Brokerages Anticipate Sky Solar Holdings, Ltd. (SKYS) to Post $0.01 Earnings Per Share
Shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Sky Solar Holdings’ rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $3.15 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sky Solar Holdings an industry rank of 115 out of 265 based on the ratings given to related companies.
A number of equities analysts recently weighed in on SKYS shares. Roth Capital set a $8.00 price objective on shares of Sky Solar Holdings and gave the stock a “buy” rating in a research report on Thursday, May 18th. Zacks Investment Research raised shares of Sky Solar Holdings from a “sell” rating to a “hold” rating and set a $1.50 price target for the company in a research report on Wednesday, July 19th.
An institutional investor recently raised its position in Sky Solar Holdings stock. Quentec Asset Management LLC raised its stake in shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 700,963 shares of the solar energy provider’s stock after buying an additional 103,433 shares during the period. Sky Solar Holdings accounts for approximately 0.1% of Quentec Asset Management LLC’s holdings, making the stock its 28th largest position. Quentec Asset Management LLC owned approximately 1.34% of Sky Solar Holdings worth $1,051,000 as of its most recent filing with the SEC. 0.35% of the stock is currently owned by hedge funds and other institutional investors.
Sky Solar Holdings (NASDAQ SKYS) traded down 4.26% on Tuesday, reaching $1.35. The company had a trading volume of 20,574 shares. Sky Solar Holdings has a 1-year low of $1.00 and a 1-year high of $5.40. The company’s 50-day moving average price is $1.42 and its 200 day moving average price is $1.81. The firm has a market capitalization of $70.80 million, a P/E ratio of 18.00 and a beta of 1.78.
Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings results on Monday, May 15th. The solar energy provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.09. Sky Solar Holdings had a net margin of 4.72% and a negative return on equity of 2.47%. The firm had revenue of $13.83 million during the quarter. On average, equities analysts forecast that Sky Solar Holdings will post ($0.03) EPS for the current year.
Sky Solar Holdings Company Profile
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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