Credit Suisse Group AG Analysts Give Azure Power Global Ltd (AZRE) a $21.00 Price Target
Azure Power Global Ltd (NYSE:AZRE) received a $21.00 price target from analysts at Credit Suisse Group AG in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 16.80% from the company’s previous close.
Azure Power Global (NYSE:AZRE) traded up 2.68% during midday trading on Thursday, reaching $17.98. The company had a trading volume of 67,343 shares. The company’s market capitalization is $31.61 million. Azure Power Global has a 1-year low of $12.73 and a 1-year high of $18.55. The firm has a 50-day moving average of $16.34 and a 200 day moving average of $16.34.
Azure Power Global Company Profile
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.
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.