Azure Power Global (AZRE) Receives Daily Media Impact Score of 0.11
Media headlines about Azure Power Global (NYSE:AZRE) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Azure Power Global earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 44.9040455672854 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, Zacks Investment Research raised Azure Power Global from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th.
Shares of Azure Power Global (NYSE AZRE) opened at 14.74 on Tuesday. The company’s market capitalization is $381.99 million. Azure Power Global has a one year low of $12.73 and a one year high of $22.00. The company has a 50-day moving average price of $16.31 and a 200 day moving average price of $16.93.
Azure Power Global (NYSE:AZRE) last released its earnings results on Monday, June 19th. The energy company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.16. Azure Power Global had a negative net margin of 34.55% and a negative return on equity of 37.63%. The company had revenue of $20.32 million during the quarter, compared to the consensus estimate of $21.50 million. On average, analysts forecast that Azure Power Global will post $0.42 EPS for the current fiscal year.
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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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