Sky Harbour Capital III Prices Upsized $150 Million Bonds

Sky Harbour Group ( (SKYH) ) has issued an update.

On January 29, 2026, the company’s Sky Harbour Capital III subsidiary priced $150 million in Series 2026 tax-exempt bonds at a 6% yield, upsized from $100 million after drawing $450 million in institutional orders, with issuance expected around February 12, 2026. Coupled with a $200 million expandable draw-down facility from J.P. Morgan, the proceeds are earmarked to fund construction of more than 1.2 million rentable square feet of hangar capacity across seven airports, positioning Sky Harbour to expand its HBO footprint and deepen investor partnerships that management says support higher project equity returns.

The most recent analyst rating on (SKYH) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.

Spark’s Take on SKYH Stock

According to Spark, TipRanks’ AI Analyst, SKYH is a Neutral.

The score is held back primarily by weak financial fundamentals—ongoing losses, high leverage, and negative operating/free cash flow—despite improving revenue and gross margin. Technicals are mixed with only a short-term lift while longer-term trend indicators remain negative. Valuation is difficult to support with a negative P/E and no dividend, partially offset by an earnings call that emphasized rapid growth and nearing cash-flow breakeven with improved financing access.

To see Spark’s full report on SKYH stock, click here.

More about Sky Harbour Group

Sky Harbour Group is an aviation infrastructure developer that builds, leases, and manages a nationwide network of Home Base Operator campuses for business aircraft across U.S. general aviation hubs.

Average Trading Volume: 112,498

Technical Sentiment Signal: Sell

Current Market Cap: $707.9M

See more data about SKYH stock on TipRanks’ Stock Analysis page.