Skycorp Solar Group Acquires Stake in Nanjing Cesun Power

Barchart·10/15/2025 15:30:06

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An update from Skycorp Solar Group Ltd. ( (PN) ) is now available.

On October 14, 2025, Skycorp Solar Group Limited announced a definitive agreement to acquire a 24.0% equity interest in Nanjing Cesun Power Co., Ltd. for approximately US$8.7 million. This strategic acquisition, approved by the board on October 12, 2025, involves the issuance of 12,000,000 Class B ordinary shares to Skyline Tech Limited, with a lock-up period of five years. The transaction is expected to close by December 20, 2025, and aligns with Skycorp’s strategy to invest in AI-driven energy technologies and green energy solutions, potentially driving sustainable growth and enhancing its industry positioning.

The most recent analyst rating on (PN) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Skycorp Solar Group Ltd. stock, see the PN Stock Forecast page.

Spark’s Take on PN Stock

According to Spark, TipRanks’ AI Analyst, PN is a Neutral.

Skycorp Solar Group Ltd. faces significant challenges with a high P/E ratio indicating potential overvaluation and bearish technical indicators suggesting a downward trend. However, the company’s strong cash flow and stable balance sheet provide some resilience. The lack of earnings call data and corporate events limits further insights.

To see Spark’s full report on PN stock, click here.

More about Skycorp Solar Group Ltd.

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. The company aims to become a green energy solutions provider by leveraging its expertise in solar technologies and expanding its offerings to enterprise customers globally.

Average Trading Volume: 261,437

Technical Sentiment Signal: Strong Sell

Find detailed analytics on PN stock on TipRanks’ Stock Analysis page.

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Skycorp Solar Group Acquires Stake in Nanjing Cesun Power

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