Su Weili Has 24.5% Stake in Sky Solar Holdings Ltd (SKYS)
revealed that they own 24.5% of Sky Solar Holdings Ltd (NASDAQ:SKYS) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, February 13th. The investor owns 102,618,110 shares of the stock worth about $94,408,661. The reporting parties listed on the disclosure included Mr Weili Su and Flash Bright Power Ltd. The disclosure is available through EDGAR at this link.
provided the following explanation of their ownership:
Several analysts have recently commented on SKYS shares. BidaskClub downgraded Sky Solar from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Zacks Investment Research raised Sky Solar from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a report on Thursday, October 26th. Finally, ValuEngine raised Sky Solar from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.92.
Sky Solar Holdings Ltd (NASDAQ:SKYS) traded down $0.01 during mid-day trading on Tuesday, hitting $0.92. The stock had a trading volume of 82,625 shares, compared to its average volume of 93,834. The company has a market capitalization of $385.35, a price-to-earnings ratio of 13.29 and a beta of 1.37. The company has a current ratio of 3.46, a quick ratio of 2.37 and a debt-to-equity ratio of 1.53. Sky Solar Holdings Ltd has a 52 week low of $0.86 and a 52 week high of $2.43.
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About Sky Solar
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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