ROTH Capital: Keep Buying 8Point3

Shares of 8Point3 Energy are down 41.7 percent from their opening share price following the solar company’s summer IPO back in June. However, ROTH Capital Partners maintains its positive outlook for the stock. In a new report, analyst Philip Shen explained why he believes traders should be buying the dip.

Liquidity Concerns

Shen believes the majority of the selling pressure has been due to investors’ growing concerns over the company’s liquidity and its ability to maintain distributions without issuing equity. According to Shen, 8Point3’s recent better-than-expected guidance indicates that liquidity should not be a concern at least through the first half of 2016.

Portfolio

With liquidity not an immediate concern, Shen explained…

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