Sky Solar Holdings (SKYS) Earning Somewhat Negative Media Coverage, AlphaOne Reports
Media stories about Sky Solar Holdings (NASDAQ:SKYS) have trended somewhat negative this week, according to AlphaOne Sentiment Analysis. AlphaOne, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sky Solar Holdings earned a news impact score of -0.02 on AlphaOne’s scale. AlphaOne also assigned press coverage about the solar energy provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
SKYS has been the topic of several recent analyst reports. Zacks Investment Research raised Sky Solar Holdings from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a report on Friday, February 10th. Roth Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Sky Solar Holdings in a report on Friday, February 10th.
Shares of Sky Solar Holdings (NASDAQ:SKYS) traded up 1.53% during trading on Friday, hitting $1.99. The company had a trading volume of 39,324 shares. Sky Solar Holdings has a 52 week low of $1.50 and a 52 week high of $5.40. The firm’s 50 day moving average is $2.00 and its 200-day moving average is $2.28. The stock has a market capitalization of $116.75 million, a P/E ratio of 25.84 and a beta of 1.70.
Sky Solar Holdings (NASDAQ:SKYS) last issued its quarterly earnings results on Thursday, February 9th. The solar energy provider reported $0.28 earnings per share for the quarter, topping 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 the consensus estimate of $12.10 million. Equities research analysts anticipate that Sky Solar Holdings will post ($0.07) EPS for the current fiscal 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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