November 30, 2016 - By Adrian Mccoy
New York: Azure Power (NYSE:AZRE) coverage was was started with a “Buy” rating and $22.00 price target at Roth Capital. Roth Capital’s price target would indicate upside of 23.46% from the company’s current stock price.
The stock decreased 0.45% or $0.08 on November 29, hitting $17.82. Azure Power Global Ltd (NYSE:AZRE) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
Azure Power Global Limited is an India power producer. The company has a market cap of $459.36 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: Prnewswire.com which released: “Azure Power Global Limited Announces Launch of its Initial Public Offering” on September 22, 2016, also Prnewswire.com with their article: “Azure Power Global Limited Announces Pricing of its Initial Public Offering” published on October 12, 2016, Quotes.Wsj.com published: “News Azure Power Global Ltd.AZRE” on May 07, 2016. More interesting news about Azure Power Global Ltd (NYSE:AZRE) were released by: Bloomberg.com and their article: “India’s Azure Power Files $100 Million IPO to List Stock on NYSE” published on December 17, 2015 as well as Marketwatch.com‘s news article titled: “Azure Power started at outperform with $21 stock price target at Credit Suisse” with publication date: December 22, 2015.
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By Adrian Mccoy