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AZRE

Azure Power

$10.17

0.79 (8.42%)

09:47
01/28/19
01/28
09:47
01/28/19
09:47

Azure Power rises 8.0%

Azure Power is up 8.0%, or 75c to $10.17.

AZRE Azure Power
$10.17

0.79 (8.42%)

01/08/19
01/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. VMware (VMW) resumed with a Buy at Citi. 2. CSX (CSX) and Kansas City Southern (KSU) were initiated with an Overweight at Atlantic Equities, while Union Pacific (UNP) was initiated with a Neutral. 3. First Solar (FSLR) and TerraForm Power (TERP) were initiated with an Overweight at Barclays, Covanta (CVA) and Azure Power (AZRE) were initiated with an Equal Weight, and SunPower (SPWR) was initiated with an Underweight. 4. At Home Group (HOME) initiated with a Buy at Monness Crespi. 5. Chemours (CC) initiated with a Buy at HSBC. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/07/19
LEHM
01/07/19
INITIATION
LEHM
Equal Weight
Azure Power initiated with an Equal Weight at Barclays
Barclays analyst Moses Sutton initiated Azure Power with an Equal Weight rating and a $12 price target. The analyst said he expects continued success for the company "riding the wave of Indian solar growth over the coming years," but noted that trading liquidity is still weak and he thinks it will be "tough to find a hard catalyst that can re-energize the shares in the near/medium term."
10/11/18
JMPS
10/11/18
NO CHANGE
Target $30
JMPS
Outperform
Azure Power price target raised to $30 from $26 at JMP Securities
JMP Securities analyst Joseph Osha believes Azure Power's successful $185M equity offering last week positions the company to build out up to 5GW with no need for additional capital. It is possible that Azure Power's expansion could become self-funding beyond that, though that will depend upon the pace of expansion and whether the company is returning capital to shareholders, Osha added. He believes the market is still worried about the company's access to debt, but Osha notes that some of the most recent debt funding announcements seem to have come in at rates close to what he anticipated and sees "plenty of room in Azure Power's operating model." He raised his price target on Azure shares to $30 from $26 and keeps an Outperform rating on the stock.
10/09/18
FBCO
10/09/18
NO CHANGE
Target $22
FBCO
Outperform
Azure Power price target lowered to $22, Outperform reinstated at Credit Suisse
Credit Suisse analyst Maheep Mandloi reinstated an Outperform rating on Azure Power shares and lowered his price target on the stock to $22 from $24 after the recent $200M equity issuance that secures capital for long-term growth and helps increase trading liquidity. His positive thesis is based on a booming solar market growing at 35% CAGR due to policy support, attractive project returns benefiting from module supply glut, an underestimated overloading strategy that generates 40% more energy for 15% higher costs, in-house EPC that enables higher leverage, compressing spreads that offset rate pressure, higher marginal operating leverage, strong support from existing shareholders, and a fully funded growth strategy.

TODAY'S FREE FLY STORIES

ARWR

Arrowhead

$36.61

2.11 (6.12%)

, AMGN

Amgen

$203.60

0.32 (0.16%)

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AMGN

Amgen

$203.60

0.32 (0.16%)

JNJ

Johnson & Johnson

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SXT

Sensient

$66.57

0.4 (0.60%)

18:32
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T

AT&T

$37.82

0.03 (0.08%)

18:31
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HBO Max to stream Studio Ghibli films, Reuters says »

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OMAB

OMA

$52.10

0.47 (0.91%)

18:19
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Earnings
OMA reports Q3 net income MXN858M vs. MXN725M last year »

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  • 18

    Oct

MAR

Marriott

$120.57

-0.55 (-0.45%)

18:13
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  • 05

    Nov

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

, SPX

S&P 500

$0.00

(0.00%)

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General news
NY Fed's Williams Condition in money markets highly volatile over past month »

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SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

SPX

S&P 500

$0.00

(0.00%)

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GM

General Motors

$36.20

-0.45 (-1.23%)

17:47
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Periodicals
GM strike to continue until deal with UAW is ratified, WSJ says »

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    Oct

T

AT&T

$37.82

0.03 (0.08%)

17:37
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AT&T, Elliott Management in talks to resolve activist campaign, WSJ reports »

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  • 28

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WAL

Western Alliance

$46.24

0.53 (1.16%)

17:27
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Earnings
Western Alliance reports Q3 EPS $1.24, consensus $1.19 »

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RNLSY

Renault

$0.00

(0.00%)

17:25
10/17/19
10/17
17:25
10/17/19
17:25
Downgrade
Renault rating change  »

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LOVE

Lovesac

$19.10

0.63 (3.41%)

17:24
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Hot Stocks
Park West Management reports 5.1% passive stake in Lovesac »

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  • 17

    Dec

T

AT&T

$37.82

0.03 (0.08%)

17:24
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Periodicals
Breaking Periodicals news story on AT&T »

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  • 28

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ATVI

Activision Blizzard

$55.60

0.01 (0.02%)

17:16
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Hot Stocks
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  • 18

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:11
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Hot Stocks
Brandywine Realty sees FY19 year-end core occupancy at 94%-95% »

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  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:10
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  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:09
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Earnings
Brandywine Realty sees FY20 initial FFO $1.41-$1.51, consensus $1.46 »

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  • 18

    Oct

GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
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Earnings
Gildan Activewear cuts FY19 adj. EPS view to $1.65-$1.70 from $1.95-$2.00 »

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
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Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
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Earnings
Brandywine Realty reports Q3 FFO 36c, consensus 36c »

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  • 18

    Oct

GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:06
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17:06
Earnings
Gildan Activewear sees Q3 adjusted EPS roughly 53c, consensus 57c »

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ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

17:04
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Hot Stocks
Intuitive Surgical increases FY19 procedure growth view to 17%-18% from 16%-17% »

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  • 17

    Oct

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SAVE

Spirit Airlines

$36.70

0.645 (1.79%)

17:01
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Hot Stocks
Spirit Airlines announces $250M global HQ investment »

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  • 24

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ICBK

County Bancorp

$19.38

0.065 (0.34%)

17:01
10/17/19
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Earnings
County Bancorp reports Q3 EPS 82c, consensus 49c »

"We are very pleased…

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  • 18

    Oct

QTNT

Quotient

$7.87

0.08 (1.03%)

16:59
10/17/19
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Hot Stocks
Quotient sees Q2 revenue higher than guided on positive IH microarray data »

Quotient announced the…

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  • 25

    Oct

BA

Boeing

$369.13

-3.19 (-0.86%)

16:59
10/17/19
10/17
16:59
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16:59
Periodicals
Emirates exec says Boeing 777X delays may affect fleet plans, Reuters says »

Emirates president Tim…

03/08/13
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  • 23

    Oct

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