Barclays PLC began coverage on shares of Azure Power Global Ltd (NYSE:AZRE) in a report released on Thursday. The brokerage set an “overweight” rating on the stock.

Other research analysts also recently issued research reports about the company. Credit Suisse Group AG set a $21.00 price objective on Azure Power Global and gave the stock a “buy” rating in a report on Thursday, November 24th. Roth Capital started coverage on Azure Power Global in a report on Tuesday. They set a “buy” rating and a $22.00 price objective on the stock.

Shares of Azure Power Global (NYSE:AZRE) opened at 17.50 on Thursday. The firm’s market cap is $30.77 million. The company’s 50-day moving average price is $16.39 and its 200-day moving average price is $16.39. Azure Power Global has a 52-week low of $12.73 and a 52-week high of $18.55.

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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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