Sky Solar Holdings Ltd (NASDAQ:SKYS) was down 3.3% on Friday . The stock traded as low as $2.90 and last traded at $2.94, with a volume of 77,928 shares traded. The stock had previously closed at $3.04.

Several equities research analysts have weighed in on SKYS shares. Zacks Investment Research upgraded Sky Solar Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Roth Capital reissued 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 company has a 50-day moving average of $2.76 and a 200-day moving average of $3.14. The company’s market capitalization is $154.07 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 company earned $11.70 million during the quarter. On average, equities research analysts anticipate 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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