Analysts at StockNews.com assumed coverage on shares of Azure Power Global (NYSE:AZRE – Get Free Report) in a note issued to investors on Friday. The firm set a “sell” rating on the energy company’s stock.
Azure Power Global Stock Performance
The firm’s 50-day simple moving average is $2.06 and its two-hundred day simple moving average is $2.79. Azure Power Global has a 1-year low of $1.50 and a 1-year high of $13.78.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AZRE. GSA Capital Partners LLP boosted its stake in Azure Power Global by 106.1% in the 4th quarter. GSA Capital Partners LLP now owns 190,871 shares of the energy company’s stock worth $823,000 after purchasing an additional 98,243 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in Azure Power Global by 76.2% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 754,372 shares of the energy company’s stock worth $3,251,000 after acquiring an additional 326,272 shares in the last quarter. Nia Impact Advisors LLC grew its stake in Azure Power Global by 2.6% during the 4th quarter. Nia Impact Advisors LLC now owns 249,150 shares of the energy company’s stock valued at $1,074,000 after acquiring an additional 6,337 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Azure Power Global in the 4th quarter valued at about $66,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Azure Power Global by 44.6% in the first quarter. Balyasny Asset Management L.P. now owns 20,150 shares of the energy company’s stock worth $50,000 after purchasing an additional 6,219 shares in the last quarter.
Azure Power Global Company Profile
Azure Power Global Limited operates as an independent sustainable energy solutions provider and power producer in India. The company builds and operates grid-scale solar, wind, and hybrid projects; and supplies generated renewable power to government utilities, and independent industrial and commercial customers on long term fixed price contracts.
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