SkyWater Technology, Inc. (SKYT)
NASDAQ (CM) NASDAQ (CM) Primary 
Wall Street Analysts Think SkyWater Technology (SKYT) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
SkyWater Technology: Impressive Top-Line Results
SkyWater Technology, Inc. shares surged in response to strong second quarter results, as the company has reached break-even levels. The company is on track to become profitable and expects to maintain strong performance in the third quarter, with green shoots materializing. Despite recent growth and potential profitability around the corner, caution is advised due to past disappointments and lack of profitability for years.
SkyWater Technology, Inc. (SKYT) Q2 2024 Earnings Call Transcript
SkyWater Technology, Inc. (NASDAQ:SKYT ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - CEO Steve Manko - CFO Conference Call Participants Harsh Kumar - Piper Sandler Shadi Mitwalli - Needham and Company Richard Shannon - Craig Hallum Ezra Weener - Jefferies Operator Good afternoon. My names is Rodger, and I will be your conference operator today.
Analyzing SkyWater Technology (NASDAQ:SKYT) and SPI Energy (NASDAQ:SPI)
SPI Energy (NASDAQ:SPI – Get Free Report) and SkyWater Technology (NASDAQ:SKYT – Get Free Report) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their valuation, dividends, analyst recommendations, risk, earnings, profitability and institutional ownership. Valuation and Earnings This table compares SPI Energy and SkyWater Technology’s revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio SPI Energy $209.53 million 0.10 -$33.42 million ($0.88) -0.72 SkyWater Technology $286.68 million 1.43 -$30.76 million ($0.69) -12.57 SkyWater Technology has higher revenue and earnings than SPI Energy. SkyWater Technology is trading at a lower price-to-earnings ratio than SPI Energy, indicating that it is currently the more affordable of the two stocks. Insider and Institutional Ownership 1.7% of SPI Energy shares are owned by institutional investors. Comparatively, 70.0% of SkyWater Technology shares are owned by institutional investors. 24.6% of SPI Energy shares are owned by insiders. Comparatively, 42.6% of SkyWater Technology shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term. Analyst Ratings This is a breakdown of current ratings for SPI Energy and SkyWater Technology, as provided by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score SPI Energy 0 0 0 0 N/A SkyWater Technology 0 0 4 0 3.00 SkyWater Technology has a consensus price target of $13.25, suggesting a potential upside of 52.83%. Given SkyWater Technology’s higher possible upside, analysts plainly believe SkyWater Technology is more favorable than SPI Energy. Profitability This table compares SPI Energy and SkyWater Technology’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets SPI Energy -11.77% -167.64% -9.56% SkyWater Technology -10.73% -32.59% -6.66% Risk and Volatility SPI Energy has a beta of 0.76, indicating that its stock price is 24% less volatile than the S&P 500. Comparatively, SkyWater Technology has a beta of 4.18, indicating that its stock price is 318% more volatile than the S&P 500. Summary SkyWater Technology beats SPI Energy on 12 of the 13 factors compared between the two stocks. About SPI Energy (Get Free Report) SPI Energy Co., Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. It also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers, including government-owned utility companies. In addition, the company sells self-assembled solar modules, forklifts, pre-development solar projects, component and charging stations, as well as offers shipping, delivery, engineering, and maintenance services. As of April, 2022, it owned and operated 17.51 megawatts of solar projects. The company is headquartered in Sacramento, California. About SkyWater Technology (Get Free Report) SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aerospace and defense, automotive, bio-health, consumer, and industrial sectors. The company was incorporated in 2016 and is headquartered in Bloomington, Minnesota.
1 Small-Cap Chip Stock Just Tanked Nearly 30% -- Time to Buy?
Shares of SkyWater Technology fell, seemingly on an earnings miss, but there's more to the story. The company is making progress in advancing its chip manufacturing business.
