Shares of Sky Solar Holdings Ltd (NASDAQ:SKYS) gapped up prior to trading on Wednesday . The stock had previously closed at $1.85, but opened at $2.64. Sky Solar Holdings shares last traded at $3.81, with a volume of 7,595,515 shares trading hands.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Sky Solar Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Roth Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Sky Solar Holdings in a research report on Tuesday, June 21st.

The firm’s market cap is $154.58 million. The company has a 50-day moving average price of $2.76 and a 200-day moving average price of $3.14.

Sky Solar Holdings (NASDAQ:SKYS) last released its quarterly earnings data on Friday, June 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The business earned $11.70 million during the quarter. On average, equities research analysts expect 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.