Shares of Azure Power Global Ltd (AZRE) are trading 10% higher at a price of $5.84 at the time of this writing. While the Utilities sector is having a slightly upbeat day in general, the company is strongly outshining it's peers.
There was no clear catalyst for the price pop at the time of this writing.
Azure Power Global Ltd has been trading between a 52-week high of $25.3 and a 52-week low of $3.26. The stock has a market cap of $282 Million.
Azure Power is a leading independent solar power producer with a pan-Indian portfolio. With its in-house engineering, procurement and construction expertise and advanced inhouse operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & micro grids, since its inception in 2008.