The 71 new renewable projects will be spread across the globe, including the first renewable project in South America, a solar farm in Brazil. Further, solar farms in India and Poland will be built.
AMZN chart and analysis
The short-term trend for AMZN is negative, as is the long-term trend, while the stock traded from $120.70 to $137.83 over the past month, staying below all moving averages. Furthermore, technical analysis indicates a support line at $122.18 and a resistance zone from $127.89 to $129.67 for those looking to make an entry. TipRanks analysts rate the shares a ‘strong buy,’ with the average price in the next 12 months reaching $177.05, 44.90% higher than the current trading price of $122.19. Out of the 38 TipRanks analysts 37 have a buy rating and only one a hold rating, despite the long-term trend.
Achievable goal
At the moment, the firm has 379 renewable projects across 21 countries, including 154 wind and solar farms, supplemented with 225 rooftop solar projects, creating a total of 18.5 GW of renewable energy. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
