Press coverage about Sky Solar Holdings (NASDAQ:SKYS) has been trending somewhat negative this week, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sky Solar Holdings earned a news impact score of -0.02 on Alpha One’s scale. Alpha One also assigned news articles about the solar energy provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Sky Solar Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, February 11th. Roth Capital reissued a “buy” rating and set a $8.00 target price on shares of Sky Solar Holdings in a report on Friday, February 10th.
Sky Solar Holdings (NASDAQ:SKYS) traded up 1.53% during midday trading on Friday, hitting $1.99. The stock had a trading volume of 39,324 shares. The company has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.28. Sky Solar Holdings has a 52 week low of $1.50 and a 52 week high of $5.40. The stock has a market cap of $116.75 million, a P/E ratio of 25.84 and a beta of 1.70.
Sky Solar Holdings (NASDAQ:SKYS) last released its quarterly earnings results on Thursday, February 9th. The solar energy provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.31. Sky Solar Holdings had a negative return on equity of 0.57% and a net margin of 7.19%. The firm had revenue of $23.40 million for the quarter, compared to analysts’ expectations of $12.10 million. Equities analysts expect that Sky Solar Holdings will post ($0.07) EPS for the current year.
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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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