Roth Capital Downgrades Sky Solar Holdings, Ltd. (SKYS) to Neutral

Sky Solar Holdings, Ltd. (NASDAQ:SKYS) was downgraded by Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.

Sky Solar Holdings (SKYS) opened at 1.38 on Friday. The company has a market capitalization of $72.37 million, a P/E ratio of 18.40 and a beta of 1.82. The stock’s 50 day moving average is $1.89 and its 200 day moving average is $2.06. Sky Solar Holdings has a 52 week low of $1.25 and a 52 week high of $5.40.

Sky Solar Holdings (NASDAQ:SKYS) last issued its quarterly earnings data on Monday, May 15th. The solar energy provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.09. Sky Solar Holdings had a negative return on equity of 2.47% and a net margin of 4.72%. The business had revenue of $13.83 million during the quarter. On average, equities research analysts expect that Sky Solar Holdings will post ($0.03) earnings per share 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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