Intrinsic value of 8Point3 Energy Partners - CAFD

Previous Close

$14.13

  Intrinsic Value

$31.99

stock screener

  Rating & Target

str. buy

+126%

  Value-price divergence*

+5000%

Previous close

$14.13

 
Intrinsic value

$31.99

 
Up/down potential

+126%

 
Rating

str. buy

 
Value-price divergence*

+5000%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CAFD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  454.55
  42.90
  39.11
  35.70
  32.63
  29.87
  27.38
  25.14
  23.13
  21.31
  19.68
  18.21
  16.89
  15.70
  14.63
  13.67
  12.80
  12.02
  11.32
  10.69
  10.12
  9.61
  9.15
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
  6.98
  6.79
Revenue, $m
  61
  87
  121
  165
  218
  283
  361
  452
  556
  675
  808
  955
  1,116
  1,291
  1,480
  1,683
  1,898
  2,126
  2,367
  2,620
  2,885
  3,162
  3,452
  3,753
  4,067
  4,393
  4,732
  5,085
  5,451
  5,832
  6,227
Variable operating expenses, $m
 
  40
  56
  76
  100
  130
  166
  207
  255
  310
  371
  438
  512
  593
  679
  772
  871
  976
  1,086
  1,203
  1,324
  1,452
  1,584
  1,723
  1,867
  2,016
  2,172
  2,334
  2,502
  2,677
  2,858
Fixed operating expenses, $m
 
  22
  22
  23
  23
  24
  24
  25
  26
  26
  27
  28
  28
  29
  30
  30
  31
  32
  33
  34
  34
  35
  36
  37
  38
  39
  40
  41
  42
  43
  44
Total operating expenses, $m
  39
  62
  78
  99
  123
  154
  190
  232
  281
  336
  398
  466
  540
  622
  709
  802
  902
  1,008
  1,119
  1,237
  1,358
  1,487
  1,620
  1,760
  1,905
  2,055
  2,212
  2,375
  2,544
  2,720
  2,902
Operating income, $m
  22
  26
  44
  66
  95
  130
  171
  219
  275
  339
  410
  489
  576
  670
  771
  880
  996
  1,118
  1,248
  1,384
  1,526
  1,676
  1,831
  1,993
  2,162
  2,338
  2,520
  2,710
  2,907
  3,112
  3,325
EBITDA, $m
  45
  58
  89
  128
  177
  236
  307
  390
  485
  593
  714
  849
  996
  1,156
  1,329
  1,514
  1,711
  1,920
  2,140
  2,371
  2,614
  2,867
  3,132
  3,408
  3,695
  3,993
  4,303
  4,626
  4,961
  5,309
  5,672
Interest expense (income), $m
  12
  13
  30
  50
  77
  110
  149
  197
  252
  316
  389
  470
  560
  658
  765
  881
  1,004
  1,136
  1,275
  1,423
  1,577
  1,739
  1,908
  2,085
  2,269
  2,461
  2,660
  2,868
  3,083
  3,307
  3,539
Earnings before tax, $m
  13
  12
  14
  16
  18
  20
  21
  23
  23
  23
  21
  19
  16
  11
  6
  -1
  -9
  -18
  -28
  -39
  -51
  -64
  -77
  -92
  -107
  -123
  -140
  -158
  -176
  -195
  -214
Tax expense, $m
  18
  3
  4
  4
  5
  5
  6
  6
  6
  6
  6
  5
  4
  3
  2
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  27
  9
  10
  12
  13
  15
  16
  16
  17
  17
  16
  14
  12
  8
  4
  -1
  -9
  -18
  -28
  -39
  -51
  -64
  -77
  -92
  -107
  -123
  -140
  -158
  -176
  -195
  -214

