Sky Solar Holdings, Ltd. (SKYS) Lifted to “Buy” at Roth Capital
Roth Capital upgraded shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) from a neutral rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports. They currently have $5.00 target price on the solar energy provider’s stock, up from their prior target price of $1.30.
Several other research analysts also recently weighed in on SKYS. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $5.00 price target on shares of Sky Solar Holdings in a research note on Friday, September 29th. Zacks Investment Research downgraded Sky Solar Holdings from a hold rating to a sell rating in a research note on Thursday, July 6th. Finally, BidaskClub upgraded Sky Solar Holdings from a strong sell rating to a sell rating in a research note on Friday, August 25th.
Sky Solar Holdings (NASDAQ:SKYS) traded down 1.05% during trading on Wednesday, reaching $1.90. 19,145 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $1.53 and its 200-day moving average price is $1.65. The firm has a market cap of $101.00 million, a price-to-earnings ratio of 9.18 and a beta of 1.90. Sky Solar Holdings has a 12 month low of $1.00 and a 12 month high of $3.62.
TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/10/14/sky-solar-holdings-ltd-skys-lifted-to-buy-at-roth-capital.html.
An institutional investor recently raised its position in Sky Solar Holdings stock. Quentec Asset Management LLC lifted its position in shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 0.1% of Quentec Asset Management LLC’s investment portfolio, making the stock its 28th largest 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.
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).
Receive News & Stock 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 stocks with our FREE daily email newsletter.