8point3 Energy Partners LP (CAFD) PT Lowered to $11 at Credit Suisse
Credit Suisse lowered its price target on 8point3 Energy Partners LP (NASDAQ: CAFD) to $11.00 (from $12.00) while maintaining a Underperform rating. 8Point3 and the joint sponsors of its General Partner announced a strategic review of its complex ownership structure. The overhang of a strategic review without a set timetable will likely be difficult on 8Point3 shares near-term.
FSLR's probable exit cuts 8Point3's growth visibility by ~60%. It also delays plans to rationalize a problematic capital structure.