Sky Solar (SKYS) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Sky Solar (NASDAQ:SKYS) from a hold rating to a sell rating in a report issued on Friday morning.

SKYS has been the topic of a number of other reports. Roth Capital raised Sky Solar from a neutral rating to a buy rating and raised their price target for the company from $1.30 to $5.00 in a report on Wednesday, October 11th. Zacks Investment Research raised Sky Solar from a hold rating to a buy rating and set a $2.00 price target on the stock in a report on Thursday, October 26th. Finally, BidaskClub cut Sky Solar from a sell rating to a strong sell rating in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Sky Solar presently has a consensus rating of Hold and a consensus target price of $3.92.

Shares of Sky Solar (SKYS) opened at $0.89 on Friday. The company has a current ratio of 3.46, a quick ratio of 2.37 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $409.53, a PE ratio of 12.71 and a beta of 1.37. Sky Solar has a twelve month low of $0.86 and a twelve month 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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