8point3 Energy Partners LP Company Profile (NASDAQ:CAFD)

About 8point3 Energy Partners LP

8point3 Energy Partners LP logo8point3 Energy Partners LP (8point3 Partners) is a limited partnership formed by First Solar and SunPower to own, operate and acquire solar energy generation projects. The Company's portfolio includes utility projects, and commercial and industrial (C&I) projects. Its utility projects include MarylandSolar project, a 100% owned project located in Maryland; Solar Gen 2 project, a 49% owned project located in California; Lost Hills / Blackwell project, a 49% owned project located in California; North Star project, a 49% owned project located in California; RPU project, a 100% owned project located in California, and Quinto project, a 100% owned project located in California. Its C&I projects include UC Davis project and Macy's project, which are 100% owned projects located in California. The Company's residential portfolio consists of residential solar energy systems with an aggregate of 39 megawatts of capacity and an average solar energy system capacity of around 7.95 kilowatts.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Diversified Utilities
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: CAFD
  • CUSIP:
Key Metrics:
  • Previous Close: $15.21
  • 50 Day Moving Average: $15.64
  • 200 Day Moving Average: $15.32
  • 52-Week Range: $20,018,000.00 - $10.26
  • Trailing P/E Ratio: 7.04
  • Foreward P/E Ratio: 22.07
  • P/E Growth: -4.20
  • Market Cap: $296.07M
  • Outstanding Shares: 20,018,000
  • Beta: 1.24
Profitability:
  • Net Margins: 138.38%
  • Return on Equity: 1.67%
  • Return on Assets: 1.05%
Debt:
  • Debt-to-Equity Ratio: 0.49%
  • Current Ratio: 3.71%
  • Quick Ratio: 3.71%
Additional Links:
Companies Related to 8point3 Energy Partners LP:

Analyst Ratings

Consensus Ratings for 8point3 Energy Partners LP (NASDAQ:CAFD) (?)
Ratings Breakdown: 1 Hold Rating, 11 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $19.18 (29.69% upside)

Analysts' Ratings History for 8point3 Energy Partners LP (NASDAQ:CAFD)
Show:
DateFirmActionRatingPrice TargetDetails
9/23/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$20.00View Rating Details
9/20/2016JPMorgan Chase & Co.Set Price TargetBuy$19.00View Rating Details
9/21/2016Robert W. BairdSet Price TargetBuy$20.00View Rating Details
9/21/2016Deutsche Bank AGReiterated RatingBuy$18.00View Rating Details
7/11/2016Barclays PLCUpgradeUnderweight -> Overweight$14.00 -> $18.00View Rating Details
6/30/2016Raymond James Financial Inc.Reiterated RatingStrong-BuyView Rating Details
6/1/2016Wells Fargo & Co.Initiated CoverageOutperformView Rating Details
5/31/2016MizuhoLower Price TargetBuy$21.00 -> $18.00View Rating Details
4/12/2016GuggenheimInitiated CoverageNeutralView Rating Details
4/7/2016Roth CapitalReiterated RatingBuy$18.00View Rating Details
4/7/2016Janney Montgomery ScottBoost Price TargetBuy$19.00 -> $20.00View Rating Details
1/5/2016Goldman Sachs Group Inc.Boost Price Target$17.00 -> $20.00View Rating Details
10/15/2015Northland SecuritiesReiterated RatingOutperform$20.00View Rating Details
9/24/2015Avondale PartnersUpgradeUnderperform -> Market Perform$15.00View Rating Details
7/14/2015Citigroup Inc.Initiated CoverageNeutral$21.00View Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for 8point3 Energy Partners LP (NASDAQ:CAFD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
9/28/2016        
9/20/2016Q316$0.38$0.38$26.10 millionViewListenView Earnings Details
6/29/2016Q216($0.01)$0.50$11.60 million$13.50 millionViewListenView Earnings Details
4/6/2016Q415($0.11)$0.27$6.74 million$7.10 millionViewListenView Earnings Details
2/2/2016Q415$0.04$1.38$13.19 millionViewListenView Earnings Details
9/30/2015Q315$0.07$0.05$3.10 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for 8point3 Energy Partners LP (NASDAQ:CAFD)
Current Year EPS Consensus Estimate: $0.88 EPS
Next Year EPS Consensus Estimate: $0.67 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161($0.05)($0.05)($0.05)
Q2 20162($0.13)$0.03($0.05)
Q3 20162$0.14$0.57$0.36
Q4 20162($0.03)$0.00($0.02)
Q1 20172($0.24)$0.01($0.12)
Q2 20172($0.06)$0.07$0.01
Q3 20172$0.09$0.46$0.28
Q4 20172($0.11)$0.01($0.05)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for 8point3 Energy Partners LP (NASDAQ:CAFD)
Annual Dividend:$0.93
Dividend Yield:6.29%
Payout Ratio:105.68% (Based on Current Year Consensus EPS Estimate)
138.81% (Based on Next Year Consensus EPS Estimate)

