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AZRE

Azure Power

$10.40

0.02 (0.19%)

06:10
08/12/19
08/12
06:10
08/12/19
06:10

Azure Power raises FY20 revenue view to $185M-$194M from $185M-$193M

Consensus $192.09M. For FY20 the company continues to expect to have between 1,800-1,900 MWs operational.

  • 12

    Aug

AZRE Azure Power
$10.40

0.02 (0.19%)

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.
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.
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."
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.

TODAY'S FREE FLY STORIES

LLY

Eli Lilly

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FL

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RGR

Sturm, Ruger

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0.69 (1.69%)

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Vista Outdoor

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TOT

Total

$48.98

-0.18 (-0.37%)

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KMPR

Kemper

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0.48 (0.64%)

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CRM

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0.86 (0.58%)

, INTU

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0.86 (0.58%)

INTU

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PVTL

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0.01 (0.07%)

CBLK

Carbon Black

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1.77 (7.78%)

HPQ

HP Inc.

$18.91

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RAVN

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$31.36

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VMW

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$148.15

0.11 (0.07%)

ROST

Ross Stores

$107.31

1.63 (1.54%)

GPS

Gap

$17.75

0.79 (4.66%)

HAS

Hasbro

$114.35

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TLND

Talend

$39.24

0.12 (0.31%)

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BA

Boeing

$354.47

14.44 (4.25%)

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  • 03

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DB

Deutsche Bank

$7.17

0.155 (2.21%)

18:32
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

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Periodicals
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S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

, GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

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FB

Facebook

$182.08

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TWTR

Twitter

$42.17

-0.63 (-1.47%)

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NUAN

Nuance

$17.31

-0.14 (-0.80%)

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CRM

Salesforce

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RVLT

Revolution Lighting

$0.34

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IBKC

Iberiabank

$70.16

-0.38 (-0.54%)

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  • 23

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

, ORCL

Oracle

$53.18

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ORCL

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CRM

Salesforce

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AAC

AAC Holdings

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-0.0327 (-5.17%)

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  • 23

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

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  • 22

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TRPX

Therapix Biosciences

$2.35

(0.00%)

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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

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VMW

VMware

$148.15

0.11 (0.07%)

17:19
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CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

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CRWD

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$93.04

-3.5 (-3.63%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

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  • 05

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