Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Azure Power Global (AZRE) Stock Price
News stories about Azure Power Global (NYSE:AZRE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing 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 positive one, with scores closest to one being the most favorable. Azure Power Global earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 46.3722084445341 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Azure Power Global from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub upgraded Azure Power Global from a “sell” rating to a “hold” rating in a research note on Thursday, October 19th.
Azure Power Global (NYSE:AZRE) opened at $16.53 on Monday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 3.40 and a current ratio of 3.40. Azure Power Global has a 52 week low of $12.53 and a 52 week high of $22.00. The firm has a market capitalization of $429.53, a price-to-earnings ratio of -21.19 and a beta of 2.07.
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 & Ratings for Azure Power Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azure Power Global and related companies with MarketBeat.com's FREE daily email newsletter.