Dividend History for 8point3 Energy Partners LP (NASDAQ:CAFD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/20/2016quarterly$0.246.23%9/29/201610/3/201610/14/2016
6/21/2016quarterly$0.236.39%6/30/20167/5/20167/15/2016
3/25/2016quarterly$0.226.23%4/1/20164/5/20164/14/2016
12/23/2015quarterly$0.225.63%12/30/20151/4/20161/14/2016
10/2/2015special$0.1610/2/201510/1/201510/15/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for 8point3 Energy Partners LP (NASDAQ:CAFD)
Institutional Ownership Percentage: 68.78%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/18/2016Charles D BoyntonInsiderBuy1,714$14.61$25,041.54View SEC Filing  
4/8/2016Norman J SzydlowskiDirectorBuy1,500$14.40$21,600.00View SEC Filing  
1/21/2016Hedge Fund OceanicMajor ShareholderSell57,505$14.08$809,670.40View SEC Filing  
10/6/2015Ty P DaulDirectorBuy7,500$12.52$93,900.00View SEC Filing  
8/18/2015Charles D BoyntonInsiderBuy7,954$15.25$121,298.50View SEC Filing  
8/18/2015Jason E DymbortGeneral CounselBuy1,600$15.59$24,944.00View SEC Filing  
8/18/2015Thomas C OconnorDirectorBuy6,500$15.50$100,750.00View SEC Filing  
8/17/2015Michael W YackiraDirectorBuy5,000$15.83$79,150.00View SEC Filing  
6/24/2015Michael W YackiraDirectorBuy2,500$20.41$51,025.00View SEC Filing  
6/19/2015Charles D BoyntonInsiderBuy8,000$21.12$168,960.00View SEC Filing  
6/19/2015Michael W YackiraDirectorBuy5,000$21.00$105,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for 8point3 Energy Partners LP (NASDAQ:CAFD)
DateHeadline
4-traders.com logo8POINT3 ENERGY PARTNERS LP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NASDAQ:CAFD)
www.4-traders.com - September 26 at 8:50 AM
realistinvestor.com logo8Point3 Energy Partners LP (NASDAQ:CAFD) Mean Price Target Is $18.388 (NASDAQ:CAFD)
www.realistinvestor.com - September 26 at 8:50 AM
biz.yahoo.com logo8POINT3 ENERGY PARTNERS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and E (NASDAQ:CAFD)
biz.yahoo.com - September 26 at 8:50 AM
realistinvestor.com logo8Point3 Energy Partners LP (NASDAQ:CAFD) Mean Price Target Is $18.388 - RealistInvestor.com (NASDAQ:CAFD)
www.realistinvestor.com - September 25 at 3:45 PM
streetinsider.com logo8point3 Energy Partners (CAFD) Prices 7M Stock Offering at $14.65/Share (NASDAQ:CAFD)
www.streetinsider.com - September 24 at 8:17 AM
News IconBulls and Bears Call Truces- Comcast (NASDAQ:CMCSA), 8point3 Energy Partners (NASDAQ:CAFD), CenturyLink ... - Seneca Globe (NASDAQ:CAFD)
www.senecaglobe.com - September 23 at 3:28 PM
streetinsider.com logo8point3 Energy Partners (CAFD) Prices 7M Stock Offering at $14.65/Share - StreetInsider.com (NASDAQ:CAFD)
www.streetinsider.com - September 23 at 3:28 PM
capitalcube.com logo8point3 Energy Partners LP :CAFD-US: Earnings Analysis: Q3, 2016 By the Numbers : September 23, 2016 (NASDAQ:CAFD)
www.capitalcube.com - September 23 at 3:28 PM
4-traders.com logo8Point3 Energy Partners LP : Prices Offering of Class A Shares (NASDAQ:CAFD)
www.4-traders.com - September 23 at 9:12 AM
streetinsider.com logo8point3 Energy Partners (CAFD) Announces 7M Share Stock Offering (NASDAQ:CAFD)
www.streetinsider.com - September 23 at 9:12 AM
