Azure Power Global Ltd (AZRE) Shares Bought by Cohen & Steers Inc.
Cohen & Steers Inc. grew its holdings in Azure Power Global Ltd (NYSE:AZRE) by 31.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 455,571 shares of the energy company’s stock after purchasing an additional 108,906 shares during the period. Cohen & Steers Inc. owned approximately 1.75% of Azure Power Global worth $7,244,000 as of its most recent SEC filing.
Separately, Bank of America Corp DE raised its holdings in shares of Azure Power Global by 1.8% during the first quarter. Bank of America Corp DE now owns 10,529 shares of the energy company’s stock worth $197,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.
Azure Power Global Ltd (NYSE AZRE) opened at $13.25 on Monday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.77. Azure Power Global Ltd has a 1 year low of $13.00 and a 1 year high of $22.00.
Several analysts recently issued reports on the company. BidaskClub lowered Azure Power Global from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Zacks Investment Research upgraded Azure Power Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Roth Capital set a $22.00 price objective on Azure Power Global and gave the stock a “buy” rating in a report on Sunday, August 20th.
Azure Power Global Company Profile
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.
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