What’s Ahead for 8point3 Energy Partners LP Class A (NASDAQ:CAFD) After Less Shorted Shares?

September 17, 2017 - By Marry Poplack

 What’s Ahead for 8point3 Energy Partners LP Class A (NASDAQ:CAFD) After Less Shorted Shares?

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 stock has “Neutral” rating by Roth Capital on Friday, January 27. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Outperform” rating by FBR Capital on Tuesday, December 20. The firm has “Neutral” rating by Guggenheim given on Thursday, June 15. The firm has “Overweight” rating by JP Morgan given on Monday, July 11. On Friday, January 27 the stock rating was downgraded by Avondale to “Mkt Underperform”. Guggenheim upgraded the shares of CAFD in report on Thursday, January 12 to “Buy” rating. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Neutral” rating by Guggenheim on Wednesday, April 13. The firm has “Underperform” rating by Credit Suisse given on Friday, November 18. Goldman Sachs upgraded the shares of CAFD in report on Wednesday, December 2 to “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Monday, September 11.

More notable recent 8Point3 Energy Partners LP (NASDAQ:CAFD) news were published by: Fool.com which released: “Better Buy: TerraForm Global Inc vs. 8point3 Energy Partners LP” on February 09, 2017, also Seekingalpha.com with their article: “8Point3 Energy Partners Earnings Bombshell: What Investors Need To Know” published on April 07, 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: Fool.com and their article: “Your Gut Feeling Is Right: 8Point3 Energy Partners Is a Buy” published on March 10, 2017 as well as Seekingalpha.com‘s news article titled: “2017 Yieldcos: NextEra Energy Partners And 8Point3 Energy Partners” with publication date: February 16, 2017.

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