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8point3 Energy to sell up to $125M of common stock

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8point3 Energy to sell up to $125M of common stock

8point3 Energy Partners LP may sell up to $125 million of its class A shares through sale agents, according to a Form 8-K filed Jan. 31.

The yieldco may issue the shares from time to time under an equity distribution agreement with Goldman Sachs & Co., Merrill Lynch Pierce Fenner & Smith Inc. and Mizuho Securities USA Inc.

8point3 Energy Partners intends to use the sale proceeds to purchase common units of 8point3 Operating Co. LLC. 8point3 Operating plans to use the net proceeds for general company purpose.