8Point3 Energy Partners LP Company Profile (NASDAQ:CAFD)

About 8Point3 Energy Partners LP

8Point3 Energy Partners LP logo8point3 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
  • CUSIP:
Key Metrics:
  • 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
Profitability:
  • Net Margins: 44.30%
  • Return on Equity: 3.62%
  • Return on Assets: 2.29%
Debt:
  • Debt-to-Equity Ratio: 0.45%
  • Current Ratio: 1.33%
  • Quick Ratio: 1.33%
Additional Links:
Companies Related to 8Point3 Energy Partners LP:

Analyst Ratings

Consensus Ratings for 8Point3 Energy Partners LP (NASDAQ:CAFD) (?)
Ratings Breakdown: 2 Sell Ratings, 2 Hold Ratings, 11 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.69)
Consensus Price Target: $17.64 (31.47% upside)

Analysts' Ratings History for 8Point3 Energy Partners LP (NASDAQ:CAFD)
Show:
DateFirmActionRatingPrice TargetDetails
2/9/2017Williams CapitalInitiated CoverageHold$14.00View Rating Details
2/6/2017Robert W. BairdReiterated RatingOutperform$20.00View Rating Details
1/27/2017Roth CapitalDowngradeBuy -> Neutral$15.00 -> $18.00View Rating Details
1/27/2017Avondale PartnersDowngradeMarket Perform -> UnderperformView Rating Details
1/12/2017GuggenheimUpgradeNeutral -> Buy$16.00View Rating Details
12/20/2016FBR & CoInitiated CoverageOutperform$15.00View Rating Details
11/17/2016Credit Suisse GroupInitiated CoverageUnderperform$12.00View Rating Details
11/9/2016Bank of America CorpReiterated RatingBuyView Rating Details
9/28/2016J P Morgan Chase & CoSet Price TargetBuy$20.00View Rating Details
9/23/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperform$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 & CompanyInitiated CoverageOutperformView Rating Details
5/31/2016MizuhoLower Price TargetBuy$21.00 -> $18.00View Rating Details
4/7/2016Janney Montgomery ScottBoost Price TargetBuy$19.00 -> $20.00View Rating Details
1/5/2016Goldman Sachs Group, Inc. (The)Boost Price Target$17.00 -> $20.00View Rating Details
10/15/2015Northland SecuritiesReiterated RatingOutperform$20.00View Rating Details
7/14/2015Citigroup Inc.Initiated CoverageNeutral$21.00View Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for 8Point3 Energy Partners LP (NASDAQ:CAFD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/4/2017        
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: $0.71 EPS
Next Year EPS Consensus Estimate: $1.27 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 20163($0.04)$0.00($0.02)
Q1 20173($0.24)$0.01($0.08)
Q2 20173($0.06)$0.31$0.11
Q3 20173$0.09$0.52$0.37
Q4 20173($0.11)$0.33$0.08
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for 8Point3 Energy Partners LP (NASDAQ:CAFD)
Annual Dividend:$1.00
Dividend Yield:7.45%
Payout Ratio:140.85% (Based on Current Year Consensus EPS Estimate)
78.74% (Based on Next Year Consensus EPS Estimate)

