Essex Investment Management Co. LLC boosted its position in shares of Azure Power Global Ltd. (NYSE:AZRE) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,982 shares of the energy company’s stock after buying an additional 19,326 shares during the period. Essex Investment Management Co. LLC owned approximately 0.82% of Azure Power Global worth $3,474,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of AZRE. CAPROCK Group Inc. bought a new position in shares of Azure Power Global during the second quarter valued at approximately $220,000. Handelsbanken Fonder AB boosted its position in shares of Azure Power Global by 32.0% in the second quarter. Handelsbanken Fonder AB now owns 105,014 shares of the energy company’s stock valued at $1,762,000 after buying an additional 25,431 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Azure Power Global during the first quarter valued at approximately $328,000. Bank of America Corp DE boosted its position in shares of Azure Power Global by 1.8% in the first quarter. Bank of America Corp DE now owns 10,529 shares of the energy company’s stock valued at $197,000 after buying an additional 190 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Azure Power Global by 7.9% in the first quarter. Morgan Stanley now owns 652,261 shares of the energy company’s stock valued at $12,171,000 after buying an additional 47,731 shares during the last quarter. 45.51% of the stock is owned by institutional investors.
Azure Power Global Ltd. (NYSE:AZRE) opened at 15.74 on Thursday. The company’s market cap is $407.90 million. Azure Power Global Ltd. has a 12 month low of $12.73 and a 12 month high of $22.00. The stock’s 50 day moving average is $16.12 and its 200 day moving average is $16.83.
Azure Power Global (NYSE:AZRE) last posted its quarterly earnings results on Friday, August 11th. The energy company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.03. The company had revenue of $29.06 million during the quarter, compared to analyst estimates of $28.50 million. Azure Power Global had a negative return on equity of 9.96% and a negative net margin of 18.15%. Equities analysts predict that Azure Power Global Ltd. will post $0.50 earnings per share for the current year.
About Azure Power Global
Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts.
Receive News & Ratings for Azure Power Global Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azure Power Global Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
