Baird Reiterates Outperform on 8point3 Energy Partners (CAFD) Following 3Q Report

Oppenheimer Remains Bullish Following 8point3 Energy Partners' (CAFD) 3Q Report

September 21, 2016 9:56 AM EDT

Oppenheimer reiterated an Outperform rating and $20.00 price target on 8point3 Energy Partners LP (NASDAQ: CAFD) following the company's 3Q earnings report. CAFD posted 3Q16 revenue of $26.1M, net income of $15.9M, adjusted EBITDA of $32.9M, and CAFD of $24.1M vs. Street estimates of + $23.3M,... More

8point3 Energy Partners (CAFD) Reports In-Line Q3 EPS, Updates Guidance

September 20, 2016 4:15 PM EDT

8point3 Energy Partners (NASDAQ: CAFD) reported Q3 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $26.1 million versus the consensus estimate of $23.24 million.

GUIDANCE:

8point3 Energy Partners sees FY2016 revenue of $60.2-61.3 million, versus the... More

8point3 Energy Partners (CAFD) Will Take Minority Stake in Henrietta Solar Project

September 20, 2016 4:08 PM EDT

8point3 Energy Partners (NASDAQ: CAFD) announced that it has entered into an agreement to acquire SunPower Corp.'s (NASDAQ: SPWR) 49 percent stake in its 102-megawatt (MW) Henrietta solar project for $134 million.

"Our acquisition of SunPower's 49 percent minority... More

Pre-Open Stock Movers 09/20: (TBRA) (CNAT) (WINT) Higher; (ASNA) (MGT) (SEAS) Lower (more...)

September 20, 2016 9:29 AM EDT

Today's Pre-Open Stock Movers

Tobira Therapeutics, Inc. (NASDAQ: TBRA) 603% HIGHER; Allergan plc (NYSE: AGN) and Tobira Therapeutics, Inc. (NASDAQ: TBRA), a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for non-alcoholic steatohepatitis (NASH) and other liver diseases, today announced that they have entered into a definitive agreement under which Allergan will acquire Tobira for an upfront payment of $28.35 per share, in cash, and up to $49.84 per share in Contingent Value Rights... More

After-Hours Stock Movers 09/19: (HDP) (AMPH) (SRPT) Higher; (ASNA) (SEAS) (HNI) Lower (more...)

September 19, 2016 5:55 PM EDT

Today's After-Hours Movers

Ascena Retail Group (NASDAQ: ASNA) 23.8% LOWER; reported Q4 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.77 billion. Comps fell 4%. Ascena Retail Group sees FY2017 EPS of $0.60 - $0.65, versus the consensus of $0.83. Ascena Retail Group sees FY2017 revenue of $6.9 - $7.0 billion, versus the consensus of $7.17 billion.

SeaWorld Entertainment (NYSE: SEAS) 9% LOWER; declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The company expects... More

8point3 Energy Partners (CAFD) Raises Quarterly Dividend 3.5% to $0.2406; 6.5% Yield

September 19, 2016 4:31 PM EDT

8point3 Energy Partners (NASDAQ: CAFD) declared a quarterly dividend of $0.2406 per share, or $0.9624 annualized. This is a 3.5% increase from the prior dividend of $0.2325.

The dividend will be payable on October 14, 2016, to stockholders of record on October 3, 2016, with an ex-dividend date of September 29,... More

Trading Radar for 9/20: Adobe (ADBE), Lennar (LEN), 8point3 Energy (CAFD), KB Home (KBH) Report

September 19, 2016 2:14 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Housing Starts - Street sees 1.186MBuilding Permits - Street sees 1.160M

Earnings:

Lennar Corp. (NYSE:... More