Sky Solar Holdings Ltd (SKYS) Trading Up -1.1%
Sky Solar Holdings Ltd (NASDAQ:SKYS) was up 1.1% during trading on Monday . The company traded as high as $2.96 and last traded at $2.80, with a volume of 71,413 shares changing hands. The stock had previously closed at $2.83.
A number of equities research analysts recently commented on SKYS shares. Zacks Investment Research upgraded shares of Sky Solar Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Roth Capital reiterated a “buy” rating and set a $8.00 price target (down from $10.00) on shares of Sky Solar Holdings in a report on Tuesday, April 5th.
The company has a 50-day moving average of $3.02 and a 200 day moving average of $3.37. The company’s market capitalization is $142.30 million.
Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings results on Friday, June 17th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The business earned $11.70 million during the quarter. Equities research analysts predict that Sky Solar Holdings Ltd will post ($0.13) earnings per share for the current fiscal year.
Sky Solar Holdings, Ltd. (Sky Solar) is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company’s subsidiaries are engaged in selling electricity, Pipeline plus EPC, Provision of O&M services, and BT. Its subsidiaries are engaged in selling electricity generated from solar parks owned by the Company as an IPP.
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