AZRE is up 8% on announcement to purchase high performance solar modules

Shares of Azure Power Global Ltd (AZRE) are trading 8% higher at a price of $6.47 at the time of this writing. The Utilities sector is having a generally mildly red day, this hasn't really affected the stock's share price, as it flying past other names in the space.

1. Azure Power has signed a deal to purchase 600 MW of high-performance PV modules from First Solar.
2. This is a significant deal, as it will help the company expand its presence in India.

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 $313 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.