News headlines about 8point3 Energy Partners (NASDAQ:CAFD) have been trending somewhat positive on Friday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 8point3 Energy Partners earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 47.5891567535749 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- CAFD Added As Top 10 Utility Dividend Stock With 7.20% Yield (thestreet.com)
- Featured Company News – Sempra’s IEnova Acquires Pemex’s Participation in Los Ramones II Norte Pipeline (finance.yahoo.com)
- ETFs with exposure to 8point3 Energy Partners LP : October 9, 2017 (finance.yahoo.com)
- Q2 2018 EPS Estimates for 8point3 Energy Partners LP (CAFD) Cut by Analyst (americanbankingnews.com)
- 8point3 Energy Partners LP (CAFD) to Post Q4 2017 Earnings of ($0.03) Per Share, Oppenheimer Holdings Forecasts (americanbankingnews.com)
Shares of 8point3 Energy Partners (CAFD) opened at 15.28 on Friday. The stock’s 50 day moving average is $14.73 and its 200 day moving average is $14.73. 8point3 Energy Partners has a 52-week low of $11.51 and a 52-week high of $15.69. The stock has a market cap of $429.08 million, a price-to-earnings ratio of 59.69 and a beta of 0.85.
8point3 Energy Partners (NASDAQ:CAFD) last posted its quarterly earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.38). The company had revenue of $27.74 million for the quarter, compared to analysts’ expectations of $25.85 million. 8point3 Energy Partners had a return on equity of 1.87% and a net margin of 23.13%. On average, equities analysts expect that 8point3 Energy Partners will post $0.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.2721 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 7.12%. This is an increase from 8point3 Energy Partners’s previous quarterly dividend of $0.26.
A number of research analysts have weighed in on the stock. Vetr lowered shares of 8point3 Energy Partners from a “hold” rating to a “sell” rating and set a $14.49 target price on the stock. in a research note on Monday, July 3rd. FBR & Co reaffirmed a “hold” rating on shares of 8point3 Energy Partners in a research report on Saturday, July 1st. Roth Capital set a $15.00 price target on shares of 8point3 Energy Partners and gave the company a “hold” rating in a research report on Saturday, July 1st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of 8point3 Energy Partners in a research report on Thursday, October 5th. Finally, Bank of America Corporation set a $16.00 price target on shares of 8point3 Energy Partners and gave the company a “hold” rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.09.
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8point3 Energy Partners Company Profile
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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