Short Interest to Follow: Today 8point3 Energy Partners LP Class A (NASDAQ:CAFD) Reported Decrease in Shorted Shares

November 28, 2016 - By Dolores Ford   ·   0 Comments

Short Interest to Follow: Today 8point3 Energy Partners LP Class A (NASDAQ:CAFD) Reported Decrease in Shorted Shares

The stock of 8point3 Energy Partners LP Class A (NASDAQ:CAFD) registered a decrease of 10.16% in short interest. CAFD’s total short interest was 525,900 shares in November as published by FINRA. Its down 10.16% from 585,400 shares, reported previously. With 251,400 shares average volume, it will take short sellers 2 days to cover their CAFD’s short positions. The short interest to 8point3 Energy Partners LP Class A’s float is 2.9%. 8Point3 Energy Partners LP (NASDAQ:CAFD) has declined 14.98% since April 25, 2016 and is downtrending. It has underperformed by 20.99% the S&P500.

8Point3 Energy Partners LP owns, operates and acquires solar energy generation projects. The company has a market cap of $1.21 billion. As of July 31, 2016, the Company owned a 28.2% limited liability firm interest in 8point3 Operating Company, LLC . It has a 7.52 P/E ratio. As of July 31, 2016, the Company’s portfolio consisted of interests in 530 megawatts (MW) of solar energy projects.

8Point3 Energy Partners LP (NASDAQ:CAFD) Ratings Coverage

Out of 13 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 9 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 69% are positive. 8point3 Energy Partners LP has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, January 22 by Barclays Capital. The company was downgraded on Thursday, March 10 by UBS. The firm has “Sell” rating given on Wednesday, September 21 by UBS. The firm has “Outperform” rating given on Thursday, June 2 by Wells Fargo. The firm earned “Mkt Perform” rating on Thursday, September 24 by Avondale. Barclays Capital upgraded 8Point3 Energy Partners LP (NASDAQ:CAFD) on Monday, July 11 to “Overweight” rating. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Buy” rating by Mizuho on Tuesday, May 31. UBS maintained 8Point3 Energy Partners LP (NASDAQ:CAFD) rating on Friday, October 2. UBS has “Neutral” rating and $11 price target. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) has “Equal Weight” rating given on Tuesday, September 1 by Barclays Capital. The rating was initiated by Credit Suisse on Friday, November 18 with “Underperform”.

CAFD Company Profile

8Point3 Energy Partners LP, incorporated on March 3, 2015, owns, operates and acquires solar energy generation projects. As of July 31, 2016, the Company owned a 28.2% limited liability firm interest in 8point3 Operating Company, LLC (OpCo). As of July 31, 2016, the Company’s portfolio consisted of interests in 530 megawatts (MW) of solar energy projects. As of July 31, 2016, the Company owned interests in eight utility-scale solar energy projects, all of which are operational. As of July 31, 2016, its assets represented 88% of the generating capacity of its portfolio. As of July 31, 2016, the Company owned interests in four commercial and industrial (C&I) solar energy projects, two of which were operational and two of which were in late-stage construction, and a portfolio of residential distributed solar generation (DG Solar) assets, which represent 12% of the generating capacity of the Company’s portfolio. The Company’s portfolio is located entirely in the United States and consists of utility-scale and C&I assets.

More notable recent 8Point3 Energy Partners LP (NASDAQ:CAFD) news were published by: Marketwatch.com which released: “8Point3 Energy Partners LP” on May 02, 2015, also Prnewswire.com with their article: “8point3 Energy Partners Enter Into Agreement to Acquire 49 Percent Stake in …” published on September 20, 2016, Prnewswire.com published: “8point3 Energy Partners Enters Into Agreement to Acquire 34 Percent Stake in …” on November 14, 2016. More interesting news about 8Point3 Energy Partners LP (NASDAQ:CAFD) were released by: Prnewswire.com and their article: “8point3 Energy Partners Declares 3.5 Percent Increase in Quarterly Distribution” published on September 19, 2016 as well as Seekingalpha.com‘s news article titled: “8Point3 Energy Partners: Why Now Is A Good Time To Buy This Solar Yieldco” with publication date: February 26, 2016.

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By Dolores Ford


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