Sky Solar Holdings Ltd (SKYS) Trading Up 8.3%
Sky Solar Holdings Ltd (NASDAQ:SKYS)’s share price was up 8.3% on Tuesday . The stock traded as high as $2.80 and last traded at $2.75, with a volume of 51,458 shares changing hands. The stock had previously closed at $2.54.
Several equities analysts have weighed in on SKYS shares. Zacks Investment Research lowered Sky Solar Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th. Roth Capital reissued a “buy” rating and issued a $8.00 target price on shares of Sky Solar Holdings in a research note on Tuesday, June 21st.
The company has a 50 day moving average price of $2.87 and a 200-day moving average price of $3.24. The firm’s market cap is $135.13 million.
Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings results on Friday, June 17th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $11.70 million for the quarter. On average, equities research analysts forecast that Sky Solar Holdings Ltd will post ($0.13) EPS for the current 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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