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  14
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,335
  1,895
  2,636
  3,577
  4,744
  6,161
  7,848
  9,821
  12,093
  14,670
  17,558
  20,756
  24,263
  28,073
  32,181
  36,580
  41,264
  46,225
  51,458
  56,958
  62,722
  68,748
  75,037
  81,589
  88,409
  95,502
  102,876
  110,539
  118,502
  126,777
  135,379
Adjusted assets (=assets-cash), $m
  1,321
  1,895
  2,636
  3,577
  4,744
  6,161
  7,848
  9,821
  12,093
  14,670
  17,558
  20,756
  24,263
  28,073
  32,181
  36,580
  41,264
  46,225
  51,458
  56,958
  62,722
  68,748
  75,037
  81,589
  88,409
  95,502
  102,876
  110,539
  118,502
  126,777
  135,379
Revenue / Adjusted assets
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
  0.046
Average production assets, $m
  605
  864
  1,202
  1,631
  2,163
  2,809
  3,578
  4,477
  5,513
  6,688
  8,004
  9,462
  11,060
  12,797
  14,670
  16,676
  18,811
  21,072
  23,458
  25,965
  28,592
  31,340
  34,206
  37,193
  40,302
  43,536
  46,897
  50,390
  54,020
  57,793
  61,714
Working capital, $m
  8
  -6
  -8
  -11
  -14
  -19
  -24
  -30
  -37
  -45
  -53
  -63
  -74
  -85
  -98
  -111
  -125
  -140
  -156
  -173
  -190
  -209
  -228
  -248
  -268
  -290
  -312
  -336
  -360
  -385
  -411
Total debt, $m
  386
  845
  1,440
  2,195
  3,133
  4,271
  5,625
  7,210
  9,034
  11,103
  13,422
  15,990
  18,806
  21,866
  25,164
  28,697
  32,458
  36,442
  40,644
  45,060
  49,689
  54,528
  59,577
  64,839
  70,315
  76,011
  81,932
  88,086
  94,480
  101,125
  108,033
Total liabilities, $m
  1,063
  1,522
  2,117
  2,872
  3,810
  4,948
  6,302
  7,887
  9,711
  11,780
  14,099
  16,667
  19,483
  22,543
  25,841
  29,374
  33,135
  37,119
  41,321
  45,737
  50,366
  55,205
  60,254
  65,516
  70,992
  76,688
  82,609
  88,763
  95,157
  101,802
  108,710
Total equity, $m
  272
  373
  519
  705
  935
  1,214
  1,546
  1,935
  2,382
  2,890
  3,459
  4,089
  4,780
  5,530
  6,340
  7,206
  8,129
  9,106
  10,137
  11,221
  12,356
  13,543
  14,782
  16,073
  17,417
  18,814
  20,267
  21,776
  23,345
  24,975
  26,670
Total liabilities and equity, $m
  1,335
  1,895
  2,636
  3,577
  4,745
  6,162
  7,848
  9,822
  12,093
  14,670
  17,558
  20,756
  24,263
  28,073
  32,181
  36,580
  41,264
  46,225
  51,458
  56,958
  62,722
  68,748
  75,036
  81,589
  88,409
  95,502
  102,876
  110,539
  118,502
  126,777
  135,380
Debt-to-equity ratio
  1.419
  2.260
  2.770
  3.120
  3.350
  3.520
  3.640
  3.730
  3.790
  3.840
  3.880
  3.910
  3.930
  3.950
  3.970
  3.980
  3.990
  4.000
  4.010
  4.020
  4.020
  4.030
  4.030
  4.030
  4.040
  4.040
  4.040
  4.050
  4.050
  4.050
  4.050
Adjusted equity ratio
  0.195
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197
  0.197

