8point3 Energy Partners LP

Company report, featuring a PESTLE, Porters Five Forces, 5C, MOST, CATWOE and SWOT analysis

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Introduction

This report on 8point3 Energy Partners LP is part of a comprehensive analysis of the world’s 10,000 largest companies. It is constantly updated in order to provide the most current information available.

Premium members have access to a wealth of information on 8point3 Energy Partners LP, including a SWOT analysis, PESTLE, 5C analysis, CATWOE, Porters Five Forces, MOST analysis, and more.

In addition to our analytical work, we are also looking for potential new products and services; predicting future market trends; and exploring the potential synergies between 8point3 Energy Partners LP and other organisations.

Company Description

8point3 Energy Partners LP is a publicly traded limited partnership based in San Francisco, California and founded in 2015. The company's main products and services are in the area of solar energy and the acquisition, ownership, and operation of solar energy generation projects. 8point3 Energy Partners LP primarily serves the markets of the US and Canada.

Industry Overview

8point3 Energy Partners LP operates in the renewable energy industry, with a market size of $424 billion in the US alone. The industry employs over 10 million people worldwide, in countries such as the US, China, India, Japan, and Germany. These employees are involved in the installation, operation, and maintenance of renewable energy technology. Additionally, they are responsible for the research and development of new renewable energy technologies, as well as the distribution and sale of renewable energy products.

Industry Classification

In terms of formal classification, Platform Executive has tagged 8point3 Energy Partners LP as a business operating within the Electricity industry.

1. Introduction
2. Company Description
3. Industry Overview
    3.1 Industry Classification
4. Intellectual Property
5. Major Products and Services
6. Key Competitors
7. Stakeholders
8. Value Proposition
9. Customers and Cohorts
10. Competitive Advantages
11. Market Trends
12. Key Performance Indicators
13. Financials (BETA)
    13.1 Highlights
    13.2. Board members
    13.3 Share Performance
    13.4 Income Statement
14. PESTLE Analysis
15. Potential Products/Services
16. Potential Synergies
17. Porter's Five Forces
18. CATWOE Analysis
19. SWOT Analysis
    19.1 Strengths
    19.2 Weaknesses
    19.3 Opportunities
    19.4 Threats
20. 5C Analysis
21. MOST Analysis
22. Innovation Scorecard
23. Appendices

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Intellectual Property

Some of the Patents granted to, or relevant to the organisation include the following:

Patent Title: Method and apparatus of making a distributed solar array
Patent ID: US9471516
Date: October 11, 2016.

Patent Title: Method and apparatus for mounting a solar panel on a support structure
Patent ID: US9445106
Date: September 6, 2016.

Patent Title: Photovoltaic mounting system
Patent ID: US9417757
Date: August 9, 2016.

Patent Title: Photovoltaic mounting system
Patent ID: US9373637
Date: June 14, 2016.

Patent Title: Method and apparatus of making a distributed solar array
Patent ID: US9344629
Date: May 24, 2016.

Patent Title: Solar photovoltaic panel mounting system
Patent ID: US9314072
Date: April 19, 2016.

Patent Title: Photovoltaic mounting system
Patent ID: US9272437
Date: March 8, 2016.

Patent Title: Solar photovoltaic panel mounting system
Patent ID: US9146971
Date: October 20, 2015.

Patent Title: Method and apparatus of making a distributed solar array
Patent ID: US9140977
Date: October 13, 2015.

Patent Title: Photovoltaic mounting system
Patent ID: US9099261
Date: August 18, 2015.

