Sky Solar Holdings Ltd (SKYS) Given $5.00 Average Target Price by Analysts

Sky Solar Holdings Ltd (NASDAQ:SKYS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $5.00 for the company and are predicting that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also given Sky Solar an industry rank of 187 out of 265 based on the ratings given to its competitors.

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A number of equities research analysts have weighed in on SKYS shares. BidaskClub upgraded shares of Sky Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Zacks Investment Research cut shares of Sky Solar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, ValuEngine upgraded shares of Sky Solar from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

Shares of SKYS stock traded down $0.03 on Wednesday, hitting $1.20. 71,211 shares of the company’s stock were exchanged, compared to its average volume of 94,499. Sky Solar has a 1-year low of $0.82 and a 1-year high of $2.43. The firm has a market capitalization of $479.74, a PE ratio of 17.00, a PEG ratio of 0.35 and a beta of 1.34. The company has a current ratio of 3.46, a quick ratio of 2.37 and a debt-to-equity ratio of 1.53.

A hedge fund recently bought a new stake in Sky Solar stock. EnTrustPermal Partners Offshore LP acquired a new stake in Sky Solar Holdings Ltd (NASDAQ:SKYS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 289,288 shares of the solar energy provider’s stock, valued at approximately $434,000. EnTrustPermal Partners Offshore LP owned approximately 0.07% of Sky Solar as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.30% of the company’s stock.

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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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