Sky Solar Holdings, Ltd. (SKYS) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) in a research note published on Friday morning. They currently have a $5.00 target price on the solar energy provider’s stock.
Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Sky Solar Holdings from a sell rating to a hold rating and set a $1.50 price target on the stock in a report on Wednesday, July 19th. Roth Capital lowered shares of Sky Solar Holdings from a buy rating to a neutral rating and dropped their price objective for the stock from $8.00 to $1.30 in a research note on Friday, June 16th. Finally, BidaskClub raised shares of Sky Solar Holdings from a strong sell rating to a sell rating in a research note on Friday, August 25th.
Sky Solar Holdings (SKYS) opened at 1.75 on Friday. The company has a market capitalization of $93.02 million, a P/E ratio of 8.45 and a beta of 1.89. Sky Solar Holdings has a 52 week low of $1.00 and a 52 week high of $3.62. The stock’s 50 day moving average is $1.44 and its 200 day moving average is $1.66.
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A hedge fund recently raised its stake in Sky Solar Holdings stock. Quentec Asset Management LLC boosted its position in Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 700,963 shares of the solar energy provider’s stock after purchasing an additional 103,433 shares during the period. Sky Solar Holdings makes up approximately 0.1% of Quentec Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. Quentec Asset Management LLC owned approximately 1.34% of Sky Solar Holdings worth $1,051,000 at the end of the most recent quarter. 0.43% of the stock is owned by institutional investors and hedge funds.
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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