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Why Azure Power Stock Tumbled Again Today

No reasonable investor wants to get involved in a falling-knife scenario, and that fear seemed to be driving down the shares of Azure Power Global (NYSE: AZRE) on Wednesday. Azure issued a new update on Wednesday, which was obviously intended to comfort investors but had the opposite effect. The major ones are the recent revelation of a whistleblower complaint earlier this year, the delay in the company's annual report, and the abrupt departure of CEO Harsh Shah after serving a very short stint.