Somewhat Positive Press Coverage Somewhat Unlikely to Impact Sky Solar Holdings (SKYS) Stock Price
Press coverage about Sky Solar Holdings (NASDAQ:SKYS) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sky Solar Holdings earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the solar energy provider an impact score of 45.9442996170828 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages recently issued reports on SKYS. Roth Capital set a $8.00 price objective on shares of Sky Solar Holdings and gave the company a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research upgraded shares of Sky Solar Holdings from a “sell” rating to a “hold” rating and set a $1.50 price target on the stock in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded shares of 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 (SKYS) remained flat at $1.38 during trading on Wednesday. 4,908 shares of the company were exchanged. The company has a market cap of $72.37 million, a P/E ratio of 18.40 and a beta of 1.77. The company has a 50-day moving average price of $1.38 and a 200-day moving average price of $1.74. Sky Solar Holdings has a 12-month low of $1.00 and a 12-month high of $4.05.
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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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