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  27
  9
  10
  12
  13
  15
  16
  16
  17
  17
  16
  14
  12
  8
  4
  -1
  -9
  -18
  -28
  -39
  -51
  -64
  -77
  -92
  -107
  -123
  -140
  -158
  -176
  -195
  -214
Depreciation, amort., depletion, $m
  23
  33
  46
  62
  82
  107
  136
  170
  210
  254
  304
  360
  421
  487
  558
  634
  715
  801
  892
  987
  1,087
  1,192
  1,301
  1,414
  1,532
  1,655
  1,783
  1,916
  2,054
  2,197
  2,347
Funds from operations, $m
  56
  42
  56
  74
  95
  121
  152
  187
  226
  271
  320
  374
  432
  495
  562
  633
  707
  784
  864
  949
  1,037
  1,128
  1,223
  1,322
  1,425
  1,532
  1,643
  1,758
  1,878
  2,003
  2,132
Change in working capital, $m
  1
  -2
  -2
  -3
  -4
  -4
  -5
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -12
  -13
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
  -22
  -23
  -24
  -25
  -26
Cash from operations, $m
  55
  43
  58
  77
  99
  126
  157
  193
  233
  279
  329
  384
  443
  507
  575
  647
  721
  799
  880
  965
  1,054
  1,146
  1,242
  1,342
  1,446
  1,554
  1,665
  1,782
  1,902
  2,028
  2,158
Maintenance CAPEX, $m
  0
  -23
  -33
  -46
  -62
  -82
  -107
  -136
  -170
  -210
  -254
  -304
  -360
  -421
  -487
  -558
  -634
  -715
  -801
  -892
  -987
  -1,087
  -1,192
  -1,301
  -1,414
  -1,532
  -1,655
  -1,783
  -1,916
  -2,054
  -2,197
New CAPEX, $m
  0
  -259
  -338
  -429
  -532
  -646
  -769
  -899
  -1,035
  -1,175
  -1,316
  -1,458
  -1,598
  -1,737
  -1,873
  -2,005
  -2,135
  -2,262
  -2,385
  -2,507
  -2,628
  -2,747
  -2,867
  -2,987
  -3,109
  -3,234
  -3,361
  -3,493
  -3,630
  -3,772
  -3,921
Cash from investing activities, $m
  -272
  -282
  -371
  -475
  -594
  -728
  -876
  -1,035
  -1,205
  -1,385
  -1,570
  -1,762
  -1,958
  -2,158
  -2,360
  -2,563
  -2,769
  -2,977
  -3,186
  -3,399
  -3,615
  -3,834
  -4,059
  -4,288
  -4,523
  -4,766
  -5,016
  -5,276
  -5,546
  -5,826
  -6,118
Free cash flow, $m
  -217
  -239
  -313
  -398
  -495
  -603
  -719
  -843
  -972
  -1,106
  -1,242
  -1,379
  -1,515
  -1,651
  -1,785
  -1,917
  -2,048
  -2,178
  -2,307
  -2,434
  -2,561
  -2,688
  -2,816
  -2,945
  -3,077
  -3,212
  -3,351
  -3,495
  -3,644
  -3,799
  -3,960
Issuance/(repayment) of debt, $m
  87
  461
  595
  756
  937
  1,138
  1,355
  1,584
  1,824
  2,070
  2,319
  2,568
  2,816
  3,060
  3,299
  3,533
  3,761
  3,984
  4,202
  4,417
  4,628
  4,839
  5,050
  5,262
  5,477
  5,696
  5,921
  6,153
  6,394
  6,645
  6,907
Issuance/(repurchase) of shares, $m
  123
  104
  136
  174
  217
  265
  317
  372
  431
  491
  553
  616
  679
  742
  805
  867
  931
  995
  1,059
  1,122
  1,186
  1,251
  1,316
  1,383
  1,451
  1,521
  1,593
  1,667
  1,745
  1,825
  1,909
Cash from financing (excl. dividends), $m  
  195
  565
  731
  930
  1,154
  1,403
  1,672
  1,956
  2,255
  2,561
  2,872
  3,184
  3,495
  3,802
  4,104
  4,400
  4,692
  4,979
  5,261
  5,539
  5,814
  6,090
  6,366
  6,645
  6,928
  7,217
  7,514
  7,820
  8,139
  8,470
  8,816
Total cash flow (excl. dividends), $m
  -23
  326
  418
  531
  659
  800
  952
  1,114
  1,282
  1,455
  1,630
  1,805
  1,979
  2,151
  2,319
  2,483
  2,644
  2,801
  2,954
  3,105
  3,254
  3,402
  3,550
  3,699
  3,850
  4,004
  4,162
  4,326
  4,495
  4,672
  4,856
Retained Cash Flow (-), $m
  136
  -113
  -146
  -185
  -230
  -279
  -332
  -389
  -447
  -508
  -569
  -630
  -691
  -751
  -809
  -867
  -931
  -995
  -1,059
  -1,122
  -1,186
  -1,251
  -1,316
  -1,383
  -1,451
  -1,521
  -1,593
  -1,667
  -1,745
  -1,825
  -1,909
Prev. year cash balance distribution, $m
 
  12
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  225
  272
  346
  429
  521
  620
  725
  835
  947
  1,061
  1,175
  1,289
  1,400
  1,510
  1,616
  1,713
  1,806
  1,896
  1,983
  2,068
  2,151
  2,234
  2,316
  2,399
  2,484
  2,570
  2,659
  2,751
  2,847
  2,947
Discount rate, %
 
