8Point3 Energy Partners (CAFD) Rating Lowered to Neutral at JPMorgan Chase & Co.

8Point3 Energy Partners (NASDAQ:CAFD) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat reports.

A number of other equities analysts have also weighed in on CAFD. B. Riley reiterated a “neutral” rating on shares of 8Point3 Energy Partners in a research report on Wednesday, November 1st. BidaskClub upgraded shares of 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Goldman Sachs Group lowered shares of 8Point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Tuesday, October 17th. Oppenheimer reiterated a “hold” rating on shares of 8Point3 Energy Partners in a research report on Thursday, October 5th. Finally, Roth Capital set a $15.00 price target on shares of 8Point3 Energy Partners and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.09.

8Point3 Energy Partners (NASDAQ CAFD) traded down $0.17 on Tuesday, hitting $15.23. 116,900 shares of the company’s stock were exchanged, compared to its average volume of 215,386. The company has a market capitalization of $1,210.00 and a price-to-earnings ratio of 35.42. 8Point3 Energy Partners has a fifty-two week low of $11.51 and a fifty-two week high of $15.92. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

Large investors have recently modified their holdings of the stock. AE Wealth Management LLC bought a new position in shares of 8Point3 Energy Partners during the third quarter worth $156,000. Bayesian Capital Management LP bought a new position in shares of 8Point3 Energy Partners during the second quarter worth $165,000. Goldman Sachs Group Inc. bought a new position in shares of 8Point3 Energy Partners during the second quarter worth $250,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of 8Point3 Energy Partners by 90.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock worth $351,000 after acquiring an additional 11,112 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of 8Point3 Energy Partners by 16.6% during the second quarter. First Trust Advisors LP now owns 29,161 shares of the energy company’s stock worth $441,000 after acquiring an additional 4,141 shares during the last quarter. Hedge funds and other institutional investors own 18.05% of the company’s stock.

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About 8Point3 Energy Partners

8point3 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.

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