Skycorp Solar Group Acquires Stake in Nanjing Cesun Power
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Skycorp Solar Group Ltd. announced the acquisition of a 24% stake in Nanjing Cesun Power for approximately $8.7 million, with a lock-up period of five years. The deal, approved by the board, is expected to close by December 20, 2025, and aligns with Skycorp's strategy in AI-driven energy technologies. Analysts rate PN stock as Hold with a $1.00 target, while Spark's AI Analyst rates it Neutral, citing challenges like a high P/E ratio and bearish indicators, but notes strong cash flow and a stable balance sheet.
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