Patent Title: Solar photovoltaic panel mounting system

Major Products & Services

The main products and/or services commercialised by this business include the following:

Renewable Energy Operating Partnerships: 8point3 Energy Partners LP owns, operates and acquires solar energy projects.
Solar Energy Project Development: 8point3 Energy Partners LP provides development services for solar energy projects.
Solar Energy Financing: 8point3 Energy Partners LP provides financing for solar energy projects.
Solar Energy Asset Management: 8point3 Energy Partners LP provides asset management services for solar energy projects.
Solar Energy Project Maintenance: 8point3 Energy Partners LP provides maintenance and repair services for solar energy projects.
Solar Energy Technology: 8point3 Energy Partners LP provides technology services and solutions for solar energy projects.

Key Competitors

We have identified the following organisations as being key competitors:

Pattern Energy Group Inc
sPower
Brookfield Renewable Partners LP
TerraForm Global
NextEra Energy Partners LP
Invenergy LLC
SunPower Corporation
First Solar Inc
Enel Green Power North America Inc
NRG Energy Inc

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Key Stakeholders

Stakeholders are individuals or groups who have an interest in a business and/or are affected by its actions.

These stakeholders can have different requirements and expectations from the business, which must be taken into account when making decisions.

By understanding their stakeholders’ requirements, a business can make informed decisions that benefit all involved.

Below is the list of internal and external stakeholders we have identified for this business:

1. Plains All American Pipeline, L.P. (PAA) – Parent company and majority shareholder of Plains GP Holdings, L.P.

2. Unitholders – Investors who have purchased units of Plains GP Holdings, L.P.

3. Customers – Companies that purchase and store crude oil and natural gas for transportation.

4. Employees – People who work for Plains GP Holdings, L.P. and its subsidiaries.

5. Suppliers – Companies that provide goods and services to Plains GP Holdings, L.P. and its subsidiaries.

6. Regulatory Agencies – Government entities that regulate the activities of Plains GP Holdings, L.P. and its subsidiaries.

7. Community – Local businesses and residents who are impacted by the operations of Plains GP Holdings, L.P. and its subsidiaries.

Value Proposition

A value proposition explains the unique value and/or benefits that an organisation provides to its customers, partners, stakeholders and the overall market. It outlines what makes a company like 8point3 Energy Partners LP different from its competitors, along with what it can offer that key competitors cannot.

A corporate value proposition can be used with the competitive advantages section of this report in order to better understand 8point3 Energy Partners LP and its position within the marketplace.

The value proposition for 8point3 Energy Partners LP is to provide renewable energy solutions to customers in the Midwest. The company offers a variety of products and services, including solar, wind, and energy storage. 8point3 Energy Partners LP also offers consultation and financing options to its customers.

Competitive Advantages

Competitive advantages are unique attributes, strategies, resources, or capabilities that allow an organisation to outperform its competitors and achieve superior market position and profitability.

Competitive advantages for the business include the following:

High-Quality Energy Assets: 8point3 Energy Partners LP has a portfolio of high-quality energy assets that are well-positioned to generate strong cash flows. The portfolio consists of solar projects developed and operated by First Solar, Inc., one of the world’s leading solar energy providers.

Best-in-Class Management: 8point3 Energy Partners LP is managed by a team of experienced energy industry professionals with extensive experience in the solar energy industry.

Access to Capital Markets: 8point3 Energy Partners LP has the financial strength to access the capital markets to fund new projects and acquisitions.

Diversified Revenue Stream: 8point3 Energy Partners LP has a diversified revenue stream from several sources, including long-term power purchase agreements, utility interconnection agreements, and tax equity investments.

Long-Term Contracts: 8point3 Energy Partners LP has long-term contracts in place for the majority of its projects, providing stability and predictability of cash flows.

Attractive Investment Profile: 8point3 Energy Partners LP has an attractive investment profile with a strong dividend yield and steady cash flows.

Customers & Cohorts

As part of this competitive intelligence study, we have identified the main customers of the organisation.

These include the following cohorts:

Utilities
Commercial and Industrial Customers
Government Entities
Education Institutions
Non-Profit Organisations
Agribusiness
Small Businesses
Residential Customers

Market Trends

Market trends can impact an organisation by influencing consumer behavior, altering supply and demand dynamics, and affecting the organisation's ability to remain competitive in the market.

