Zacks Investment Research upgraded shares of Sky Solar Holdings Ltd (NASDAQ:SKYS) from a sell rating to a hold rating in a research note published on Wednesday, July 19th. The brokerage currently has $1.50 price objective on the solar energy provider’s stock.
According to Zacks, “Sky Solar Holdings, Ltd. is a global independent power producer. It develops, owns and operates solar parks. The Company is focused on the downstream solar market and has developed projects in Asia, South America, Europe, North America and Africa. It also sells solar energy systems, including pipelines to utility companies, independent power developers and producers, commercial and industrial companies, and other solar energy system owners. The Company is involved in the engineering design; construction contracting and management; and procurement of PV modules, balance-of-system components, and other components, as well as building and transferring solar parks. Sky Solar Holdings, Ltd. is based in Central, Hong Kong. “
Separately, Roth Capital set a $8.00 price objective on shares of Sky Solar Holdings and gave the stock a buy rating in a report on Thursday, May 18th.
Shares of Sky Solar Holdings (NASDAQ:SKYS) traded up 0.370% during trading on Wednesday, reaching $1.355. The company had a trading volume of 7,944 shares. The firm has a 50-day moving average of $1.45 and a 200-day moving average of $1.86. The company has a market cap of $71.06 million, a P/E ratio of 18.067 and a beta of 1.83. Sky Solar Holdings has a 12-month low of $1.00 and a 12-month high of $5.40.
Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings data on Monday, May 15th. The solar energy provider reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $13.83 million for the quarter. Sky Solar Holdings had a negative return on equity of 23.55% and a negative net margin of 63.18%. On average, equities research analysts anticipate that Sky Solar Holdings will post ($0.03) EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/01/sky-solar-holdings-ltd-skys-lifted-to-hold-at-zacks-investment-research-updated.html.
Sky Solar Holdings Company Profile
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).
Get a free copy of the Zacks research report on Sky Solar Holdings (SKYS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sky Solar Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Solar Holdings Ltd and related companies with MarketBeat.com's FREE daily email newsletter.
