Credit Suisse Group AG initiated coverage on shares of Azure Power Global Ltd (NYSE:AZRE) in a research note published on Monday. The brokerage issued an outperform rating and a $21.00 target price on the stock.

Azure Power Global (NYSE:AZRE) opened at 16.95 on Monday. The stock’s market capitalization is $29.80 million. The stock’s 50 day moving average is $15.69 and its 200 day moving average is $15.69. Azure Power Global has a 12-month low of $12.73 and a 12-month high of $17.04.

About Azure Power Global

Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts.

5 Day Chart for NYSE:AZRE

Receive News & Stock Ratings for Azure Power Global Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azure Power Global Ltd and related stocks with our FREE daily email newsletter.