8 Point 3 Energy (CAFD)

[eFinanceMarkets]

$CAFD 8point3 Energy Partners (NASDAQ:CAFD) agrees to be acquired by P-E firm Capital Dynamics for $12.35/unit; trading is halted.

The companies say the deal for CAFD - formed in 2015 as a joint venture between First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) - represents $977M in equity value and $1.7B in enterprise value.

The Capital Dynamics Clean Energy Infrastructure business invested in 1.1 GW of solar projects in 2017 and is one of the world's largest specialized renewable energy investment managers.

[Gtrading]

So is this now going private?

[Rooster8989]

In sync with my thinking.

https://www.google.com/amp/s/seekingalpha.com/amp/article/4060952-8point3-energy-partners-earnings-bombshell-investors-need-know

[eFinanceMarkets]

First Solar's sale of 8point3 may come at a big discount, analyst says

8point3 Energy (CAFD -9.1%) would fetch a per share valuation of just $9-$10 on the open market, which would represent a ~30% discount to CAFD's closing price yesterday before First Solar's (FSLR) announcement that it was reviewing options for its interests in the company, Axiom Capital's Gordon Johnson says.

The analyst says that without support from FSLR, which accounts for ~50% of CAFD's expected 600 MW of right of first offer dropdowns, there may be a well-founded concern about the yieldco's ability to continue growing; the lower the perceived growth rate of a yieldco, the higher the required dividend yield, and thus the lower the stock's price, according to Johnson.

Johnson, who has a Sell rating and $21 price target on FSLR, says he is not surprised by FSLR's move, suspecting the parent has a desire to avoid having to pull its projects out of CAFD's right of first offer pool as project economics in the U.S. are on the decline.

[nonothing]

Presently paying high dividends. Future is bright

[ValueInvestor15]

8Point3 Energy Partners $CAFD valuation models show stock's overvalued prior to earnings Wednesday:

Fair Value Source

[paulenater]

CAFD, MY RETIREMENT ACCOUNT.

[MilesTeg]

Bit of a move happening here.
Out performing both parent companies of late.

[MilesTeg]

Nice action today.

Good volume, nice movement, I like it.