Zacks: Sky Solar Holdings Ltd (SKYS) Given $5.00 Consensus Target Price by Analysts

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 $5.00 for the company and are forecasting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also given Sky Solar an industry rank of 169 out of 265 based on the ratings given to related companies.

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A number of equities research analysts have issued reports on SKYS shares. ValuEngine cut Sky Solar from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BidaskClub raised Sky Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Zacks Investment Research cut Sky Solar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 13th.

Shares of SKYS opened at $1.25 on Thursday. Sky Solar has a fifty-two week low of $0.82 and a fifty-two week high of $2.43.

A hedge fund recently bought a new stake in Sky Solar stock. EnTrustPermal Partners Offshore LP bought a new stake in Sky Solar Holdings Ltd (NASDAQ:SKYS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter. Institutional investors 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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