Azure Power Global (AZRE) Given Media Sentiment Rating of 0.11
News coverage about Azure Power Global (NYSE:AZRE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Azure Power Global earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 45.7573606355048 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Azure Power Global (AZRE) opened at $14.70 on Friday. Azure Power Global has a 1 year low of $14.20 and a 1 year high of $22.00. The company has a debt-to-equity ratio of 3.77, a quick ratio of 3.40 and a current ratio of 3.40.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Azure Power Global from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. BidaskClub cut shares of Azure Power Global from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, Roth Capital set a $22.00 price target on shares of Azure Power Global and gave the company a “buy” rating in a research note on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.00.
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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