seekingalpha.com logo8point3 Energy to launch 7M-share offering (NASDAQ:CAFD)
seekingalpha.com - September 23 at 9:12 AM
News Icon8point3 Energy Partners Announces Offering of Class A Shares (NASDAQ:CAFD)
ih.advfn.com - September 23 at 9:12 AM
publicnow.com logo8point3 Energy Partners Prices Offering of Class A Shares (NASDAQ:CAFD)
www.publicnow.com - September 23 at 9:11 AM
finance.yahoo.com logo2:56 am 8point3 Energy Partners LP prices 7 mln Class A shares at $14.65 per share (NASDAQ:CAFD)
finance.yahoo.com - September 23 at 9:11 AM
4-traders.com logo8point3 Energy to acquire 49% stake in 102-MW Henrietta solar project (NASDAQ:CAFD)
www.4-traders.com - September 22 at 9:40 AM
streetinsider.com logoBaird Reiterates Outperform on 8point3 Energy Partners (CAFD) Following 3Q Report (NASDAQ:CAFD)
www.streetinsider.com - September 22 at 9:40 AM
benzinga.com logo8Point3 Energy's Q3 Beat And Raise Justify Rating Reiteration From Baird (NASDAQ:CAFD)
www.benzinga.com - September 21 at 4:41 PM
seekingalpha.com logo8point3 Energy Partners LP 2016 Q3 - Results - Earnings Call Slides (NASDAQ:CAFD)
seekingalpha.com - September 21 at 4:41 PM
finance.yahoo.com logo8point3 (CAFD) to Buy 49% Stake in SunPower's Solar Project (NASDAQ:CAFD)
finance.yahoo.com - September 21 at 4:41 PM
finance.yahoo.com logo8point3 Energy (CAFD) Q3 Earnings Miss, Lifts 2016 View (NASDAQ:CAFD)
finance.yahoo.com - September 21 at 4:41 PM
nasdaq.com logoAfter-Hours Earnings Report for September 20, 2016 : ADBE, FDX, CPRT, KBH, CAFD - Nasdaq (NASDAQ:CAFD)
www.nasdaq.com - September 21 at 8:02 AM
prnewswire.com logo8point3 Energy Partners Declares 3.5 Percent Increase in Quarterly Distribution - PR Newswire (press release) (NASDAQ:CAFD)
www.prnewswire.com - September 21 at 8:02 AM
finance.yahoo.com logo8point3 Energy Partners posts 3Q profit - Yahoo Finance (NASDAQ:CAFD)
finance.yahoo.com - September 21 at 8:02 AM
sg.finance.yahoo.com logo8point3 Energy Partners posts 3Q profit (NASDAQ:CAFD)
sg.finance.yahoo.com - September 21 at 8:02 AM
biz.yahoo.com logo8Point3 Energy Partners LP Earnings Call scheduled for 4:30 pm ET today (NASDAQ:CAFD)
biz.yahoo.com - September 21 at 8:02 AM
publicnow.com logo8point3 Energy Partners Reports Third Quarter 2016 Results (NASDAQ:CAFD)
www.publicnow.com - September 21 at 8:02 AM
finance.yahoo.com logoEdited Transcript of CAFD earnings conference call or presentation 20-Sep-16 8:30pm GMT (NASDAQ:CAFD)
finance.yahoo.com - September 21 at 8:02 AM
biz.yahoo.com logo8Point3 Energy Partners LP Earnings Call (Q3 2016) (NASDAQ:CAFD)
biz.yahoo.com - September 20 at 9:54 AM
biz.yahoo.com logoQ3 2016 8Point3 Energy Partners LP Earnings Release - After Market Close (NASDAQ:CAFD)
biz.yahoo.com - September 20 at 9:54 AM
publicnow.com logo8point3 Energy Partners Declares 3.5 Percent Increase in Quarterly Distribution (NASDAQ:CAFD)
www.publicnow.com - September 19 at 4:52 PM
fool.com logo3 Stocks You Don't Have to Babysit (NASDAQ:CAFD)
www.fool.com - September 19 at 8:49 AM
News Icon8Point3 Energy Partners LP (NASDAQ:CAFD) Receives Consensus Recommendation of “Buy” from Analysts - DailyQuint (NASDAQ:CAFD)
