Today’s Rating On Watch: Roth Capital Will Now Analyze Azure Power Gl (AZRE); Has $22.00 Target

November 29, 2016 - By Winifred Garcia

Today's Rating On Watch: Roth Capital Will Now Analyze Azure Power Gl (AZRE); Has $22.00 Target

Why Roth Capital Gives Azure Power Gl (AZRE) $22.00 Price Target

Roth Capital issued a Buy rating on Azure Power Gl (AZRE). The firm has begun coverage on shares of AZRE in a analysts report issued to clients on Tuesday, 29 November. Roth Capital’s target price would indicate upside of 22.56% from the company’s current stock price.

About 2,173 shares traded hands. Azure Power Global Ltd (AZRE) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

Azure Power Global Limited is an India power producer. The company has a market cap of $462.71 million. The Firm sells solar power in India on long term fixed price contracts to its customers. It currently has negative earnings. The Firm is also developing micro-grid applications for the highly fragmented and underserved electricity market in India.

According to Zacks Investment Research, “Azure Power Global Limited is a producer and developer of solar energy. The Company’s services include design, engineering and construction of grid integrated solar installations; off grid solar installations for villages, hamlets and remote areas; turnkey solar installations for commercial and residential complexes on roof tops, as back up and alternate source, and operation and maintenance of solar installations. Azure Power Global Limited is based in New Delhi, India.”

More notable recent Azure Power Global Ltd (NYSE:AZRE) news were published by: Streetinsider.com which released: “Roth Capital Starts Azure Power Global Limited (AZRE) at Buy” on November 29, 2016, also Prnewswire.com with their article: “Azure Power Global Limited Announces Launch of its Initial Public Offering” published on September 22, 2016, Prnewswire.com published: “Azure Power Global Limited Announces Pricing of its Initial Public Offering” on October 12, 2016. More interesting news about Azure Power Global Ltd (NYSE:AZRE) were released by: Quotes.Wsj.com and their article: “News Azure Power Global Ltd.AZRE” published on May 07, 2016 as well as Bloomberg.com‘s news article titled: “India’s Azure Power Files $100 Million IPO to List Stock on NYSE” with publication date: December 17, 2015.

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