Separately, ValuEngine downgraded Sky Solar from a buy rating to a hold rating in a report on Wednesday, October 16th.
Shares of NASDAQ SKYS opened at $0.64 on Friday. Sky Solar has a 12-month low of $0.40 and a 12-month high of $1.58. The stock’s 50 day simple moving average is $0.53 and its 200 day simple moving average is $0.57.
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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