Dividend History for 8Point3 Energy Partners LP (NASDAQ:CAFD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/20/2016quarterly$0.257.46%12/29/20161/3/20171/13/2017
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: 62.03%
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
News Icon8Point3 Energy Partners LP (NASDAQ:CAFD) Bearish Target At $20 - Stock Observer (NASDAQ:CAFD)
www.thestockobserver.com - February 23 at 2:14 AM
investopedia.com logoA Look at Solar Energy Earnings (NASDAQ:CAFD)
www.investopedia.com - February 22 at 4:11 PM
msn.com logoWhy Investors Should Consider 8point3 Energy Partners (NASDAQ:CAFD)
www.msn.com - February 21 at 6:26 PM
fool.com logo2 Stocks to Consider to Invest in a Renewable Energy Future (NASDAQ:CAFD)
www.fool.com - February 19 at 11:30 AM
seekingalpha.com logo2017 Yieldcos: NextEra Energy Partners And 8Point3 Energy Partners (NASDAQ:CAFD)
seekingalpha.com - February 16 at 4:11 PM
biz.yahoo.com logo8POINT3 ENERGY PARTNERS LP Files SEC form 8-K/A, Financial Statements and Exhibits (NASDAQ:CAFD)
biz.yahoo.com - February 16 at 8:59 AM
finance.yahoo.com logoSunPower (SPWR) Q4 Loss Wider than Expected, Revenues Miss (NASDAQ:CAFD)
finance.yahoo.com - February 16 at 8:59 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 - February 14 at 9:48 PM
capitalcube.com logoETFs with exposure to 8point3 Energy Partners LP : February 14, 2017 (NASDAQ:CAFD)
www.capitalcube.com - February 14 at 4:46 PM
fool.com logoWhere the U.S. Uses Renewable Energy (NASDAQ:CAFD)
www.fool.com - February 13 at 9:42 PM
fool.com logoBetter Buy: TerraForm Global Inc vs. 8point3 Energy Partners LP - Motley Fool (NASDAQ:CAFD)
www.fool.com - February 10 at 3:43 PM
us.rd.yahoo.com logoCoverage initiated on 8point3 Energy Partners LP by Williams Capital Group (NASDAQ:CAFD)
us.rd.yahoo.com - February 9 at 4:24 PM
fool.com logoBetter Buy: TerraForm Global Inc vs. 8point3 Energy Partners LP (NASDAQ:CAFD)
www.fool.com - February 9 at 3:25 PM
News Icon8Point3 Energy Partners LP (NASDAQ:CAFD) Bearish Target At $22.5 - Stock Observer (NASDAQ:CAFD)
www.thestockobserver.com - February 8 at 3:15 AM
News Icon8Point3 Energy Partners LP (NASDAQ:CAFD) Bearish Target At ... - Stock Observer (NASDAQ:CAFD)
www.thestockobserver.com - February 7 at 10:13 PM
streetinsider.com logoBaird Reiterates Outperform on 8point3 Energy Partners (CAFD) After Traveling with Management - StreetInsider.com (NASDAQ:CAFD)
www.streetinsider.com - February 6 at 9:09 PM
capitalcube.com logoETFs with exposure to 8point3 Energy Partners LP : February 2, 2017 (NASDAQ:CAFD)
www.capitalcube.com - February 2 at 4:20 PM
finance.yahoo.com logo8POINT3 ENERGY PARTNERS LP Financials (NASDAQ:CAFD)
finance.yahoo.com - February 1 at 3:17 PM
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 - January 31 at 9:35 PM
seekingalpha.com logo8point3 Energy Partners LP (CAFD) (NASDAQ:CAFD)
seekingalpha.com - January 31 at 9:35 PM
News IconInvestor Guide: Check on Technical Levels for 8Point3 Energy Partners LP (CAFD) - Springdale Times (NASDAQ:CAFD)
springdaletimes.com - January 31 at 2:13 AM
News IconWhat's Ahead For This Dividend Darling: 8point3 Energy Partners LP (NASDAQ:CAFD) - Aiken Advocate (NASDAQ:CAFD)
aikenadvocate.com - January 31 at 2:13 AM
News IconWhat to Take From 8point3 Energy Partners LP's Changing Growth Outlook - Fox Business (NASDAQ:CAFD)
www.foxbusiness.com - January 31 at 2:13 AM
News IconStock in Focus: 8point3 Energy Partners LP (NASDAQ:CAFD) - The Tribune (NASDAQ:CAFD)
lakecitytribune.com - January 30 at 4:08 PM
fool.com logoWhat to Take From 8point3 Energy Partners LP's Changing Growth Outlook - Motley Fool (NASDAQ:CAFD)
www.fool.com - January 30 at 4:08 PM
capitalcube.com logo8point3 Energy Partners LP :CAFD-US: Earnings Analysis: 2016 By the Numbers : January 30, 2017 (NASDAQ:CAFD)
www.capitalcube.com - January 30 at 4:08 PM
capitalcube.com logo8point3 Energy Partners LP :CAFD-US: Earnings Analysis: Q4, 2016 By the Numbers : January 30, 2017 (NASDAQ:CAFD)
