Azure Power (AZRE) Getting Favorable Press Coverage, Report Finds

News headlines about Azure Power (NYSE:AZRE) have trended positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Azure Power earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 45.1616489110992 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Separately, Zacks Investment Research cut Azure Power from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th.

Shares of Azure Power stock opened at $15.28 on Friday. Azure Power has a 12 month low of $12.53 and a 12 month high of $18.10. The company has a market cap of $402.77 million, a price-to-earnings ratio of -8.88 and a beta of 1.85. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 3.90.

About Azure Power

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates solar energy based on long-term contracts with Indian government entities, as well as other non-governmental energy distribution companies and commercial customers.

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