Chinese renewable-energy developer Sky Solar Holdings (NASDAQ:SKYS) has delayed its U.S. initial public offering for the second time and cut the amount it aims to raise by more than two thirds, Bloomberg reported. Over the past week, Sky Solar has reduced its target from US$150 million to US$48 million, and lowered its pricing range by more than a third, to as little as US$7 for each American depository receipt. Shares of Chinese solar manufacturers have slumped the last four years as a global supply glut pushed down panel and component prices, and import tariffs imposed by Europe and U.S. crimped demand.