Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Releases Earnings Results

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) posted its quarterly earnings data on Tuesday. The company reported ($1.76) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $12.75 million during the quarter.

Skycorp Solar Group Limited Ordinary Shares Price Performance

Skycorp Solar Group Limited Ordinary Shares stock traded down $0.39 during trading hours on Wednesday, reaching $6.67. The company had a trading volume of 135,265 shares, compared to its average volume of 889,076. Skycorp Solar Group Limited Ordinary Shares has a 12-month low of $2.18 and a 12-month high of $70.40. The stock has a 50-day simple moving average of $5.27.

Wall Street Analysts Forecast Growth

PN has been the subject of several research reports. Wall Street Zen raised Skycorp Solar Group Limited Ordinary Shares to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.