Professional
Added to YB: 2020-06-08
Pitch date: 2020-06-08
SKYS [bullish]
Sky Solar Holdings, Ltd.
+113.39%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Sky Solar Holdings, Ltd., an independent power producer, develops, owns, and operates solar parks worldwide.
Market Cap
$150.4M
Pitch Price
$3.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-3.58
EV/Sales
N/A
Sector
Independent Power and Renewable Electricity Producers
Category
N/A
Sky Solar (SKYS) - Merger Arbitrage - 110% Upside
SKYS: $2.88. Going private offer at $6/share (110% upside). Complex situation: lawsuits, former CEO fraud, Hudson Capital conflict. But multiple parties interested in takeover. 72% owned by consortium proposing buyout. Main assets in Japan. Hudson also showed interest at higher price. Risky, but potential for settlement and privatization. Downside to $1.30 (-55%).
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