Recent strength in the solar space could help push the stock higher.
First Solar (FSLR) secures a deal to supply 600 MW-dc of solar modules to the India-based renewable energy producer, Azure Power Global Limited.
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.