Azure Power Global (AZRE) Given Media Sentiment Score of 0.30
News coverage about Azure Power Global (NYSE:AZRE) has been trending positive on Saturday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Azure Power Global earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 44.695051774038 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- A look under the hood of our Power BI solution template (blogs.msdn.microsoft.com)
- Microsoft Ignite 2017: It’s all about choice, from SQL Server 2017 to Azure Machine Learning (zdnet.com)
- BRIEF-Azure Power wins 260 MW solar power project in Gujarat (reuters.com)
- Azure Power Global : Roof Power to Expand Electrification of Indian Railways (4-traders.com)
- Trading summary of Watch List stock – Azure Power Global Limited (AZRE) – Wall Street Morning (wallstreetmorning.com)
Several research firms have issued reports on AZRE. BidaskClub upgraded shares of Azure Power Global from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Azure Power Global from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Roth Capital set a $22.00 price target on shares of Azure Power Global and gave the stock a “buy” rating in a report on Sunday, August 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.00.
Azure Power Global (NYSE:AZRE) remained flat at $15.90 during mid-day trading on Friday. 13,009 shares of the company’s stock traded hands. The stock’s market cap is $412.38 million. The firm’s 50-day moving average is $14.44 and its 200-day moving average is $14.44. Azure Power Global has a 52 week low of $12.73 and a 52 week high of $19.99.
Azure Power Global (NYSE:AZRE) last released its quarterly earnings data on Friday, August 11th. The energy company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $29.06 million for the quarter, compared to analysts’ expectations of $28.50 million. Azure Power Global had a negative net margin of 18.15% and a negative return on equity of 9.96%. Equities analysts anticipate that Azure Power Global will post ($0.47) 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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