Sky Solar Holdings, Ltd. (SKYS) Lifted to Buy at Roth Capital
Sky Solar Holdings, Ltd. (NASDAQ:SKYS) was upgraded by stock analysts at Roth Capital from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Sky Solar Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub raised Sky Solar Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $5.00 price target on shares of Sky Solar Holdings in a research report on Friday, September 29th.
Shares of Sky Solar Holdings (SKYS) opened at 1.69 on Wednesday. The stock has a market cap of $89.83 million, a price-to-earnings ratio of 8.16 and a beta of 1.90. Sky Solar Holdings has a one year low of $1.00 and a one year high of $3.62. The company has a 50-day moving average of $1.49 and a 200 day moving average of $1.65.
A hedge fund recently raised its stake in Sky Solar Holdings stock. Quentec Asset Management LLC raised its holdings in Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 700,963 shares of the solar energy provider’s stock after purchasing an additional 103,433 shares during the period. Sky Solar Holdings comprises approximately 0.1% of Quentec Asset Management LLC’s holdings, making the stock its 28th largest holding. Quentec Asset Management LLC owned about 1.34% of Sky Solar Holdings worth $1,051,000 as of its most recent SEC filing. 0.43% of the stock is owned by hedge funds and other institutional investors.
About Sky Solar Holdings
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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