As part of this study, we have identified a number of potential short-term to medium-term trends that could impact the organisation. These include the following:

Technological Advancements: Technology is advancing rapidly and this could have a major impact on 8point3 Energy Partners LP over the coming years. New technologies, such as solar and wind energy, are becoming increasingly popular and cost-effective, and could significantly reduce the demand for traditional energy sources. Additionally, the development of new energy storage technologies could make renewable energy sources more practical and efficient.

Growing Demand for Renewable Energy: As governments and businesses increasingly focus on reducing their carbon footprint, the demand for renewable energy sources is growing. This shift towards renewable energy sources could have a major impact on 8point3 Energy Partners LP, as it is heavily invested in traditional energy sources.

Increasing Competition: The energy industry is becoming increasingly competitive, as new players enter the market and established players expand their products and services. This could have a significant impact on 8point3 Energy Partners LP, as it may find itself competing against larger, more established players.

Regulatory Changes: Changes in government regulations and policies could have a major impact on 8point3 Energy Partners LP. For example, changes to subsidies and tax credits could affect the company’s profitability and ability to compete in the market. Additionally, new environmental regulations could lead to increased costs.

Key Performance Indicators

Below is a list of KPI's that we have identified as being strategically relevant to this organisation:

Financials (BETA)

The key financials for 8point3 Energy Partners LP include income statements, which can be found in their annual reports. These financial statements provide information on the organisation's financial performance and health, including revenue, expenses, and profits. This information, along with other indicators are used by investors, analysts and other stakeholders to evaluate the company's performance and future prospects.

Where a financial does not match, we have included those of the parent company (if a listed entity). If the financials are missing please contact us and we will prioritise the update.

Key Personnel

Income Statement

Highlights

Top-level corporate stats and financial highlights for the listed entity, include:

Share Performance

Below is the current (EOD) share performance for the company, or its listed parent:

Potential Products/Services

As part of this study we have attempted to prognosticate potential products and/or services this organisation could develop in the short to medium-term.

Solar panel installation and maintenance services.

Solar energy storage solutions.

Solar-powered water pumping services.

Solar-powered electric vehicle charging stations.

Solar energy consulting services.

Solar project financing services.

Consumer solar education and marketing services.

Solar energy research and development services.

Solar energy system monitoring and analytics services. 10. Solar energy asset management services.

Potential Synergies

Using our product and portfolio-matching algorithm, we have determined that the following organisations have potential synergies with the company:

1. SunPower Corporation
2. First Solar, Inc.
3. Vivint Solar, Inc.
4. NRG Energy, Inc.
5. SolarCity Corporation
6. AES Corporation
7. Duke Energy Corporation
8. Southern Company
9. Dominion Energy, Inc.
10. NextEra Energy, Inc.

Porter's Five Forces

Created by Harvard Business School Professor Michael Porter in 1979, Porter's Five Forces model is designed to help analyse the particular attractiveness of an industry; evaluate investment options; and better assess the competitive environment.

The five forces are as follows:

Competitive rivalry
Supplier power
Buyer power
Threat of substitution
Threat of new entries

The Porters 5 forces for 8point3 Energy Partners LP are:

1. Threat of new entrants: LOW. 8point3 Energy Partners LP has a very LOW threat of new entrants. The company has a large market share and has a strong brand recognition. Additionally, the company has a very efficient production process and has a HIGH barrier to entry.

2. Threat of substitutes: MEDIUM. 8point3 Energy Partners LP has a MEDIUM threat of substitutes. The company has a large market share, but there are many other companies that offer similar products and services. Additionally, the company's products are not unique and there are many substitutes available.

3. Bargaining power of buyers: HIGH. 8point3 Energy Partners LP has a HIGH bargaining power of buyers. The company has a large market share, but there are many other companies that offer similar products and services. Additionally, the company's products are not unique and there are many substitutes available.

