Sky Solar (SKYS) Lowered to Sell at ValuEngine

Sky Solar (NASDAQ:SKYS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other analysts have also recently issued reports on SKYS. Roth Capital raised shares of Sky Solar from a “neutral” rating to a “buy” rating and upped their price target for the company from $1.30 to $5.00 in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Sky Solar from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Wednesday, October 18th. Finally, BidaskClub cut shares of Sky Solar from a “sell” rating to a “strong sell” rating in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3.92.

Sky Solar (NASDAQ SKYS) traded down $0.06 on Friday, reaching $1.05. 60,386 shares of the company traded hands, compared to its average volume of 90,276. The firm has a market capitalization of $409.53, a PE ratio of 15.00 and a beta of 1.37. The company has a quick ratio of 2.37, a current ratio of 3.46 and a debt-to-equity ratio of 1.53. Sky Solar has a 1 year low of $1.00 and a 1 year high of $3.62.

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About Sky Solar

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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