Sky Solar (NASDAQ:SKYS) Upgraded to Hold at ValuEngine

Sky Solar (NASDAQ:SKYS) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, December 1st.

A number of other research firms also recently commented on SKYS. Zacks Investment Research upgraded Sky Solar from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Thursday, October 26th. Roth Capital raised Sky Solar from a “neutral” rating to a “buy” rating and upped their target price for the stock from $1.30 to $5.00 in a research report on Wednesday, October 11th. BidaskClub raised Sky Solar from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $5.00 target price on shares of Sky Solar in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $3.92.

Shares of Sky Solar (SKYS) opened at $1.45 on Friday. Sky Solar has a twelve month low of $1.00 and a twelve month high of $3.62. The company has a quick ratio of 2.37, a current ratio of 3.46 and a debt-to-equity ratio of 1.53.

An institutional investor recently raised its position in Sky Solar stock. Quentec Asset Management LLC grew its holdings in Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 700,963 shares of the solar energy provider’s stock after buying an additional 103,433 shares during the quarter. Sky Solar makes up 0.1% of Quentec Asset Management LLC’s portfolio, making the stock its 28th largest position. Quentec Asset Management LLC owned 1.34% of Sky Solar worth $1,051,000 as of its most recent SEC filing. Institutional investors own 0.40% of the company’s stock.

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Sky Solar 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).

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

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