Strong Profit Growth for Sky Solar Holdings (SKYS); Aqua Metals (AQMS), Johnson Controls (JCI) Ink Battery Recycling Tech Pact
Sky Solar Holdings Ltd. (Nasdaq:SKYS) shares soared more than 50% in pre-market trade Thursday after the independent power producer delivered strong growth performance in its quarterly financial results.
For the third quarter 2016, Sky Solar posted revenue of $23.4 million, a 93.4% increase year over year, and net income of $14.2 million, or $0.04 per diluted share versus a a net loss of ($5.6) million, or ($0.01) per share in the same period the prior year.
SKYS stock closed at $1.79, down 2.63% (or -$0.05) with 31,920 shares traded on Wednesday.
Sky Solar Holdings, which develops, owns and operates solar parks, has 48.75M shares outstanding, market capitalization (intraday) of $87.35M and SKYS stock 52-week range is between $1.12 and $6.52 per share.
Aqua Metals Inc. (Nasdaq:AQMS) said before the opening-bell Thursday that U.S. giant Johnson Controls International plc (NYSE:JCI) is taking approximately 5% in the company as part of a battery recycling technology deal covering North America, China and Europe.
According to Aqua Metals, the agreement also calls – among other things – for Johnson Controls to buy AquaRefined metals produced from its facilities and to supply the company with batteries to recycle as a service.
Shares of Aqua Metals climbed over 18% to near their 52 week high levels, following the announcement.
AQMS stock finished Wednesday’s trading session at $11.39, up 5.66% (or +$0.61)
Aqua Metals, which engages in the business of recycling lead, has 17.88M shares outstanding, market capitalization (intraday) of $204.00M and AQMS stock one-year range is from $4.60 to $14.34 per share.
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