Sky Solar Holdings, Ltd. (NASDAQ:SKYS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating. Sky Solar Holdings’ rating score has improved by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a one year consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Sky Solar Holdings an industry rank of 185 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Sky Solar Holdings from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Wednesday. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $5.00 price objective on shares of Sky Solar Holdings in a research note on Friday, September 29th. BidaskClub raised shares of Sky Solar Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Roth Capital raised shares of Sky Solar Holdings from a “neutral” rating to a “buy” rating and upped their price target for the stock from $1.30 to $5.00 in a research report on Wednesday, October 11th.

An institutional investor recently raised its position in Sky Solar Holdings stock. Quentec Asset Management LLC increased its position in Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 700,963 shares of the solar energy provider’s stock after acquiring an additional 103,433 shares during the period. Sky Solar Holdings makes up 0.1% of Quentec Asset Management LLC’s portfolio, 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. Hedge funds and other institutional investors own 0.43% of the company’s stock.

Shares of Sky Solar Holdings (NASDAQ:SKYS) traded down 1.02% on Friday, reaching $1.95. 19,298 shares of the company were exchanged. Sky Solar Holdings has a 52-week low of $1.00 and a 52-week high of $3.62. The company has a market capitalization of $103.65 million, a P/E ratio of 9.42 and a beta of 1.90. The stock has a 50 day moving average of $1.61 and a 200-day moving average of $1.65.

COPYRIGHT VIOLATION WARNING: “Sky Solar Holdings, Ltd. (SKYS) Receives Consensus Rating of “Strong Buy” from Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/22/sky-solar-holdings-ltd-skys-receives-consensus-rating-of-strong-buy-from-brokerages.html.

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 Zacks.com

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 MarketBeat.com's FREE daily email newsletter.