8point3 Energy Partners LP (CAFD) PT Lowered to $11 at Credit Suisse
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8point3 Energy Partners Reports First Quarter 2017 Results
April 5, 2017 4:07 PM EDTSAN JOSE, Calif., April 5, 2017 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ: CAFD) today announced financial results for its first fiscal quarter ended February 28, 2017.
Exceeded Q1 2017 revenue, net loss, Adjusted EBITDA and CAFD guidance Completed acquisition of minority stake in First Solar's Stateline project Declared Q1 2017 distribution of $0.2565 per share, an increase of 3.0 percent over the Q4 2016 distribution Forecasts Q2 2017 distribution of $0.2642 per share, an increase of 3.0 percent compared to the Q1 2017 distribution 2017 financial guidance remains unchanged, reiterates fiscal year 2017 distribution... More