Welcome to our dedicated page for Skycorp Solar Group news (Ticker: PN), a resource for investors and traders seeking the latest updates and insights on Skycorp Solar Group stock.
Skycorp Solar Group Limited (NASDAQ: PN) is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors, with additional activities in high performance computing (HPC) servers and green energy solutions. The PN news feed on Stock Titan aggregates the company’s official press releases and related market coverage so readers can follow how its solar, data center, and digital asset strategies evolve over time.
News about Skycorp frequently covers its core PV cable and connector business, including product showcases and technology updates from industry events. The company’s communications also highlight financial results, where it reports revenue trends, gross profit, and expense patterns for its solar PV products and HPC-related operations. These updates provide context on how different parts of the business contribute to overall performance.
Another important category of PN news involves corporate and strategic actions. Skycorp has announced board authorization for solar PV power plant acquisitions and development projects, a share repurchase programme funded from its own resources, and plans to acquire an equity interest in Nanjing Cesun Power Co., Ltd., a company engaged in new energy power plants and inverter technologies. It has also reported on extraordinary general meetings, share consolidation authorizations, and changes in its independent registered public accounting firm.
Skycorp’s disclosures further describe initiatives such as the “Pegasus Strategy,” combining manufacturing strength with renewable power station investment and a Strategic Digital Asset Reserve Account holding Bitcoin, Ethereum, and stablecoins. The company has also announced acceptance of cryptocurrency payments for international transactions. Investors and observers can use the PN news page to review these developments in one place and revisit historical announcements on solar PV products, HPC offerings, renewable energy projects, capital markets activity, and digital asset-related policies.
Skycorp Solar Group (NASDAQ: PN) reported fiscal 2025 results for year ended Sept 30, 2025. Revenue rose 26.97% to $63.31M while solar PV revenue grew 32.61% to $61.65M, representing 97.37% of sales. Gross margin fell to 9.95% from 13.10% and the company recorded a net loss of $2.21M. Cash increased to $9.34M and total assets rose ~42.39% to $45.49M.
The company cited strong overseas demand (overseas revenue +140.82%) and strategic expansion into C&I PV services and AI energy management.
Skycorp Solar Group (Nasdaq: PN) announced a $2,000,000 Share Repurchase Programme approved by its board on Dec 4, 2025 to optimize capital structure, enhance EPS, and create long-term shareholder value.
To date the company has repurchased 60,000 shares for US$51,972. The Programme is funded from the company’s own resources, may be adjusted or suspended at management’s discretion, and will follow applicable securities laws and disclosure requirements.
Skycorp Solar Group (Nasdaq: PN) received a Nasdaq notice on Oct 30, 2025 saying its Class A ordinary shares failed to meet the $1.00 minimum bid requirement based on the 30 consecutive business-day closing bid prior to the notice.
Nasdaq granted an initial 180-calendar-day compliance period ending Apr 28, 2026 to regain compliance by achieving a closing bid ≥ $1.00 for at least 10 consecutive business days. If not regained, the company may be eligible for a second 180-day period if it meets market-value and other initial listing standards (except the $1.00 rule) and notifies Nasdaq of intent to cure, potentially via a reverse stock split. Failure could lead to delisting with an appeal right.
Skycorp Solar Group (NASDAQ: PN) entered a definitive agreement on October 14, 2025 to acquire a 24.0% equity interest in Nanjing Cesun Power for approximately US$8.7 million. The purchase consideration will be satisfied by issuing 12,000,000 Class B ordinary shares to Skyline Tech, subject to a five‑year lock‑up. As of the filing date, Skyline holds 13,025,000 Class B shares, representing 97.0% of voting power. The transaction is a related‑party sale and was approved by the board and audit committee on October 12, 2025. Closing is expected on or before December 20, 2025 and remains subject to customary closing conditions.
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.