Ho Chi Sing
disclosed that they own 24.3% of Sky Solar Holdings Ltd (NASDAQ:SKYS) in a Schedule 13D/A disclosure that was filed with the SEC on Tuesday, February 13th. The investor owns 101,949,906 shares of the stock worth approximately $94,813,413. The reporting parties listed on the disclosure included IDGAccel China Capital LP, IDGAccel China Capital Associates LP, IDGAccel China Capital Investors LP, IDGAccel China Capital GP Associates Ltd, Quan Zhou and Chi Sing Ho. The filing is available through Edgar at this hyperlink.
provided the following explanation of their ownership:
Sky Solar Holdings Ltd (SKYS) traded down $0.06 on Tuesday, hitting $0.93. 66,300 shares of the stock were exchanged, compared to its average volume of 93,173. Sky Solar Holdings Ltd has a one year low of $0.86 and a one year high of $2.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.37 and a current ratio of 3.46.
SKYS has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Sky Solar from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research report on Thursday, October 26th. BidaskClub downgraded shares of Sky Solar from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Finally, ValuEngine upgraded shares of Sky Solar from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Sky Solar currently has a consensus rating of “Hold” and a consensus target price of $3.92.
About Sky Solar
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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