Vetr Downgrades 8Point3 Energy To 2.5 Stars

The Vetr community has downgraded 8Point3 Energy Partners LP CAFD from 3 to 2.5 stars.

Since the start of 2017, 8Point3 has been stuck in a trading range between the $13 and $14.50. Its third-quarter earnings report comes on September 19th, following a disastrous second quarter report that saw a 20 percent miss on EPS.

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Vetr members have given 8Point3 a Sell rating and a $14.12 price target. This price target is lower than the $16.04 price target from professional analysts.

Of all Vetr voters, 44.4 percent believe traders should buy 8Point3 stock.

For Vetr’s full analysis of 8Point3, go here.