4. Bargaining power of suppliers: MEDIUM. 8point3 Energy Partners LP has a MEDIUM bargaining power of suppliers. The company has a large market share, but there are many other companies that offer similar products and services. Additionally, the company's products are not unique and there are many substitutes available.

5. Competitive rivalry: HIGH. 8point3 Energy Partners LP has a HIGH competitive rivalry. The company has a large market share, but there are many other companies that offer similar products and services. Additionally, the company's products are not unique and there are many substitutes available.

PESTLE Analysis

This PESTLE analysis is a strategic planning tool that assesses key external factors affecting the organisation, including the following:

Political
Economic
Social
Technological
Legal
Environmental

Each of these factors is analysed to determine their impact on the organisations strategy, objectives, and operations.

By utilising a PESTLE analysis, the organisation can make better decisions and develop strategies to address potential risks and opportunities.

CATWOE Analysis

The CATWOE analysis is used to investigate each stakeholders perspectives in order to enable the business to make informed decisions.

The CATWOE analysis is a problem-solving tool consisting of six elements:

Customers
Actors
Transformation process
World view
Owners
Environmental constraints

We view the CATWOE as being most useful when used in conjunction with other problem-solving tools such as a SWOT analysis.

Customers: 8point3 Energy Partners LP (8point3) is a publicly traded limited partnership, focused on the development, construction, ownership, and operation of utility-scale solar energy projects. Its customers include power utilities and large companies that have committed to transitioning to renewable energy sources.

Actors: 8point3’s primary actors are its management team, which is responsible for identifying, developing, and managing its solar projects. It also works with project developers and contractors to build, finance, and operate its solar projects.

Transformation process: 8point3’s transformation process begins with the identification of potential solar projects. Once identified, 8point3 works with developers and contractors to develop, finance, and build the projects. Once completed, 8point3 manages the projects and provides the energy produced to its customers.

World view: 8point3 believes in the potential of solar energy to provide a clean, sustainable, and reliable source of energy. The company also believes that solar energy can reduce the environmental impact of energy production and contribute to a healthier world.

Owners: 8point3 is a publicly traded limited partnership, which is jointly owned by First Solar, Inc. and SunPower Corporation.

Environmental constraints: 8point3’s solar projects are subject to a variety of environmental constraints, including local, state, and federal regulations related to air and water quality, land use, and wildlife protection. The company must also take into account the local climate and weather patterns when developing and constructing its projects.

SWOT Analysis

This SWOT analysis is a strategic planning tool used to assess the strengths, weaknesses, opportunities and threats of the 8point3 Energy Partners LP business.

When creating this SWOT the team at Platform Executive have taken into consideration the corporate strategy; brand; key financials; the competitive landscape; along with the products and/or services offered.

To offer increased context for future innovation and product development we also consider the historical context for the business and industry; and perceived direction of travel.

Upon researching the company, we have uncovered a number of strategic and operational strengths, weaknesses, opportunities and threats.

Strengths

Below is a list of the strengths we have identified for the business:

1. 8point3 Energy Partners LP has a strong focus on operational efficiency and has a proven track record of delivering results.

2. The company has a diversified portfolio of quality assets, providing stability and growth potential.

3. 8point3 Energy Partners LP has a strong commitment to safety and environmental stewardship.

4. The company has a strong team of experienced professionals with a deep understanding of the energy industry.

Opportunities

Below is a list of opportunities we have identified for the business:

1. Increase the focus on renewable energy infrastructure investments. 8point3 Energy Partners LP should strive to increase its investments in renewable energy projects, such as solar, wind, and hydroelectric, in order to meet the increasing demand for clean energy. This can be done by leveraging the expertise of their parent companies, First Solar and SunPower Corporation, to increase their investments in renewable energy projects.

