Sky Solar Holdings Ltd (NASDAQ:SKYS) shares rose 1.1% during mid-day trading on Monday . The stock traded as high as $2.96 and last traded at $2.80, with a volume of 71,413 shares traded. The stock had previously closed at $2.83.

SKYS has been the subject of several research reports. Zacks Investment Research raised Sky Solar Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Roth Capital reissued a “buy” rating and issued a $8.00 target price (down previously from $10.00) on shares of Sky Solar Holdings in a research report on Tuesday, April 5th.

The company’s market capitalization is $138.72 million. The firm’s 50-day moving average price is $2.99 and its 200-day moving average price is $3.31.

Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings data on Friday, June 17th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm earned $11.70 million during the quarter. On average, equities research analysts forecast that Sky Solar Holdings Ltd will post ($0.13) earnings per share 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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