Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Issues Quarterly Earnings Results

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PNGet Free Report) posted its quarterly earnings results on Tuesday. The company reported ($1.76) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $12.75 million during the quarter.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

Skycorp Solar Group Limited Ordinary Shares stock traded down $0.06 during mid-day trading on Wednesday, reaching $7.00. The stock had a trading volume of 107,463 shares, compared to its average volume of 889,050. Skycorp Solar Group Limited Ordinary Shares has a fifty-two week low of $2.18 and a fifty-two week high of $70.40. The company has a 50-day simple moving average of $5.27.

Analysts Set New Price Targets

Several analysts have recently weighed in on PN shares. Wall Street Zen upgraded shares of Skycorp Solar Group Limited Ordinary Shares to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Skycorp Solar Group Limited Ordinary Shares currently has a consensus rating of “Sell”.

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Skycorp Solar Group Limited Ordinary Shares Company Profile

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Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.

Further Reading

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