2. Improve the cost structure of 8point3 Energy Partners LP. 8point3 Energy Partners LP should focus on reducing the operating costs associated with its investments by streamlining processes, increasing operational efficiency, and leveraging new technologies. This can be done by leveraging the resources of their parent companies to identify cost savings opportunities, as well as by investing in new technologies that will reduce operational costs.

3. Pursue new strategic partnerships. 8point3 Energy Partners LP should explore opportunities to form strategic partnerships with other renewable energy companies. This can be done by leveraging the expertise of their parent companies, First Solar and SunPower Corporation, to establish partnerships with other renewable energy companies in order to diversify their investments and expand their reach.

4. Increase the focus on providing financing solutions. 8point3 Energy Partners LP should focus on providing innovative financing solutions for renewable energy projects. This can be done by leveraging the financial resources of their parent companies to develop financing solutions for renewable energy projects, such as tax equity financing and debt financing. This will help to increase the availability of financing for renewable energy projects and help to reduce the cost of financing.

Weaknesses

Below is a list of the weaknesses we have identified for the business:

1. Lack of Diversification: 8point3 Energy Partners LP (NASDAQ:CAFD) is a pure-play solar energy company. This lack of diversification means that the company is more susceptible to changes in the solar industry.

2. High Costs: The company’s high costs make it difficult to compete with other renewable energy companies.

3. Limited Scale: 8point3 Energy Partners LP (NASDAQ:CAFD) is a relatively small company. This limits its ability to compete against larger renewable energy companies.

4. Dependence on Subsidies: The company is heavily dependent on government subsidies, which may not be available in the future.

Threats

Below is a list of the threats we have identified for the business:

1. Low natural gas and renewable energy prices: Low natural gas and renewable energy prices can reduce the profitability of 8point3 Energy Partners LP.

2. Increased competition: 8point3 Energy Partners LP faces increased competition from other renewable energy companies that are entering the market. This can reduce the company's market share and limit its growth opportunities.

3. Regulatory changes: Changes in regulations can have a significant impact on 8point3 Energy Partners LP. For example, changes in the renewable energy tax credits could reduce the return on investments.

4. Political uncertainty: Political uncertainty can also have an impact on 8point3 Energy Partners LP. For example, changes in government policies could reduce the demand for renewable energy, which would have an adverse effect on the company's profitability.

5C Analysis

The 5C Analysis is a marketing framework that can be used to provide insight into the key drivers of success, as well as the risk exposure to various environmental factors.

This (concise) 5C analysis examines the external and internal environment for 8point3 Energy Partners LP. It includes analysing the company's customers, competitors, collaborators, context, and capabilities. We have produced this short analysis to identify potential opportunities and threats to 8point3 Energy Partners LP, as well as areas where the company needs to improve its operations or strategy.

Company: 8point3 Energy Partners LP is a publicly traded limited partnership formed by two of the leading renewable energy companies in the United States, SunPower Corporation and First Solar, Inc. The company’s mission is to provide investors with a low-risk, tax-advantaged investment in renewable energy assets.

Collaborators: 8point3 Energy Partners works closely with its two parent companies, SunPower Corporation and First Solar, Inc., to develop and operate solar energy projects across the United States. The company also works with local and national governments, utilities, and other stakeholders to ensure the successful development of these projects.

Customers: 8point3 Energy Partners’ customers include utilities, government agencies, and corporations that purchase the electricity generated by the company’s solar energy projects.

Competitors: 8point3 Energy Partners’ competitors include other publicly traded renewable energy companies, such as NRG Energy, Inc., TerraForm Power, Inc., and Pattern Energy Group Inc.

Content: 8point3 Energy Partners is engaged in the development, construction, ownership, and operation of solar energy projects throughout the United States. The company currently has a portfolio of 818 megawatts of solar energy projects located in eight states. 8point3 Energy Partners has a long-term focus on creating value for its investors through the acquisition, construction, and operation of renewable energy assets.

