling with management. We are incrementally positive on CAFD's ability to achieve its stated growth targets after traveling with the company in Boston. Management indicated its recent ATM offering could provide financing to potentially acquire a new project or strengthen the balance sheet, and we expect continued execution to drive outperformance over time. We continue to believe CAFD has a high-quality asset portfolio and would be buyers at current levels." (2/6/2017)
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. " (1/30/2017)
Barclays PLC analysts commented, "We now view CAFD as a relative safe haven for investors looking for exposure to the alternative energy space given expected weak 2017E U.S. utility-scale demand," analyst Jon Windham wrote in a note."Compared with the module manufacturers, CAFD's ROFO pipeline visibility gives us more confidence in the near-term growth prospects and fairly predictable nature of CAFD's dividend payout," Windham continued.Related Link: Low Natural Gas Prices Are A Headwind For Suburban PropaneThe partnership declared second quarter 2016 distribution of $0.2325 per share, an increase of 3.5 percent over the first quarter and in line with guidance of 12–15 percent annual growth. It forecasts third-quarter distribution of $0.2406 per share, an increase of 3.5 percent versus second quarter.Windham expects CAFD to be able to sustain this growth through 2017 and likely into 2018 given management's relatively more consistent and conservative approach to managing the payout ratio.The analyst raised his full-year EPS estimates on the partnership to $0.49 from $0.32."We prefer CAFD's strong sponsor support and relatively more conservative approach given access to equity financing remains a challenge," (7/11/2016)
Who owns 8Point3 Energy Partners LP stock?
8Point3 Energy Partners LP's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Eventide Asset Management LLC (5.53%), Guggenheim Capital LLC (2.45%), Ecofin Ltd. (1.72%), Baird Financial Group Inc. (1.17%), Shelter Mutual Insurance Co (0.00%) and Renaissance Technologies LLC (0.58%). Company insiders that own 8Point3 Energy Partners LP stock include Charles D Boynton, Hedge Fund Oceanic, Jason E Dymbort, Michael W Yackira, Norman J Szydlowski, Thomas C Oconnor and Ty P Daul.
Who sold 8Point3 Energy Partners LP stock? Who is selling 8Point3 Energy Partners LP stock?
8Point3 Energy Partners LP's stock was sold by a variety of institutional investors in the last quarter, including GRT Capital Partners L.L.C. and Neumeier Poma Investment Counsel LLC.
Who bought 8Point3 Energy Partners LP stock? Who is buying 8Point3 Energy Partners LP stock?
8Point3 Energy Partners LP's stock was acquired by a variety of institutional investors in the last quarter, including Ecofin Ltd., Renaissance Technologies LLC, Eventide Asset Management LLC, Baird Financial Group Inc., Russell Investments Group Ltd., Guggenheim Capital LLC, Bessemer Group Inc. and Raymond James Financial Services Advisors Inc.. Company insiders that have bought 8Point3 Energy Partners LP stock in the last two years include Charles D Boynton, Jason E Dymbort, Michael W Yackira, Norman J Szydlowski, Thomas C Oconnor and Ty P Daul.
How do I buy 8Point3 Energy Partners LP stock?
Shares of 8Point3 Energy Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of 8Point3 Energy Partners LP stock cost?
One share of 8Point3 Energy Partners LP stock can currently be purchased for approximately $13.42.