News stories about Sky Solar (NASDAQ:SKYS) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sky Solar earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the solar energy provider an impact score of 45.6051792244705 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research firms have recently issued reports on SKYS. Oppenheimer restated a “buy” rating and set a $5.00 price objective on shares of Sky Solar in a research report on Friday, September 29th. BidaskClub cut Sky Solar from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Zacks Investment Research upgraded Sky Solar from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research report on Wednesday, October 18th. ValuEngine upgraded Sky Solar from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Roth Capital upgraded Sky Solar from a “neutral” rating to a “buy” rating and upped their price target for the company from $1.30 to $5.00 in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $3.92.
Shares of Sky Solar (SKYS) traded down $0.14 during trading hours on Wednesday, reaching $1.37. The company’s stock had a trading volume of 257,100 shares, compared to its average volume of 106,180. Sky Solar has a 52-week low of $1.00 and a 52-week high of $3.62. The company has a market capitalization of $588.95, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.43 and a beta of 1.81. The company has a quick ratio of 2.37, a current ratio of 3.46 and a debt-to-equity ratio of 1.53.
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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