Credit Suisse Starts 8point3 Energy Partners LP (CAFD) at Underperform

November 18, 2016 7:55 AM EST
Get Alerts CAFD Hot Sheet
Price: $14.24 +0.42%

Rating Summary:
    14 Buy, 1 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Credit Suisse initiates coverage on 8point3 Energy Partners LP (NASDAQ: CAFD) with a Underperform rating and a price target of $12.00.

Analyst A. Hughes commented, "We initiate coverage of 8Point3 Energy Partners (8Point3) with an Underperform rating and $12 target price. Near-term dividend growth is secured by recent acquisitions like Desert Stateline, but we see longer-term risks due to high cost capital, compressing returns for utility-scale solar assets, less certain US policy, and rising interest rates."

For an analyst ratings summary and ratings history on 8point3 Energy Partners LP click here. For more ratings news on 8point3 Energy Partners LP click here.

Shares of 8point3 Energy Partners LP closed at $12.77 yesterday.

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