BidaskClub lowered shares of Sky Solar (NASDAQ:SKYS) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also weighed in on SKYS. Oppenheimer reaffirmed a buy rating and set a $5.00 target price on shares of Sky Solar in a research note on Friday, September 29th. Roth Capital raised shares of Sky Solar from a neutral rating to a buy rating and lifted their target price for the company from $1.30 to $5.00 in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Sky Solar from a hold rating to a buy rating and set a $2.25 target price on the stock in a research note on Wednesday, October 18th. Finally, ValuEngine raised shares of Sky Solar from a sell rating to a hold rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $3.92.

Shares of Sky Solar (NASDAQ SKYS) traded up $0.01 on Friday, hitting $1.52. 44,458 shares of the stock were exchanged, compared to its average volume of 113,760. The company has a market cap of $588.95, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 0.43 and a beta of 1.81. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.46 and a quick ratio of 2.37. Sky Solar has a 52-week low of $1.00 and a 52-week high of $3.62.

A hedge fund recently raised its stake in Sky Solar stock. Quentec Asset Management LLC grew its stake in shares of Sky Solar Holdings Ltd (NASDAQ:SKYS) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 700,963 shares of the solar energy provider’s stock after purchasing an additional 103,433 shares during the period. Sky Solar makes up 0.1% of Quentec Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. Quentec Asset Management LLC owned approximately 1.34% of Sky Solar worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.40% of the company’s stock.

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Sky Solar Company Profile

Sky Solar Holdings, Ltd. is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company focuses on the downstream solar market and develops projects primarily in Asia, South America, Europe and North America. Its subsidiaries are engaged in activities, such as selling electricity generated from solar parks owned by the Company as IPP; pipeline (including obtaining permits required for solar power projects and sourcing of solar modules), and providing engineering, procurement and construction (EPC) services ; providing operating and maintenance (O&M) services for solar parks; sales of solar modules, and building and transferring of solar parks (BT).

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