Published On: Mon, Sep 12th, 2016

Sky Solar Holdings Ltd Expected to Post Q3 2017 Earnings of $0.07 Per Share (SKYS)

Sky Solar Holdings Ltd (NASDAQ:SKYS) – Analysts at Roth Capital raised their Q3 2017 earnings estimates for Sky Solar Holdings in a note issued to investors on Thursday. Roth Capital analyst P. Shen now expects that the brokerage will post earnings of $0.07 per share for the quarter, up from their previous forecast of $0.03. Roth Capital currently has a “Buy” rating and a $8.00 price objective on the stock.
Separately, Zacks Investment Research upgraded Sky Solar Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 2nd.
Sky Solar Holdings (NASDAQ:SKYS) opened at 3.10 on Monday. The company has a 50 day moving average price of $2.82 and a 200-day moving average price of $3.07. Sky Solar Holdings has a 12 month low of $1.12 and a 12 month high of $8.38. The company’s market cap is $136.40 million.

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Sky Solar Holdings (NASDAQ:SKYS) last posted its earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $17 million for the quarter.
About Sky Solar Holdings
Sky Solar Holdings, Ltd. (Sky Solar) is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company’s subsidiaries are engaged in selling electricity, Pipeline plus EPC, Provision of O&M services, and BT. Its subsidiaries are engaged in selling electricity generated from solar parks owned by the Company as an IPP.

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