Zacks: Sky Solar Holdings Ltd (SKYS) Given Average Recommendation of “Strong Buy” by Analysts

Sky Solar Holdings Ltd (NASDAQ:SKYS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Sky Solar an industry rank of 85 out of 257 based on the ratings given to its competitors.

Several analysts recently commented on the stock. BidaskClub upgraded shares of Sky Solar from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. ValuEngine upgraded shares of Sky Solar from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th.

Shares of NASDAQ SKYS traded up $0.02 during midday trading on Friday, hitting $0.64. The company had a trading volume of 34,740 shares, compared to its average volume of 59,114. Sky Solar has a twelve month low of $0.46 and a twelve month high of $1.73. The stock has a market capitalization of $243.38 million, a price-to-earnings ratio of -0.80 and a beta of 1.14.

Sky Solar Company Profile

Sky Solar Holdings, Ltd., an investment holding company, operates as an independent power producer worldwide. The company develops, owns, and operates solar parks primarily in the downstream solar market. It also sells solar energy systems, including pipeline; and engineering, construction, and procurement services, as well as engages in building and transferring solar parks.

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