Credit Suisse analyst Maheep Mandloi maintained a Buy rating on Azure Power Global (AZRE) yesterday and set a price target of $22. The company’s shares closed yesterday at $10.94, close to its 52-week low of $10.09.
According to TipRanks.com, Mandloi is ranked #3407 out of 4890 analysts.
Currently, the analyst consensus on Azure Power Global is a Moderate Buy with an average price target of $22.
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Based on Azure Power Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $119.7K. In comparison, last year the company had a GAAP net loss of $16.81 million.
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Azure Power Global Ltd. is a holding company, which engages in the development, production, and sale of solar energy. It offers services to government utilities; and independent industrial and commercial customers. The company was founded by Harkanwal Singh Wadhwa and Inderpreet Singh Wadhwa in 2008 and is headquartered in New Delhi, India.
