Could 8point3 Energy Partners LP Class A (NASDAQ:CAFD) See a Reversal After Less Sellers Came In?

September 17, 2017 - By Ellis Scott

 Could 8point3 Energy Partners LP Class A (NASDAQ:CAFD) See a Reversal After Less Sellers Came In?

The stock of 8point3 Energy Partners LP Class A (NASDAQ:CAFD) registered a decrease of 12.58% in short interest. CAFD’s total short interest was 664,600 shares in September as published by FINRA. Its down 12.58% from 760,200 shares, reported previously. With 105,300 shares average volume, it will take short sellers 6 days to cover their CAFD’s short positions. The short interest to 8point3 Energy Partners LP Class A’s float is 2.51%.

The stock increased 0.28% or $0.04 on September 15, reaching $14.49. About 140,691 shares traded. 8Point3 Energy Partners LP (NASDAQ:CAFD) has declined 9.79% since September 17, 2016 and is downtrending. It has underperformed by 26.49% the S&P500.

8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. The company has market cap of $1.15 billion. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt of solar energy projects. It has a 22.51 P/E ratio. The Firm is developing projects under utility, commercial and industrial (C&I) and residential categories.

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

Among 15 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 6 have Buy rating, 3 Sell and 6 Hold. Therefore 40% are positive. 8point3 Energy Partners LP had 33 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 29 by Oppenheimer. FBR Capital maintained the stock with “Hold” rating in Monday, July 10 report. Mizuho maintained 8Point3 Energy Partners LP (NASDAQ:CAFD) rating on Tuesday, May 31. Mizuho has “Buy” rating and $18 target. The rating was maintained by Deutsche Bank on Monday, September 28 with “Buy”. The company was initiated on Wednesday, April 13 by Guggenheim. Raymond James upgraded 8Point3 Energy Partners LP (NASDAQ:CAFD) on Wednesday, August 12 to “Strong Buy” rating. Credit Suisse initiated the stock with “Underperform” rating in Friday, November 18 report. The rating was downgraded by Avondale to “Mkt Underperform” on Friday, January 27. The firm has “Buy” rating given on Tuesday, October 18 by Bank of America. The company was maintained on Wednesday, June 28 by Roth Capital.

More notable recent 8Point3 Energy Partners LP (NASDAQ:CAFD) news were published by: Seekingalpha.com which released: “2017 Yieldcos: NextEra Energy Partners And 8Point3 Energy Partners” on February 16, 2017, also Foxbusiness.com with their article: “What to Take From 8point3 Energy Partners LP’s Changing Growth Outlook” published on January 30, 2017, Seekingalpha.com published: “8Point3 Energy Partners’ (CAFD) CEO Chuck Boynton on Q2 2017 Results …” on June 30, 2017. More interesting news about 8Point3 Energy Partners LP (NASDAQ:CAFD) were released by: Seekingalpha.com and their article: “8point3 Energy Partners: Waiting For Solar Sentiment To Change” published on April 04, 2017 as well as Fool.com‘s news article titled: “Better Buy: TerraForm Global Inc vs. 8point3 Energy Partners LP” with publication date: February 09, 2017.

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