Why 8point3 Energy Partners (CAFD) Could Be Positioned For A Surge

8point3 Energy Partners LP (NASDAQ:CAFD) is an owner and operator of solar energy generation projects that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CAFD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that 8point3 Energy Partners could be a solid choice for investors.

Current Quarter Estimates for CAFD

In the past 30 days, five estimates have gone higher for 8point3 Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 55 cents a share 30 days ago, to 68 cents today, a move of 23.6%.

Current Year Estimates for CAFD

Meanwhile, 8point3 Energy’s current year figures are also looking quite promising, with three estimates have moved in each direction during the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from 91 cents per share 30 days ago to 99 cents per share today, an increase of 8.8%.

8point3 Energy Partners LP Price and Consensus

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