Sky Solar Holdings Ltd (SKYS) Trading 1.7% Higher
Sky Solar Holdings Ltd (NASDAQ:SKYS) shares traded up 1.7% during trading on Tuesday . The company traded as high as $3.01 and last traded at $2.94, with a volume of 102,811 shares trading hands. The stock had previously closed at $2.89.
A number of research analysts have recently commented on the company. Roth Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Sky Solar Holdings in a research note on Tuesday, June 21st. Zacks Investment Research raised Sky Solar Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 2nd.
The stock’s market cap is $150.74 million. The stock has a 50-day moving average of $2.79 and a 200 day moving average of $3.09.
Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings data on Friday, June 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm earned $11.70 million during the quarter. Equities 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.
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