8point3 Energy Partners is a partnership that owns, operates and acquires solar energy generation projects. At Nov 30 2017, Co.'s portfolio of solar energy projects (Portfolio) consisted of interests in 946 megawatt of solar energy projects. At Nov 30 2017, Co. owned interests in 10 utility-scale solar energy projects and four commercial and industrial (C&I) solar energy projects, and a portfolio of residential distributed solar generation assets. Each utility-scale and C&I solar energy project in Co.'s Portfolio sells its energy output under long-term, fixed-price offtake agreements and Co.'s residential portfolios are comprised of solar installations which are leased to homeowners. We show 15 historical shares outstanding datapoints in our CAFD shares outstanding history coverage, used to compute CAFD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CAFD market cap history over the course of time is important for investors
interested in comparing CAFD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CAFD versus a peer is one thing; comparing
CAFD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CAFD can fluctuate over the course of history.
With this page we aim to empower investors researching CAFD by allowing them to research the CAFD market cap history. |
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Video: The Importance of Market Cap
