8Point3 Energy Partners LP (NASDAQ:CAFD) recently announced through a definitive proxy statement that it is holding a special meeting for the Class A shareholders along with the Securities and Exchange Commission (SEC). The meeting has been called for voting on the proposal that was announced previously.
The company on February 5, 2018 had made an announcement regarding the Agreement and Plan of Merger and Purchase Agreement (Merger Agreement) among the several enterprising units including Capital Dynamics Clean Energy and Infrastructure V JV, LLC, Capital Dynamics- a group of co-investors and Capital Dynamics, Inc., an equity fund and more.
8Point3 has issued the statement to announce the voting for the above proposal from the Class A shareholders of the company so that a final agreement can be laid out. Shareholders who have any questions regarding the proposal or the agreement can ask them at the meeting scheduled on May 23 2018.
8point3 Energy Partners Announces First Quarter Earnings Report
The company recently announced in its first fiscal quarter report that it has earned a revenue of $10.9 million with a net income of $6.7 million. The CEO of the company, Chuck Boynton seemed pleased with the high-quality solar portfolio of the company that led to its top-class performance and achievement exceeding the financial goals of 8point3 for the first fiscal quarter.
The Board of Directors of 8point 3 Energy Partners have also declared a cash incentive for its Class A shareholders of $0.2802/share for its first quarter business which will be paid on April 13, 2018. The chief financial officer of the company, Bryan Schumaker also voiced out similar feelings as Boynton saying that they are all pleased with the results of the first fiscal quarter as their company portfolio is performing outstandingly as expected. Boynton hoped that with this progress, the company will be in a good position to achieve its financial and operational goals for the second fiscal quarter as well.