www.capitalcube.com - January 30 at 4:08 PM
fool.com logoWhat to Take From 8point3 Energy Partners LP's Changing Growth Outlook (NASDAQ:CAFD)
www.fool.com - January 30 at 2:10 PM
News IconStock Watch for 8point3 Energy Partners LP (NASDAQ:CAFD) - Gilbert Daily (NASDAQ:CAFD)
gilbertdaily.com - January 30 at 2:06 AM
seekingalpha.com logo8point3 Energy Partners LP 2016 Q4 - Results - Earnings Call Slides (NASDAQ:CAFD)
seekingalpha.com - January 27 at 10:15 PM
us.rd.yahoo.com logoEdited Transcript of CAFD earnings conference call or presentation 26-Jan-17 9:30pm GMT (NASDAQ:CAFD)
us.rd.yahoo.com - January 27 at 10:15 PM
biz.yahoo.com logoQ4 2016 8Point3 Energy Partners LP Earnings Release - After Market Close (NASDAQ:CAFD)
us.rd.yahoo.com - January 27 at 10:15 PM
News IconHigh Volatility Creating Buzz Mid-Session For 8point3 Energy Partners LP (NASDAQ:CAFD) - Wall Street Beacon (NASDAQ:CAFD)
wsbeacon.com - January 27 at 5:14 PM
seekingalpha.com logo8Point3: Strong Growth Continues - Seeking Alpha (NASDAQ:CAFD)
seekingalpha.com - January 27 at 5:14 PM
finance.yahoo.com logo8point3 Energy (CAFD) Beats FY16 Earnings, Revenues Up (NASDAQ:CAFD)
finance.yahoo.com - January 27 at 5:14 PM
News Icon8point3 Energy Partners Reports Fourth Quarter 2016 Results - Broadway World (NASDAQ:CAFD)
www.broadwayworld.com - January 27 at 2:59 AM
News IconAnalysts Take Aim At This Stock's Earnings Estimates: 8Point3 Energy Partners LP (NASDAQ:CAFD) - Aiken Advocate (NASDAQ:CAFD)
aikenadvocate.com - January 26 at 9:57 PM
News Icon8Point3 Energy Partners LP (NASDAQ:CAFD) to Post $-0.01 Earnings Per Share: Analysts - Wall Street Beacon (NASDAQ:CAFD)
wsbeacon.com - January 26 at 9:57 PM
News IconSetting the Table For Earnings, Stock In Focus: 8point3 Energy Partners LP (NASDAQ:CAFD) - Aiken Advocate (NASDAQ:CAFD)
aikenadvocate.com - January 26 at 4:56 PM
News IconEarnings in Full Force, Analysts Take Aim at 8Point3 Energy Partners LP (NASDAQ:CAFD) - Wall Street Beacon (NASDAQ:CAFD)
wsbeacon.com - January 26 at 4:56 PM
finance.yahoo.com logo8point3 Energy Partners Reports Fourth Quarter 2016 Results (NASDAQ:CAFD)
finance.yahoo.com - January 26 at 4:56 PM
biz.yahoo.com logo8POINT3 ENERGY PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an (NASDAQ:CAFD)
biz.yahoo.com - January 26 at 4:56 PM
biz.yahoo.com logo8Point3 Energy Partners LP Earnings Call scheduled for 4:30 pm ET today (NASDAQ:CAFD)
biz.yahoo.com - January 26 at 4:56 PM
finance.yahoo.com logo8point3 Energy (CAFD) Q4 Earnings: Is a Beat in the Cards? (NASDAQ:CAFD)
finance.yahoo.com - January 24 at 4:40 PM
4-traders.com logo8Point3 Energy Partners LP : annual earnings release (NASDAQ:CAFD)
www.4-traders.com - January 23 at 4:27 PM
News IconWhat is the Street Saying About 8Point3 Energy Partners LP (NASDAQ:CAFD)? - Aiken Advocate (NASDAQ:CAFD)
aikenadvocate.com - January 22 at 4:07 PM
News IconRSI Review on Shares of 8Point3 Energy Partners LP (CAFD) - Sherwood Daily (NASDAQ:CAFD)
sherwooddaily.com - January 20 at 5:13 PM
streetinsider.com logo8point3 Energy Partners (CAFD): Earnings Preview - Baird - StreetInsider.com (NASDAQ:CAFD)
www.streetinsider.com - January 20 at 5:13 PM
News IconShort Interest Watching: What's in 8point3 Energy Partners LP Class A - Baxley Report (NASDAQ:CAFD)
baxleyreport.com - January 18 at 8:37 PM
News IconTechnical Update on Shares of 8Point3 Energy Partners LP (CAFD) - Sherwood Daily (NASDAQ:CAFD)
sherwooddaily.com - January 18 at 3:35 PM

Social

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.

8Point3 Energy Partners LP (NASDAQ:CAFD) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for 8Point3 Energy Partners LP (NASDAQ:CAFD)

Earnings History Chart

Earnings by Quarter for 8Point3 Energy Partners LP (NASDAQ:CAFD)

Dividend History Chart

Dividend Payments by Quarter for 8Point3 Energy Partners LP (NASDAQ:CAFD)

Last Updated on 2/23/2017 by MarketBeat.com Staff