Azure Power Global Ltd (AZRE) Research Coverage Started at Credit Suisse Group AG
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.
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