Skycorp Solar Group Limited (PN) AI Stock Analysis
PN AI stock analysis summary
AI ResearchSkycorp Solar Group Limited (PN) develops and sells solar PV products, power system solutions, and high-performance computing hardware. While revenue expanded at an 11.9% CAGR between FY2021 and FY2025, reaching $63.3M, profitability deteriorated into a net loss of -$2.7M in FY2025. Over the trailing twelve months, the company generated $64.6M in revenue alongside an operating margin of -27.8%.
- Market cap
- $33.3M
- Revenue (TTM)
- $64.6M
- P/E
- —
- 1Y return
- -84.1% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue increased 27.0% in FY2025 to reach $63.3M, reflecting a 4-year revenue CAGR of 11.9% from FY2021.
- The company produced positive free cash flow of $2.4M in FY2025 on operating cash flow of $2.9M.
- Shares trade at a price-to-sales multiple of 0.5x, well beneath the US-listed Technology peer median of 2.8x.
Bear case
- Profitability has turned negative, resulting in a net loss of -$2.7M in FY2025 and an EPS of -$5.53 over the trailing twelve months.
- Gross margins have narrowed in four consecutive years, sliding from 19.2% in FY2021 to 10.0% in FY2025.
- The stock has dropped 84.1% over the past 12 months, trading 64.9% below its 200-day moving average.
What Skycorp Solar does
Skycorp Solar Group Limited, which changed its name to PN Smart Energy Limited in June 2026, operates through two primary segments: Solar PV Products and High Performance Computing Products. The company designs, develops, manufactures, and sells solar PV products and system solution services across Mainland China, other parts of Asia, and internationally. Its offerings include solar cables, connectors, and hybrid energy storage systems containing hybrid inverters and energy storage batteries. In addition, it provides new and used GPU and high-performance computing (HPC) servers, as well as accessories like mobile data centers, power supply units, server fans, and control boards.
Growth and profitability
Between FY2021 and FY2025, revenue increased from $40.3M to $63.3M, achieving an 11.9% 4-year CAGR. After experiencing revenue contractions of 14.0% in FY2023 and 1.9% in FY2024, top-line growth rebounded 27.0% in FY2025. However, gross margin steadily contracted from 19.2% in FY2021 to 10.0% in FY2025. Net income dropped from $2.1M in FY2021 to a loss of -$2.7M in FY2025, pushing net margin to -4.3%. For the trailing twelve months ending June 30, 2026, revenue stood at $64.6M with a profit margin of -15.5% and EPS of -$5.53. In the latest quarter, quarterly revenue grew 5.5% year-over-year while quarterly earnings declined 92.8%.
Balance sheet and cash flow
As of June 30, 2026, the company held $1.1M in cash and short-term investments against $1.1M in total debt, leaving net debt at $9,907. Total assets stood at $8.5M alongside shareholders' equity of $4.4M. Its liquidity profile shows a current ratio of 1.50 and a debt-to-equity ratio of 0.25. In FY2025, operating cash flow was $2.9M and free cash flow was $2.4M, supported by capital expenditures of $515,357.
Valuation and performance
With a market capitalization of $33.3M and an enterprise value of $44.5M, the stock trades at a price-to-sales multiple of 0.5x and an EV/revenue multiple of 0.7x. These compare to a median price-to-sales ratio of 2.8x for the US-listed Technology peer group. The stock trades at an EV/EBITDA of 7.6x, below the US-listed Technology peer median of 16.6x, and a price-to-book ratio of 1.4x. Over the past year, the stock fell 84.1%, trailing the S&P 500 (SPY) gain of 16.8%.
What analysts expect
Wall Street analyst ratings, consensus price targets, earnings surprise track records, and upcoming earnings dates are not available for the company. Ownership data shows that insiders hold 1.4% of shares, institutional investors hold 0.7%, and short interest accounts for 1.0% of the float.
Key risks and what to watch
- Cash and short-term investments stood at $1.1M against total debt of $1.1M as of June 30, 2026, offering limited liquidity buffers.
- Quarterly earnings fell 92.8% year-over-year in the quarter ended June 30, 2026, demonstrating ongoing earnings volatility.
- The trailing twelve-month operating margin stands at -27.8%, well below the US-listed Technology peer median of 13.2%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this PN AI stock analysis
This page is an AI-written research summary of Skycorp Solar Group Limited (PN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: PN income statement, PN balance sheet, PN key metrics, PN chart. See the PN stock overview for the latest quote and news.
PN AI stock analysis FAQ
What products does PN Smart Energy offer?
The company sells solar PV products such as cables, connectors, hybrid inverters, and energy storage batteries, as well as high-performance computing servers, GPUs, and server accessories.
What was the company's revenue and profit in FY2025?
In FY2025, the company generated revenue of $63.3M, which was up 27.0% year-over-year, and recorded a net loss of -$2.7M.
Does PN pay a dividend?
The company does not pay a dividend.
How has the stock performed over the past year?
Over the past 12 months, the stock returned -84.1%, closing at $2.25 on October 16, 2026, compared to a 16.8% return for the S&P 500.