Shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a 12-month consensus price objective of $3.15 for the company, according to Zacks. Zacks has also assigned Sky Solar Holdings an industry rank of 166 out of 265 based on the ratings given to related companies.

A number of brokerages have recently commented on SKYS. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $5.00 price target on shares of Sky Solar Holdings in a research note on Friday, September 29th. Zacks Investment Research raised Sky Solar Holdings from a “sell” rating to a “hold” rating and set a $1.50 target price for the company in a research note on Wednesday, July 19th. BidaskClub raised Sky Solar Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Roth Capital cut Sky Solar Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.00 to $1.30 in a research note on Friday, June 16th.

TRADEMARK VIOLATION NOTICE: “Sky Solar Holdings, Ltd. (SKYS) Receives Consensus Recommendation of “Buy” from Analysts” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at

An institutional investor recently raised its position in Sky Solar Holdings stock. Quentec Asset Management LLC raised its holdings in shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 700,963 shares of the solar energy provider’s stock after acquiring an additional 103,433 shares during the quarter. Sky Solar Holdings makes up approximately 0.1% of Quentec Asset Management LLC’s holdings, making the stock its 28th biggest position. Quentec Asset Management LLC owned approximately 1.34% of Sky Solar Holdings worth $1,051,000 at the end of the most recent quarter. 0.43% of the stock is owned by institutional investors.

Sky Solar Holdings (NASDAQ SKYS) traded down 3.49% on Thursday, hitting $1.66. 16,267 shares of the stock traded hands. Sky Solar Holdings has a 12-month low of $1.00 and a 12-month high of $3.62. The stock has a market capitalization of $88.24 million, a P/E ratio of 8.02 and a beta of 1.90. The company’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.66.

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).

Get a free copy of the Zacks research report on Sky Solar Holdings (SKYS)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Sky Solar Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Solar Holdings Ltd. and related companies with's FREE daily email newsletter.