Credit Suisse Downgrades Azure Power Global: Here's What You Need To Know


Credit Suisse downgraded its rating of Azure Power Global AZRE to Underperform with a price target of $5.00, changing its price target from $22.00 to $5.00.

Shares of Azure Power Global are trading down 25.84% over the last 24 hours, at $4.34 per share.

A move to $5.00 would account for a 15.26% increase from the current share price.

About Azure Power Global

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of leading Indian central and state government utilities and commercial entities.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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