8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. It owns interests in 10 utility-scale solar energy projects; and 4 commercial and industrial solar energy projects, as well as a portfolio of residential DG solar assets. As of November 30, 2017, its portfolio consisted of interests in 946 megawatt of solar energy projects. 8point3 General Partner, LLC serves as the general partner of the company. The company was founded in 2015 and is based in San Jose, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:CAFD
CUSIPN/A
Phone408-240-5500
Debt
Debt-to-Equity Ratio0.84
Current Ratio5.20
Quick Ratio5.20
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio21.41
P/E Growth0.93
Sales & Book Value
Annual Sales$70.08 million
Price / Sales14.02
Cash Flow$0.8691 per share
Price / Cash14.29
Book Value$10.62 per share
Price / Book1.17
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$11.40 million
Net Margins28.84%
Return on Equity1.96%
Return on Assets1.01%
Miscellaneous
EmployeesN/A
Outstanding Shares79,090,000
Market Cap$982.34 million
8Point3 Energy Partners (NASDAQ:CAFD) Frequently Asked Questions
What is 8Point3 Energy Partners' stock symbol?
8Point3 Energy Partners trades on the NASDAQ under the ticker symbol "CAFD."
How often does 8Point3 Energy Partners pay dividends? What is the dividend yield for 8Point3 Energy Partners?
8Point3 Energy Partners announced a quarterly dividend on Friday, March 23rd. Shareholders of record on Tuesday, April 3rd will be given a dividend of $0.2802 per share on Friday, April 13th. This represents a $1.12 annualized dividend and a yield of 9.02%. The ex-dividend date of this dividend is Monday, April 2nd. View 8Point3 Energy Partners' Dividend History.
How were 8Point3 Energy Partners' earnings last quarter?
8Point3 Energy Partners LP (NASDAQ:CAFD) issued its quarterly earnings results on Wednesday, March, 28th. The energy company reported $0.35 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.08 by $0.27. The energy company earned $10.87 million during the quarter, compared to the consensus estimate of $11.17 million. 8Point3 Energy Partners had a net margin of 28.84% and a return on equity of 1.96%. View 8Point3 Energy Partners' Earnings History.
What price target have analysts set for CAFD?
9 analysts have issued 12 month price targets for 8Point3 Energy Partners' stock. Their forecasts range from $12.00 to $16.00. On average, they anticipate 8Point3 Energy Partners' stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price. View Analyst Price Targets for 8Point3 Energy Partners.
What is the consensus analysts' recommendation for 8Point3 Energy Partners?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8Point3 Energy Partners in the last year. There are currently 1 sell rating and 8 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 8Point3 Energy Partners.
Who are some of 8Point3 Energy Partners' key competitors?
Some companies that are related to 8Point3 Energy Partners include Hawaiian Electric Industries (HE), Clearway Energy Inc Class C (NYLD), PNM Resources (PNM), Black Hills (BKH), Ormat Technologies (ORA), Nextera Energy Partners (NEP), TerraForm Power (TERP), El Paso Electric (EE), Pampa Energia (PAM), CEMIG (CIG), Atlantica Yield (AY), Pattern Energy Group (PEGI), Otter Tail (OTTR), Dynegy (DYN) and TransAlta (TAC).
Who are 8Point3 Energy Partners' key executives?
8Point3 Energy Partners' management team includes the folowing people:
- Mr. Charles D. Boynton, Chairman & CEO of 8point3 Gen. Partner LLC (Age 50)
- Mr. Bryan R. Schumaker, CFO & Interim Chief Accounting Officer of 8point3 Gen. Partner LLC (Age 42)
- Mr. Jason E. Dymbort, Gen. Counsel of 8Point3 Gen. Partner LLC (Age 40)
- Ms. Natalie F. Jackson, VP of Operations & Director of 8point3 Gen. Partner LLC (Age 45)
- Mr. Max Gardner, VP of Operations - 8point3 Gen. Partner LLC (Age 36)
When did 8Point3 Energy Partners IPO?
(CAFD) raised $400 million in an IPO on Friday, June 19th 2015. The company issued 20,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, Citigroup, Deutsche Bank Securities, J.P. Morgan and Credit Agricole CIB acted as the underwriters for the IPO and HSBC, MUFG, Mizuho Securities and Baird were co-managers.
How do I buy shares of 8Point3 Energy Partners?
Shares of CAFD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is 8Point3 Energy Partners' stock price today?
One share of CAFD stock can currently be purchased for approximately $12.42.
How big of a company is 8Point3 Energy Partners?
8Point3 Energy Partners has a market capitalization of $982.34 million and generates $70.08 million in revenue each year.
What is 8Point3 Energy Partners' official website?
How can I contact 8Point3 Energy Partners?
8Point3 Energy Partners' mailing address is 77 RIO ROBLES, SAN JOSE CA, 95134. The energy company can be reached via phone at 408-240-5500 or via email at [email protected]
MarketBeat Community Rating for 8Point3 Energy Partners (NASDAQ CAFD)
| Community Ranking: | | 2.7 out of 5 ( ) |
| Outperform Votes: | | 278 (Thanks for Voting!) |
| Underperform Votes: | | 244 (Thanks for Voting!) |
| Total Votes: | | 522 |