dailyquint.com - September 18 at 3:54 PM
biz.yahoo.com logo8POINT3 ENERGY PARTNERS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition (NASDAQ:CAFD)
biz.yahoo.com - September 18 at 8:46 AM
stocksdaily.net logo8Point3 Energy Partners LP (NASDAQ:CAFD) Rating At 1.67 ... - Stocks Daily (NASDAQ:CAFD)
www.stocksdaily.net - September 17 at 3:58 PM
stocksdaily.net logo8Point3 Energy Partners LP (NASDAQ:CAFD) Rating At 1.67 - Stocks Daily (NASDAQ:CAFD)
www.stocksdaily.net - September 17 at 3:58 PM
News IconWhat is the Sell-side Saying About 8Point3 Energy Partners LP (NASDAQ:CAFD)? - Frisco Fastball (NASDAQ:CAFD)
friscofastball.com - September 14 at 4:02 PM
realistinvestor.com logo8Point3 Energy Partners LP (NASDAQ:CAFD) Mean Price Target Is $18.05 - RealistInvestor.com (NASDAQ:CAFD)
www.realistinvestor.com - September 14 at 8:16 AM
News IconAnalysts Take: 8Point3 Energy Partners LP (NASDAQ:CAFD) Projected Earnings & Price Targets - Frisco Fastball (NASDAQ:CAFD)
friscofastball.com - September 14 at 8:16 AM
finance.yahoo.com logo8point3 Energy Partners to Announce Third-Quarter Results on September 20, 2016 (NASDAQ:CAFD)
finance.yahoo.com - September 14 at 8:16 AM
realistinvestor.com logo8Point3 Energy Partners LP (NASDAQ:CAFD) Mean Price Target Is $18.05 (NASDAQ:CAFD)
www.realistinvestor.com - September 13 at 8:52 AM
News IconShares Slipping Lower Over the Past Month: 8point3 Energy Partners LP (NASDAQ:CAFD) - Post News (NASDAQ:CAFD)
www.kentuckypostnews.com - September 1 at 3:59 PM
realistinvestor.com logo8Point3 Energy Partners LP (NASDAQ:CAFD) Stock Price Likely To Reach $18.05: Wall Street - RealistInvestor.com (NASDAQ:CAFD)
www.realistinvestor.com - August 28 at 3:52 PM
benzinga.com logoBarclays Highlights Solar Outlook, And How To Play The Long Game - Benzinga (NASDAQ:CAFD)
www.benzinga.com - August 24 at 12:16 PM
News IconCrowd Perspectives & Broker Views on 8Point3 Energy Partners LP (NASDAQ:CAFD)? - Post News (NASDAQ:CAFD)
www.kentuckypostnews.com - August 23 at 8:11 AM
realistinvestor.com logoHere’s The Growth Forecast For 8Point3 Energy Partners LP (NASDAQ:CAFD) (NASDAQ:CAFD)
www.realistinvestor.com - August 22 at 8:49 AM
realistinvestor.com logoHere's The Growth Forecast For 8Point3 Energy Partners LP (NASDAQ:CAFD) - RealistInvestor.com (NASDAQ:CAFD)
www.realistinvestor.com - August 21 at 3:51 PM
fool.com logo3 Hidden Energy Dividends You Will Love (NASDAQ:CAFD)
www.fool.com - August 21 at 3:51 PM
News IconInstitutions Have Decreased Their Ownership of 8point3 Energy Partners LP (NASDAQ:CAFD) - Post News (NASDAQ:CAFD)
www.kentuckypostnews.com - August 19 at 11:34 AM
realistinvestor.com logoAnalysts Set $18.05 Price Target For 8Point3 Energy Partners LP (NASDAQ:CAFD) - RealistInvestor.com (NASDAQ:CAFD)
www.realistinvestor.com - August 17 at 4:09 PM
realistinvestor.com logoAnalysts Set $18.05 Price Target For 8Point3 Energy Partners LP (NASDAQ:CAFD) (NASDAQ:CAFD)
www.realistinvestor.com - August 16 at 4:08 PM

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8point3 Energy Partners LP (NASDAQ:CAFD) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff