Skycorp Solar Group Limited Stock Price, News & Analysis

Skycorp Solar Group (NASDAQ: PN) announced results of an extraordinary general meeting held on October 10, 2025. Shareholders approved a conditional Share Consolidation allowing the board to consolidate each 100 existing Shares into 1 Share or a lesser whole-share ratio not below 10 into 1, with an Effective Date to be set by the board within three calendar years after the EGM. The resolution specifies that no fractional shares will be issued; entitlements that would produce fractions will be rounded up to the next whole share. The board is authorized to amend the company’s authorised share capital and adopt amended constitutional documents to effect the consolidation.

Skycorp Solar Group Limited (NASDAQ: PN), a solar PV product manufacturer, reported mixed financial results for H1 2025. Revenue increased 7.53% to $24.17 million, driven by a 13.62% growth in solar PV product sales, partially offset by a 45.53% decline in HPC product sales.

Gross profit rose to $3.70 million with a margin improvement to 15.32%. However, net income decreased 39.09% to $391,967 due to increased operational investments. Selling and marketing expenses grew 23.15% to $973,207, while general and administrative expenses increased 54.34% to $1.85 million, reflecting the company's expansion efforts and infrastructure scaling.

Skycorp Solar Group (NASDAQ: PN), a solar PV product manufacturer, has unveiled its "Pegasus Strategy" with two major initiatives. The company has activated its Strategic Digital Asset Reserve Account, initiating cryptocurrency investments with the purchase of 32.76 ETH. Additionally, Skycorp has agreed to acquire solar power stations with 8,705KW capacity for RMB30.5 million ($4.25 million), expected to close by November 2025.

The strategy positions manufacturing as the company's core, with renewable energy and digital assets as its "twin wings" for growth. A newly formed Investment Committee, led by CEO Weiqi Huang, will oversee both initiatives with quarterly updates through earnings communications.

Skycorp Solar Group (NASDAQ: PN), a manufacturer of solar cables and connectors, announced the integration of cryptocurrency payments into their business operations starting August 1, 2025. The company will accept major cryptocurrencies including Bitcoin, Ethereum, USDC, and USDT for international transactions.

The company also revealed plans to invest part of its cash reserves and project returns in Ethereum (ETH) as part of its treasury management strategy. All crypto transactions will be processed through licensed RWS providers with blockchain forensics capabilities, ensuring compliance with MAS and FATF regulations.

Skycorp Solar Group (NASDAQ: PN), a manufacturer of solar cables and connectors, has announced a significant strategic expansion into solar photovoltaic (PV) power plant acquisitions and development. The company's Board of Directors has unanimously authorized a $150 million investment framework for this initiative.

The expansion marks the company's strategic shift from solely manufacturing components to providing comprehensive renewable energy solutions. CEO Weiqi Huang emphasized that this move positions Skycorp to capitalize on emerging market opportunities while maintaining disciplined financial oversight.

The company acknowledges potential execution risks, including due diligence findings, regulatory approvals, and negotiation complexities that could affect transaction timelines and completion.

Skycorp Solar Group (NASDAQ: PN), a solar PV product manufacturer specializing in solar cables and connectors, showcased its innovations at the SNEC 2025 exhibition through its subsidiary PNTECH. The company has invested RMB100 million in R&D over 14 years, resulting in 47 patented technologies. Their products feature advanced XLPE modified polymer insulation, pure tin-plated copper conductors, and dual-seal MC4 connectors with 20% lower contact resistance. Skycorp operates in 140+ countries, with notable projects in Germany, Australia, and Poland. The company maintains a 16,000-square-meter smart factory with six cable and eight connector production lines, achieving a 9.3GW annual supply capacity. With 30%+ overseas orders and plans to invest 8% of annual revenue in R&D, Skycorp aims to transition from traditional to intelligent connection solutions.

Skycorp Solar Group Limited (Nasdaq: PN), a leading provider of solar cables and connectors, marked its Nasdaq debut with plans to expand into the U.S. market. The company announced its intention to establish a U.S. subsidiary to capitalize on the market's projected growth, where solar capacity is expected to reach 375 GW by 2030. Founded in 2011, Skycorp serves clients in over 30 countries with patented fire-retardant cables and waterproof connectors, maintaining a 90% customer retention rate. The company plans to launch smart junction boxes and intelligent solar charging stations for EVs by late 2025. The Nasdaq listing will provide capital for U.S. operations, where Skycorp aims to form partnerships with financial institutions for solar-storage-charging projects and establish local teams for market research and client support.

Skycorp Solar Group (PN), a solar PV product manufacturer specializing in solar cables and connectors, has announced the appointment of Feng Shibo to its Board of Directors and as Chair of the Audit Committee, effective April 08, 2025.

Feng brings significant financial expertise as the current CFO of China Forestry Treasury Center and former Senior VP at Shandong Hi-Speed Resources Fund. His background includes roles at Guotai Junan Securities and PricewaterhouseCoopers LLP, with over a decade of financial advisory experience.

The appointment follows the resignation of Li Baosong as Independent Director for personal reasons. Chairman and CEO Weiqi Huang emphasized Feng's strategic vision and experience in corporate financing as valuable assets for executing the company's growth plans.

Skycorp Solar Group (Nasdaq: PN), a manufacturer of solar cables and connectors, has successfully completed its Initial Public Offering (IPO) on March 5, 2025. The company raised $8 million in gross proceeds through the offering of 2,000,000 ordinary shares at $4.00 per share.

Trading commenced on the Nasdaq Capital Market under symbol 'PN' on March 4, 2025. The underwriter, Cathay Securities, has a 45-day option to purchase up to 300,000 additional shares to cover over-allotments.

The net proceeds will be allocated as follows:

• 30% for expanding product lines and services
• 30% for strengthening R&D capabilities
• 20% for improving brand recognition through marketing
• 20% for working capital and general corporate matters