Why 8Point3 Energy Partners LP (NASDAQ:CAFD) could be unpopular?


At the close of the recent quarter, 8Point3 Energy Partners LP (NASDAQ:CAFD)‘s balance sheet demonstrated total assets worth $1.64B and debt of 2.2M%. Compared to the previous period, the debt increased/decreased by falling.

8Point3 Energy Partners LP’s total liabilities closing the latest quarter was $768.07M.

Let’s look into the technical of the stock

The Barchart Opinion rating is a Hold. Short term, the outlook is Falling.

The assets that the firm listed at the close of the recent quarter comprised cash balance of 7.01M%. Net operating cash from the previous quarter was $26.07M, resulting in free cash flow of $25.98M. Compared to the previous period, net change in case was $(7.25M).

The cash that 8Point3 Energy Partners LP generated in the previous quarter stemmed from sales of 9.9M%, which increased 0.28%% in the same quarter, a year ago.

It cost 8Point3 Energy Partners LP some $8.99M to generate the sales of 9.9M% reported in the previous quarter as the cost of sales. After discounting the cost of sales in the income computations, 8Point3 Energy Partners LP emerged with gross income of $912,000.

After considering other operating expenses, the firm closed with a net income figure. When that amount divided by the number of outstanding shares it closed up with EPS (earnings per share) of $0.03. For perspective on how 8Point3 Energy Partners LP reached at the EPS figure, shareholders should know that the firm closed the last quarter with diluted due shares of 43.57M.

Wall Street analysts reported investors should anticipate from 8Point3 Energy Partners LP EPS of $0.58 in the next quarter.

In addition to estimating the next quarter?s EPS, market analysts have weighed in on the stock of 8Point3 Energy Partners LP regarding whether shareholders should view it as a SELL, BUY or HOLD. Some 16 analysts have analyzed the stock so far, giving it an average recommendation of Overweight.

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