UPDATE: Oppenheimer Downgrades 8point3 Energy Partners LP (CAFD) to Perform

(updated to add analyst comment)

Oppenheimer downgraded 8point3 Energy Partners LP (NASDAQ: CAFD) from Outperform to Perform.

Analyst Colin Rusch comments "We believe SPWR may be able to find a partner that is more closely aligned with the goals of CAFD and brings additional strategic resources to support growth. But, given the uncertainty around the strategic trajectory of the platform and the board’s willingness to let the parent companies explore alternatives for project asset sales away from CAFD and uncertainty around growth after FY17, we step to the sidelines."

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 $13.21 yesterday.

You May Also Be Interested In

• JPMorgan Downgrades SIMPAR SA (SIMH3:BZ) to Neutral
• UBS Starts Jiangsu Etern (600105:CH) at Buy
• FactSet Research Systems (FDS) PT Raised to $210 at Wells Fargo