Skycorp Solar Stock Jumps After $20.2 Million Deal — The Dilution Question Investors Are Watching
Shares of Skycorp Solar Group Ltd surged 88.8% to $5.41 Monday afternoon on Nasdaq, following news that the Chinese solar firm will acquire the remaining 56% stake in Nanjing Cesun Power Co. through a stock transaction, and raise $3 million via a private placement. Volume soared, with more than 46.9 million shares changing hands—well above the usual pace.
