Sky Solar Holdings, Ltd. (NASDAQ:SKYS) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Sky Solar Holdings’ rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $3.15 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Sky Solar Holdings an industry rank of 114 out of 265 based on the ratings given to its competitors.
Several brokerages recently commented on SKYS. Roth Capital set a $8.00 target price on Sky Solar Holdings and gave the stock a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research cut Sky Solar Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Sky Solar Holdings (NASDAQ SKYS) remained flat at $1.39 during mid-day trading on Thursday. 35,330 shares of the company were exchanged. Sky Solar Holdings has a 1-year low of $1.00 and a 1-year high of $5.40. The company’s 50 day moving average price is $1.73 and its 200-day moving average price is $1.99. The company has a market capitalization of $72.90 million, a price-to-earnings ratio of 18.53 and a beta of 1.83.
Sky Solar Holdings (NASDAQ:SKYS) last issued its earnings results on Monday, May 15th. The solar energy provider reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.09. Sky Solar Holdings had a negative return on equity of 2.47% and a net margin of 4.72%. The business had revenue of $13.83 million during the quarter. Equities analysts expect that Sky Solar Holdings will post ($0.03) EPS for the current fiscal year.
About Sky Solar Holdings
Sky Solar Holdings, Ltd. is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company focuses on the downstream solar market and develops projects primarily in Asia, South America, Europe and North America. Its subsidiaries are engaged in activities, such as selling electricity generated from solar parks owned by the Company as IPP; pipeline (including obtaining permits required for solar power projects and sourcing of solar modules), and providing engineering, procurement and construction (EPC) services ; providing operating and maintenance (O&M) services for solar parks; sales of solar modules, and building and transferring of solar parks (BT).
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