Azure Power Global Limited Sees Significant Decline in Short Interest

AZREDelisted Stock  USD 0.34  1.24  78.48%   
About 61% of Azure Power's investor base is looking to short. The analysis of current outlook of investing in Azure Power Global suggests that many traders are alarmed regarding Azure Power's prospects. The current market sentiment, together with Azure Power's historical and current headlines, can help investors time the market. In addition, many technical investors use Azure Power Global stock news signals to limit their universe of possible portfolio assets.
  
Azure Power Global Limited saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 896,800 shares, a decrease of 8.3 percent from the April 15th total of 977,500 shares. Based on an average daily trading volume, of 293,000 shares, the short-interest

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Azure Power Fundamental Analysis

We analyze Azure Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Azure Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Azure Power based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Current Valuation

Current Valuation Comparative Analysis

Azure Power is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Azure Power Global Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Azure Power stock to make a market-neutral strategy. Peer analysis of Azure Power could also be used in its relative valuation, which is a method of valuing Azure Power by comparing valuation metrics with similar companies.

Peers

Azure Power Related Equities

ENLTEnlight Renewable   3.07   
0%
100.0%
ORAOrmat Technologies   0.79   
0%
25.0%
FLNCFluence Energy   0.59   
0%
19.0%
NRGVEnergy Vault   0.54   
0%
17.0%
RNWRenew Energy   0.42   
0%
13.0%
AMPSAltus Power   0.26   
0%
8.0%
BEPBrookfield Renewable   0.25   
0%
8.0%
AYAtlantica Sustainable   0.05   
0%
1.0%
NEPNextera Energy   0.28   
9.0%
0%
BEPCBrookfield Renewable   0.84   
27.0%
0%
CWENClearway Energy   1.87   
60.0%
0%
CWEN-AClearway Energy   1.99   
64.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Consideration for investing in Azure Stock

If you are still planning to invest in Azure Power Global check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Azure Power's history and understand the potential risks before investing.
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