  9.00
  9.45
  9.92
  10.42
  10.94
  11.49
  12.06
  12.66
  13.30
  13.96
  14.66
  15.39
  16.16
  16.97
  17.82
  18.71
  19.65
  20.63
  21.66
  22.74
  23.88
  25.07
  26.33
  27.64
  29.03
  30.48
  32.00
  33.60
  35.28
  37.05
PV of cash for distribution, $m
 
  206
  227
  260
  289
  310
  323
  327
  322
  308
  287
  261
  231
  200
  168
  138
  110
  86
  65
  48
  34
  24
  16
  11
  7
  4
  3
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100
  91.0
  83.6
  77.2
  71.8
  67.1
  63.1
  59.6
  56.5
  53.7
  51.3
  49.2
  47.3
  45.5
  43.9
  42.5
  41.2
  40.0
  38.9
  37.9
  36.9
  36.0
  35.2
  34.4
  33.6
  32.9
  32.3
  31.6
  31.0
  30.4
  29.9

8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. As of November 30, 2016, it owned interests in nine utility-scale solar energy projects; and four commercial and industrial solar energy projects, as well as a portfolio of residential distributed generation solar assets with a total capacity of 642 megawatts. 8point3 General Partner, LLC serves as the general partner of the company. The company was founded in 2015 and is headquartered in San Jose, California.

FINANCIAL RATIOS  of  8Point3 Energy Partners (CAFD)

Valuation Ratios
P/E Ratio 41.4
Price to Sales 18.3
Price to Book 4.1
Price to Tangible Book
Price to Cash Flow 20.3
Price to Free Cash Flow 20.3
Growth Rates
Sales Growth Rate 454.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -100%
Cap. Spend. - 3 Yr. Gr. Rate -100%
Financial Strength
Quick Ratio 7
Current Ratio 0.1
LT Debt to Equity 141.2%
Total Debt to Equity 141.9%
Interest Coverage 2
Management Effectiveness
Return On Assets 1.9%
Ret/ On Assets - 3 Yr. Avg. 1.6%
Return On Total Capital 4%
Ret/ On T. Cap. - 3 Yr. Avg. 2.5%
Return On Equity 7.9%
Return On Equity - 3 Yr. Avg. 4.8%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 88.5%
Gross Margin - 3 Yr. Avg. 94.5%
EBITDA Margin 78.7%
EBITDA Margin - 3 Yr. Avg. -17.9%
Operating Margin 36.1%
Oper. Margin - 3 Yr. Avg. -15.6%
Pre-Tax Margin 21.3%
Pre-Tax Margin - 3 Yr. Avg. -60.2%
Net Profit Margin 44.3%
Net Profit Margin - 3 Yr. Avg. 68.6%
Effective Tax Rate 138.5%
Eff/ Tax Rate - 3 Yr. Avg. 27.1%
Payout Ratio 74.1%

CAFD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CAFD stock intrinsic value calculation we used $61 million for the last fiscal year's total revenue generated by 8Point3 Energy Partners. The default revenue input number comes from 2016 income statement of 8Point3 Energy Partners. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CAFD stock valuation model: a) initial revenue growth rate of 42.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9%, whose default value for CAFD is calculated based on our internal credit rating of 8Point3 Energy Partners, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of 8Point3 Energy Partners.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CAFD stock the variable cost ratio is equal to 45.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $21 million in the base year in the intrinsic value calculation for CAFD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for 8Point3 Energy Partners.

Corporate tax rate of 27% is the nominal tax rate for 8Point3 Energy Partners. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CAFD stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CAFD are equal to 991%.

Life of production assets of 26.3 years is the average useful life of capital assets used in 8Point3 Energy Partners operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CAFD is equal to -6.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $272 million for 8Point3 Energy Partners - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 78.37 million for 8Point3 Energy Partners is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of 8Point3 Energy Partners at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
PCG PG&E 68.98 116.37  str.buy
VSLR Vivint Solar 4.70 1.32  str.sell
RUN SunRun 6.65 1.47  str.sell
TERP TerraForm Powe 13.11 2.07  str.sell
FSLR First Solar 47.77 42.60  hold
NEP NextEra Energy 39.07 14.10  str.sell

