Sky Solar Holdings Ltd. (NASDAQ:SKYS) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $6.50 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Sky Solar Holdings an industry rank of 176 out of 265 based on the ratings given to related companies.
Separately, Roth Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Sky Solar Holdings in a research report on Tuesday, August 23rd.
Sky Solar Holdings (NASDAQ:SKYS) opened at 2.99 on Tuesday. The stock has a 50 day moving average price of $2.98 and a 200 day moving average price of $3.07. The company’s market capitalization is $131.56 million. Sky Solar Holdings has a 12-month low of $1.12 and a 12-month high of $8.38.
Sky Solar Holdings (NASDAQ:SKYS) last posted its earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $17 million for the quarter. Sky Solar Holdings had a negative return on equity of 9.71% and a negative net margin of 28.37%. On average, analysts expect that Sky Solar Holdings will post ($0.10) EPS for the current year.
An institutional investor recently bought a new position in Sky Solar Holdings stock. Quentec Asset Management LLC acquired a new stake in shares of Sky Solar Holdings Ltd. (NASDAQ:SKYS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 312,890 shares of the company’s stock, valued at approximately $911,000. Quentec Asset Management LLC owned 0.61% of Sky Solar Holdings as of its most recent SEC filing. 22.43% of the stock is owned by institutional investors and hedge funds.
Sky Solar Holdings Company Profile
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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