$0.08 EPS Expected for 8point3 Energy Partners LP (CAFD)

January 2, 2018 - By Peter Erickson

Analysts expect 8point3 Energy Partners LP (NASDAQ:CAFD) to report $0.08 EPS on January, 25.CAFD’s profit would be $6.33M giving it 47.53 P/E if the $0.08 EPS is correct. After having $0.27 EPS previously, 8point3 Energy Partners LP’s analysts see -70.37 % EPS growth. The stock increased 1.60% or $0.24 during the last trading session, reaching $15.21. About 139,752 shares traded. 8point3 Energy Partners LP (NASDAQ:CAFD) has declined 9.79% since January 2, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

8point3 Energy Partners LP (NASDAQ:CAFD) Ratings Coverage

Among 16 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. 8point3 Energy Partners LP had 38 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Sell” rating by UBS given on Thursday, March 10. The stock of 8point3 Energy Partners LP (NASDAQ:CAFD) has “Outperform” rating given on Thursday, June 2 by Wells Fargo. The stock of 8point3 Energy Partners LP (NASDAQ:CAFD) earned “Overweight” rating by Barclays Capital on Monday, July 11. The stock has “Outperform” rating by FBR Capital on Tuesday, December 20. The company was initiated on Tuesday, September 1 by Barclays Capital. The stock of 8point3 Energy Partners LP (NASDAQ:CAFD) has “Neutral” rating given on Friday, October 2 by UBS. UBS maintained 8point3 Energy Partners LP (NASDAQ:CAFD) rating on Wednesday, September 21. UBS has “Sell” rating and $14 target. The stock has “Outperform” rating by Oppenheimer on Wednesday, October 14. The rating was downgraded by Roth Capital to “Neutral” on Friday, January 27. Robert W. Baird maintained the shares of CAFD in report on Thursday, October 19 with “Buy” rating.

8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. The company has market cap of $1.20 billion. As of November 30, 2016, it owned interests in nine utility-scale solar energy projects; and four commercial and industrial solar energy projects, as well as a portfolio of residential distributed generation solar assets with a total capacity of 642 megawatts. 8point3 General Partner, LLC serves as the general partner of the company. It has a 91.08 P/E ratio.

More notable recent 8point3 Energy Partners LP (NASDAQ:CAFD) news were published by: Seekingalpha.com which released: “8Point3 Energy Partners Earnings Bombshell: What Investors Need To Know” on April 07, 2017, also Seekingalpha.com with their article: “8point3 Energy Partners: Waiting For Solar Sentiment To Change” published on April 04, 2017, Prnewswire.com published: “8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution” on December 20, 2017. More interesting news about 8point3 Energy Partners LP (NASDAQ:CAFD) were released by: Nasdaq.com and their article: “8point3 Energy Partners LP (CAFD) Ex-Dividend Date Scheduled for December 29, 2017” published on December 28, 2017 as well as Fool.com‘s news article titled: “What the know about 8point3 Energy Partners’ valuation” with publication date: April 14, 2017.

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