COMPANY NEWS

▶ 3 Stocks to Buy With Dividends Yielding More Than 6%   [Aug-17-17 10:37AM  Motley Fool]
▶ This Week in Solar   [Aug-05-17 10:44AM  Motley Fool]
▶ SunPower 2nd qtr loss smaller than expected   [Aug-01-17 04:21PM  Reuters]
▶ 3 Incredibly Cheap High-Yield Dividend Stocks   [Jul-25-17 06:06AM  Motley Fool]
▶ 3 Value Stocks for Smart Investors   [Jul-13-17 01:08PM  Motley Fool]
▶ 3 Top Solar Stocks to Buy Now   [Jul-08-17 11:14AM  Motley Fool]
▶ 5 Utilities That Should Buy a Solar Yieldco   [Jul-07-17 09:04AM  Motley Fool]
▶ 7 Dividend Stocks Increasing Payouts   [Jun-30-17 12:50PM  InvestorPlace]
▶ 8point3 Energy Partners posts 2Q profit   [Jun-29-17 09:39PM  Associated Press]
▶ 8point3 Energy Partners' Dividend Keeps Marching Higher   [Jun-28-17 05:52PM  Motley Fool]
▶ 3 Top Solar Stocks for Smart Investors   [Jun-27-17 09:45AM  Motley Fool]
▶ 3 Top Renewable Energy Stocks   [10:02AM  Motley Fool]
▶ Yieldcos Staging a Surprising Recovery   [Jun-23-17 09:11AM  Motley Fool]
▶ 3 Dividend Stocks for Ambitious Investors   [Jun-14-17 10:36AM  Motley Fool]
▶ 3 High-Yield Dividend Stocks for June   [Jun-07-17 11:09AM  Motley Fool]
▶ 3 Value Stocks for Recent College Graduates   [Jun-02-17 10:38AM  Motley Fool]
▶ Hot Energy Stocks: Yieldcos Making a Quiet Recovery   [May-23-17 06:03PM  Motley Fool]
▶ 3 Dividend Stocks for Thrifty Investors   [May-18-17 09:16AM  Motley Fool]
▶ Is Wall Street Undervaluing Renewable Energy Yieldcos?   [Apr-29-17 09:38AM  Motley Fool]
▶ What is 8point3 Energy Partners Worth?   [Apr-14-17 08:17AM  Motley Fool]
▶ Last Week in Solar   [Apr-09-17 03:35PM  Motley Fool]
▶ First Solar Said to Withdraw From SunPower JV   [Apr-07-17 10:41AM  Investopedia]
▶ Vetr Upgrades 8point3 On Market Uncertainty   [Apr-06-17 04:37PM  Benzinga]
▶ First Solar seeking options to sell its stake in public energy company   [02:50PM  American City Business Journals]
▶ 8point3 Energy Partners posts 1Q profit   [04:18PM  Associated Press]
▶ Solar Energys Dividend King Comes Through Again   [Mar-28-17 10:45AM  Motley Fool]
▶ This Week in Solar   [Mar-27-17 02:29PM  Motley Fool]
▶ 3 Beaten-Up Solar Stocks: Are They Bargains?   [Mar-26-17 06:18AM  at Motley Fool]
▶ The Best Investing Ideas in Solar   [Mar-25-17 09:03AM  at Motley Fool]
▶ Why First Solar's Stock Is Incredibly Cheap   [Mar-23-17 09:03AM  at Motley Fool]
▶ Why TerraForm Power May Not Be the Best Yieldco Today   [Mar-16-17 12:13PM  at Motley Fool]
▶ Your Gut Feeling is Right: 8Point3 Energy Partners is a Buy   [Mar-10-17 11:19AM  at Motley Fool]
▶ 8Point3 Debt Could Pose Problems For First Solar: Axiom   [Mar-07-17 03:37PM  at Barrons.com]
▶ 4 Stocks to Own for the Next Decade   [Feb-28-17 05:16PM  at Motley Fool]
▶ Why Is 8point3 Energy Partners' Yield So High?   [Feb-25-17 02:18PM  at Motley Fool]
▶ Why Investors Should Consider 8point3 Energy Partners   [Feb-22-17 02:21PM  at Motley Fool]
▶ 2 Stocks to Consider to Invest in a Renewable Energy Future   [Feb-19-17 11:17AM  at Motley Fool]
Stock chart of CAFD Financial statements of CAFD
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.