Sky Solar Holdings, Ltd. (SKYS) Given Average Recommendation of “” by Brokerages
Sky Solar Holdings, Ltd. (NASDAQ:SKYS) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Sky Solar Holdings’ rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Brokers have set a 1 year consensus target price 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 assigned Sky Solar Holdings an industry rank of 115 out of 265 based on the ratings given to its competitors.
Several research firms recently commented on SKYS. Roth Capital set a $8.00 price target on Sky Solar Holdings and gave the stock a “buy” rating in a research report on Thursday, May 18th. Zacks Investment Research lowered Sky Solar Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th.
Shares of Sky Solar Holdings (NASDAQ SKYS) traded down 4.26% during midday trading on Tuesday, reaching $1.35. The company had a trading volume of 20,574 shares. The stock has a 50-day moving average of $1.42 and a 200 day moving average of $1.81. The firm has a market capitalization of $70.80 million, a price-to-earnings ratio of 18.00 and a beta of 1.78. Sky Solar Holdings has a 52 week low of $1.00 and a 52 week high of $5.40.
Sky Solar Holdings (NASDAQ:SKYS) last released its quarterly earnings results on Monday, May 15th. The solar energy provider reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The company had revenue of $13.83 million during the quarter. Sky Solar Holdings had a negative return on equity of 2.47% and a net margin of 4.72%. On average, analysts anticipate that Sky Solar Holdings will post ($0.03) earnings per share for the current year.
An institutional investor recently raised its position in Sky Solar Holdings stock. Quentec Asset Management LLC increased its stake in Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 700,963 shares of the solar energy provider’s stock after buying an additional 103,433 shares during the period. Sky Solar Holdings accounts for approximately 0.1% of Quentec Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Quentec Asset Management LLC owned about 1.34% of Sky Solar Holdings worth $1,051,000 at the end of the most recent quarter. 0.35% of the stock is owned by hedge funds and other institutional investors.
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).
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