- After pricing its 20M-share IPO at the high end of its $19-$21 range, 8point3 Energy (NASDAQ:CAFD) opened at $20.75 and is currently at $20.70, down 1.4%.
- The solar project YieldCo is valued at $1.47B. Given plans for an initial quarterly distribution of $0.2097/share, its forward yield is 4.1%.
- Parents First Solar (FSLR -1.7%) and SunPower (SPWR -2.5%), which respectively own 31.1% and 40.7% post-IPO stakes, are off moderately.
- Prospectus, IPO analysis
- Prior 8point3 coverage