Oppenheimer analyst Colin Rusch maintained a Hold rating on 8point3 Energy (NASDAQ: CAFD) yesterday. The company’s shares closed last Tuesday at $12.42.
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 16.2% and a 49.0% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
Currently, the analyst consensus on 8point3 Energy is a Hold with an average price target of $13.
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8point3 Energy’s market cap is currently $348.9M and has a P/E ratio of 17.01. The company has a Price to Book ratio of 1.36.
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8point3 Energy Partners LP operates and acquires solar energy generation projects. The company projects include Maryland Solar, Lost Hills Blackwell, RPU, North Star Solar, Residential, Solar Gen 2, UC Davis, Macy’s, Kern County School and Quinto. 8point3 Energy Partners was founded on March 3, 2015 and is headquartered in San Jose, CA.