MOST Analysis

The MOST analysis framework is commonly used to identify an organisation's strategic goals, assess its strengths and weaknesses, and develop a plan to achieve its objectives. This analysis helps organisations to focus on what they want to achieve and how to achieve it, while also identifying potential roadblocks or obstacles that may arise along the way.

Mission
Objectives
Strategy
Tactics

We have created this analysis from a 3rd person perspective.

Innovation Scorecard

As part of our research and analysis activity, the team at Platform Executive assesses and then benchmarks businesses and the industry verticals in which they operate using a proprietary scoring mechanism.

First, we allocate a score of A-E for the industry vertical, gauged on the key organisations operating within the space; and then score the individual business using a 1-5 score.

A score of D-E within an industry means that it is potentially ripe to be disrupted by a new entrant into the marketplace; and/or vulnerable to technological change.

Likewise, a high score of 4-5 for the company in question indicates that in the view of the analysis team it lags behind notable businesses in terms of innovation and product pipeline.

Below is a guide to each score:

Industry score:

A	The industry is amongst the most innovative; with the leading players all driving the sector forward. Example industry: PaaS
B	The industry and its leading players have a good track record of innovation; and can quickly react to change. Example industry: Pharmaceutical
C	Companies operating within the sector have adequate levels of innovation; and engage in R&D activities when appropriate. Example industry: FMCG
D	Businesses operating in the industry do not invest enough time and resource into innovation. The sector is stagnant and a good candidate for disruption. Example industry: Retail Banking
E	The major players in the sector seem to lack suitable product development roadmaps; and as a result the sector is highly vulnerable to industry change. Example industry: Publishing

Company score:

1	The business is amongst the leading players in terms innovation and product pipeline. This will fulfil and reinforce the operations of the business in the medium to long-term.
2	The business has a good track record of innovation, in terms of its products and/or its business model. It is therefore more likely to be able to react and adapt to any changes to the industry.
3	The business is deemed to have an adequate innovation plan, build on research and development and sustainability where appropriate. The business has a product development strategy.
4	The business needs to invest more resource and/or intellectual capital in product development, pipelines and/or its business model. The business is at risk of stagnation.
5	The business seems to lack a suitable product development roadmap; and as a result is vulnerable to any notable industry change and/or new entrants in the marketplace.

The team at Platform Executive has judged 8point3 Energy Partners LP as having an innovation score of B3.

Appendices

The appendices section of this report contains supplementary information that the team at Platform Executive deems helpful in providing a more comprehensive understanding of the report's contents.

This information is not considered an essential part of the study but serves as a useful supplement to the main text.

Methodology

This study on 8point3 Energy Partners LP forms part of our series of competitive intelligence reports, which focuses on 10,000 of the largest corporates.

The information and data included are updated on a timely schedule to ensure that our Premium members receive the most up to date information .

The report is based on information and learning from the following sources:

Corporate websites
Proprietary research databases
SEC Filings
Corporate press releases
News articles
Financial data API's
Product-matching algorithm

Further Information

Premium members: If you cannot find the desired information or data set for the business you are researching then please reach out to our research and analysis team. We can tailor reports to meet your requiremnents, with a fast turnaround time.

If you require a bespoke study on a particular industry vertical, or marketplace we may also be able to help.

Disclaimer

Reproduction of the content produced in this report is prohibited without the prior permission of the publisher, Platform Executive Pty Ltd.

The facts of this report have been gathered in good faith from both primary and secondary sources. It is believed to be correct at the time of publication, but cannot be guaranteed. As such Platform Executive can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.

Changelog

Premium members: To request a priority update to this report, please contact us. Our standard turnaround time is normally 48 hours.

The changelog for this report can be found below, complete with the next scheduled update:

v1.1: Initial load of report
Date: 1st March 2023

Key Financials added (BETA)
Date: 17th March 2023

Next scheduled update: 25th April 2023

Industry Keywords

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