About 8Point3 Energy Partners (NASDAQ:CAFD)
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
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 Ratio20.86
P/E Growth0.9
Sales & Book Value
Annual Sales$70.08 million
Price / Sales13.66
Cash Flow$0.8730 per share
Price / Cash13.86
Book Value$10.40 per share
Price / Book1.16
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
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 declared a quarterly dividend on Friday, March 23rd. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.2802 per share on Friday, April 13th. This represents a $1.12 dividend on an annualized basis and a yield of 9.26%. 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) posted 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 analyst estimates of $11.17 million. 8Point3 Energy Partners had a return on equity of 1.96% and a net margin of 28.84%. View 8Point3 Energy Partners' Earnings History.
When is 8Point3 Energy Partners' next earnings date?
What price target have analysts set for CAFD?
13 brokerages have issued twelve-month price objectives for 8Point3 Energy Partners' stock. Their forecasts range from $11.00 to $16.00. On average, they expect 8Point3 Energy Partners' share price to reach $13.15 in the next twelve months. 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 Rice Midstream Partners (RMP), World Fuel Services (INT), Cairn Energy (CRNCY), Paramount Resources (PRMRF), Keane Group (FRAC), McDermott International (MDR), Dril-Quip (DRQ), Noble Midstream Partners (NBLX), Select Energy Services (WTTR), China Coal Energy (CCOZY), Gulfport Energy (GPOR), Frank's International (FI), Carrizo Oil & Gas (CRZO), Superior Energy Services (SPN), Dominion Cove Point LNG (DM), NGL Energy Partners (NGL), Mammoth Energy Services (TUSK) and Alliance Holdings GP (AHGP).
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 initial public offering 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.
Has 8Point3 Energy Partners been receiving favorable news coverage?
Headlines about CAFD stock have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 8Point3 Energy Partners earned a coverage optimism score of 0.19 on Accern's scale. They also assigned press coverage about the energy company an impact score of 46.43 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $12.10.
How big of a company is 8Point3 Energy Partners?
8Point3 Energy Partners has a market capitalization of $952.28 million and generates $70.08 million in revenue each year.
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 (CAFD)
| Community Ranking: | | 2.6 out of 5 ( ) |
| Outperform Votes: | | 245 (Thanks for Voting!) |
| Underperform Votes: | | 219 (Thanks for Voting!) |
| Total Votes: | | 464 |
8Point3 Energy Partners (NASDAQ:CAFD) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for 8Point3 Energy Partners in the last 12 months. Their average twelve-month price target is $13.15, suggesting that the stock has a possible upside of 8.68%. The high price target for CAFD is $16.00 and the low price target for CAFD is $11.00. There are currently 2 sell ratings and 11 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.85 | 1.86 | 1.87 | 1.86 |
| Ratings Breakdown: | 2 Sell Rating(s)
11 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
12 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
11 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
10 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $13.15 | $13.35 | $14.05 | $14.2273 |
| Price Target Upside: | 8.68% upside | 9.25% upside | 11.64% downside | 7.91% downside |
8Point3 Energy Partners (NASDAQ:CAFD) Consensus Price Target History
8Point3 Energy Partners (NASDAQ:CAFD) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
8Point3 Energy Partners (NASDAQ:CAFD) Dividend Information
8Point3 Energy Partners pays an annual dividend of $1.12 per share, with a dividend yield of 9.26%. CAFD's most recent quarterly dividend payment was Friday, April 13.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 9.26% |
| Payout Ratio: | 193.10% (Based on This Year's Estimates)
189.83% (Based on Next Year's Estimates)
|
8Point3 Energy Partners (NASDAQ:CAFD) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/23/2018 | quarterly | $0.2802 | 9.56% | 4/2/2018 | 4/3/2018 | 4/13/2018 |
| 12/21/2017 | quarterly | $0.2802 | 7.49% | 12/29/2017 | 1/2/2018 | 1/12/2018 |
| 9/22/2017 | quarterly | $0.2721 | 7.37% | 10/2/2017 | 10/3/2017 | 10/13/2017 |
| 6/26/2017 | quarterly | $0.2642 | 7.04% | 7/3/2017 | 7/6/2017 | 7/14/2017 |
| 3/24/2017 | quarterly | $0.2565 | 7.87% | 3/31/2017 | 4/4/2017 | 4/14/2017 |
| 12/20/2016 | quarterly | $0.2490 | 7.46% | 12/29/2016 | 1/3/2017 | 1/13/2017 |
| 9/20/2016 | quarterly | $0.2406 | 6.23% | 9/29/2016 | 10/3/2016 | 10/14/2016 |
| 6/21/2016 | quarterly | $0.2325 | 6.39% | 6/30/2016 | 7/5/2016 | 7/15/2016 |
| 3/25/2016 | quarterly | $0.2246 | 6.23% | 4/1/2016 | 4/5/2016 | 4/14/2016 |
| 12/23/2015 | quarterly | $0.2170 | 5.63% | 12/30/2015 | 1/4/2016 | 1/14/2016 |
| 10/2/2015 | special | $0.1570 | | 10/2/2015 | 10/1/2015 | 10/15/2015 |
(Data available from 1/1/2013 forward)
8Point3 Energy Partners (NASDAQ CAFD) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 17.53%
8Point3 Energy Partners (NASDAQ CAFD) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/18/2016 | Charles D Boynton | Insider | Buy | 1,714 | $14.61 | $25,041.54 | |  |
| 4/8/2016 | Norman J Szydlowski | Director | Buy | 1,500 | $14.40 | $21,600.00 | 5,170 | |
| 1/21/2016 | Hedge Fund Oceanic | Major Shareholder | Sell | 57,505 | $14.08 | $809,670.40 | | |
| 10/6/2015 | Ty P Daul | Director | Buy | 7,500 | $12.52 | $93,900.00 | 7,500 | |
| 8/18/2015 | Charles D Boynton | Insider | Buy | 7,954 | $15.25 | $121,298.50 | | |
| 8/18/2015 | Jason E Dymbort | General Counsel | Buy | 1,600 | $15.59 | $24,944.00 | | |
| 8/18/2015 | Thomas C Oconnor | Director | Buy | 6,500 | $15.50 | $100,750.00 | | |
| 8/17/2015 | Michael W Yackira | Director | Buy | 5,000 | $15.83 | $79,150.00 | | |
| 6/24/2015 | Michael W Yackira | Director | Buy | 2,500 | $20.41 | $51,025.00 | | |
| 6/19/2015 | Charles D Boynton | Insider | Buy | 8,000 | $21.12 | $168,960.00 | | |
| 6/19/2015 | Michael W Yackira | Director | Buy | 5,000 | $21.00 | $105,000.00 | | |
(Data available from 1/1/2013 forward)
8Point3 Energy Partners (NASDAQ CAFD) News Headlines
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8Point3 Energy Partners (NASDAQ:CAFD) SEC Filings
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8Point3 Energy Partners (NASDAQ:CAFD) Income Statement, Balance Sheet and Cash Flow Statement
8Point3 Energy Partners (NASDAQ CAFD) Stock Chart for Saturday, April, 21, 2018
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