Baird Remains Bullish on 8point3 Energy Partners (CAFD) Following 1Q Report

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Go back to Baird Remains Bullish on 8point3 Energy Partners (CAFD) Following 1Q Report

8point3 Energy Partners Reports First Quarter 2016 Results

April 6, 2016 4:05 PM EDT

SAN JOSE, Calif., April 6, 2016 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ: CAFD) today announced financial results for its first fiscal quarter ended February 29, 2016.

Recorded Cash Available for Distribution ("CAFD") of $18.3 million, approximately $3 million above Q1 guidance Recently completed acquisitions 50 MW (AC) Hooper project, 40 MW (AC) Kingbird project Declared Q1 2016 distribution of $0.2246 per share, an increase of 3.5 percent over the Q4 2015 distribution Forecasts Q2 2016 distribution of approximately $0.232 per share, an increase of 3.5 percent compared to the Q1 2016... More