Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Releases Earnings Results

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) posted its earnings results on Tuesday. The company reported ($1.76) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $12.75 million during the quarter.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

Shares of PN traded up $1.15 during trading hours on Thursday, hitting $8.04. 12,304,495 shares of the company were exchanged, compared to its average volume of 965,600. Skycorp Solar Group Limited Ordinary Shares has a fifty-two week low of $2.18 and a fifty-two week high of $60.00. The business’s fifty day simple moving average is $5.33.

Analyst Ratings Changes

A number of equities analysts recently commented on PN shares. Weiss Ratings raised shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of Skycorp Solar Group Limited Ordinary Shares to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Company Profile

Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.