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Adani Green Energy Limited is currently in a long term downtrend where the price is trading 4.2% below its 200 day moving average.
From a valuation standpoint, the stock is 1312.2% more expensive than other stocks from the Utilities sector with a price to sales ratio of 64.2.
Adani Green Energy Limited's total revenue rose by 48.6% to $7B since the same quarter in the previous year.
Its net income has increased by 135.3% to $438M since the same quarter in the previous year.
Finally, its free cash flow fell by 33.8% to $6B since the same quarter in the previous year.
Based on the above factors, Adani Green Energy Limited gets an overall score of 2/5.
| Industry | Utilities-Renewable |
|---|---|
| Sector | Utilities |
| ISIN | INE364U01010 |
| CurrencyCode | INR |
| Exchange | NSE |
| Dividend Yield | 0.0% |
|---|---|
| Beta | 0.9 |
| PE Ratio | 322.31 |
| Target Price | None |
| Market Cap | 1T |
Adani Green Energy Limited generates and supplies renewable energy to central and state government entities, and government backed corporations in India. The company builds, owns, and operates power plants through renewable sources, such as solar, wind, and hybrid. As of March 31, 2022, it operated solar power plants with an operational capacity of 4,763 megawatts (MW); and wind power plants with an operational capacity of 647 MW. The company was incorporated in 2015 and is based in Ahmedabad, India.
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