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Why Shares of Azure Power Global Limited Jumped Today

·2-min read
Why Shares of Azure Power Global Limited Jumped Today
In this article:
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Up until today, the dog days of summer had taken a pretty sizable bite out of shares of Azure Power (NYSE: AZRE), an independent renewable power utility located in India, with the stock plummeting more than 25% from the start of August through yesterday. Powering the surge in the stock's rise today, Azure Power reported first-quarter 2022 results yesterday after the market closed. Azure Power reported that the operating capacity of its portfolio at the end of Q1 2022 was 2,052 megawatts, a 23% year-over-year increase, and it seems poised to continue growing in the months to come.

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