Shares of Sky Solar Holdings Ltd (NASDAQ:SKYS) rose 8.3% on Tuesday . The company traded as high as $2.80 and last traded at $2.75, with a volume of 51,458 shares traded. The stock had previously closed at $2.54.

SKYS has been the topic of a number of recent research reports. Roth Capital restated a “buy” rating and set a $8.00 target price (down from $10.00) on shares of Sky Solar Holdings in a research note on Tuesday, April 5th. Zacks Investment Research lowered shares of Sky Solar Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th.

The company’s 50-day moving average is $2.90 and its 200 day moving average is $3.25. The company’s market cap is $141.28 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, beating the consensus estimate of ($0.06) by $0.04. The business earned $11.70 million during the quarter. Equities research analysts anticipate that Sky Solar Holdings Ltd will post ($0.13) EPS 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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