The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) is a huge mover today! The stock decreased 1.18% or $0.17 on March 29, hitting $14.27. 8Point3 Energy Partners LP (NASDAQ:CAFD) has declined 8.05% since August 21, 2015 and is downtrending. It has underperformed by 12.32% the S&P500. The move comes after 9 months negative chart setup for the $1.01B company. It was reported on Mar, 30 by Barchart.com. We have $13.56 PT which if reached, will make NASDAQ:CAFD worth $50.50M less.
Out of 12 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 9 rate it “Buy”, 2 “Sell”, while 1 “Hold”. This means 75% are positive. 8point3 Energy Partners LP was the topic in 12 analyst reports since August 12, 2015 according to StockzIntelligence Inc. UBS downgraded the stock on March 10 to “Sell” rating.
According to Zacks Investment Research, “8point3 Energy Partners LP owns, operates and acquires solar energy generation projects primarily in the United States. It serves residential, commercial and industrial customers. 8point3 Energy Partners LP is based in San Jose.”
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