Zacks: Sky Solar Holdings, Ltd. (SKYS) Given Average Recommendation of “Buy” by Brokerages
Shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a twelve-month consensus target price of $3.15 for the company, according to Zacks. Zacks has also given Sky Solar Holdings an industry rank of 102 out of 265 based on the ratings given to related companies.
Several research analysts have weighed in on SKYS shares. Roth Capital set a $8.00 price target on Sky Solar Holdings and gave the stock a “buy” rating in a research note on Thursday, May 18th. Zacks Investment Research upgraded Sky Solar Holdings from a “sell” rating to a “hold” rating and set a $1.50 price target for the company in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded Sky Solar Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th.
Shares of Sky Solar Holdings (NASDAQ SKYS) traded down 0.72% during mid-day trading on Friday, hitting $1.38. The stock had a trading volume of 3,998 shares. The stock has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.73. Sky Solar Holdings has a 52-week low of $1.00 and a 52-week high of $3.62. The company has a market cap of $72.37 million, a PE ratio of 18.40 and a beta of 1.77.
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An institutional investor recently raised its position in Sky Solar Holdings stock. Quentec Asset Management LLC boosted its stake in shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 700,963 shares of the solar energy provider’s stock after buying an additional 103,433 shares during the period. Sky Solar Holdings makes up approximately 0.1% of Quentec Asset Management LLC’s holdings, making the stock its 28th largest holding. Quentec Asset Management LLC owned approximately 1.34% of Sky Solar Holdings worth $1,051,000 at the end of the most recent reporting period. Institutional investors own 0.43% of the company’s stock.
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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