Sky Solar Holdings (SKYS) Posts Surprise Q4 Loss

Sky Solar Holdings (NASDAQ: SKYS) reported Q4 EPS of ($0.02), $0.05 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $12.2 million versus the consensus estimate of $15.85 million.

Pipeline Analysis

• As of December 31, 2015, the Company owned and operated 128.6 MW of IPP assets, compared to 117.5 MW as of September 30, 2015. This reflects all the incremental project addition in Japan.
• The Company had 28.2 MW of projects under construction as of December 31, 2015, compared to 36.0 MW under construction as of September 30, 2015. All of the 28.2 MW of projects under construction are located in Japan.
• In total, the Company had 1.3 GW of projects in various stages of development as of December 31, 2015, which included the projects under construction described above as well as 238.3 MW of shovel-ready projects and more than 1.0 GW of projects in pipeline. This does not include any LEEDs in the US or incremental opportunities in LatAm.

For earnings history and earnings-related data on Sky Solar Holdings (SKYS) click here.

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