What’s 8point3 Energy Partners LP Class A (NASDAQ:CAFD) Upside After This Short Interest Decrease?

September 17, 2017 - By Stephen Andrade

 What's 8point3 Energy Partners LP Class A (NASDAQ:CAFD) Upside After This Short Interest Decrease?

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 initiated on Wednesday, April 13 by Guggenheim. On Friday, January 22 the stock rating was downgraded by Barclays Capital to “Underweight”. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, September 1. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) has “Equal-Weight” rating given on Tuesday, June 27 by Barclays Capital. The firm has “Buy” rating by Mizuho given on Tuesday, May 31. The firm earned “Neutral” rating on Friday, October 2 by UBS. The stock has “Neutral” rating by Guggenheim on Thursday, June 15. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Mkt Perform” rating by Avondale on Thursday, September 24. The firm earned “Overweight” rating on Monday, July 11 by Barclays Capital. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Buy” rating by Guggenheim on Thursday, January 12.

More notable recent 8Point3 Energy Partners LP (NASDAQ:CAFD) news were published by: Seekingalpha.com which released: “8point3 Energy Partners: Waiting For Solar Sentiment To Change” on April 04, 2017, also Fool.com with their article: “Your Gut Feeling Is Right: 8Point3 Energy Partners Is a Buy” published on March 10, 2017, Prnewswire.com published: “8point3 Energy Partners Declares 3.0 Percent Increase in Quarterly Distribution” on June 26, 2017. More interesting news about 8Point3 Energy Partners LP (NASDAQ:CAFD) were released by: Seekingalpha.com and their article: “8Point3 Energy Partners’ (CAFD) CEO Chuck Boynton on Q2 2017 Results …” published on June 30, 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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