Sky Solar Holdings (SKYS) Posts Weaker-Than-Expected Earnings; Roth Capital Cuts Price Target to $10
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Sky Solar Holdings, Ltd. Reports Third Quarter 2015 Unaudited Financial Results
November 24, 2015 7:50 AM ESTHONG KONG, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Sky Solar Holdings, Ltd. (NASDAQ: SKYS) ("Sky Solar" or "the Company"), a global developer, owner and operator of solar parks, today announced its financial results for the third quarter of 2015.
Highlights:
Q3 2015 total revenue of $12.1 million, up 17.3% over Q3 2014 Q3 2015 electricity revenue of $11.3 million, up 63.6% over Q3 2014 Q3 2015 Adjusted EBITDA1 of $3.8 million, compared to $1.6 million in Q3 2014... More