Azure Power Global Stock Forecast, Price & News

Azure Power Global's stock was trading at $16.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AZRE stock has increased by 77.2% and is now trading at $28.39.
View which stocks have been most impacted by COVID-19.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Azure Power Global.

Azure Power Global is scheduled to release its next quarterly earnings announcement on Friday, November 20th 2020.
View our earnings forecast for Azure Power Global.

Azure Power Global Ltd (NYSE:AZRE) released its quarterly earnings results on Thursday, August, 13th. The energy company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.23) by $0.30. The energy company had revenue of $52.20 million for the quarter, compared to analysts' expectations of $50.50 million. Azure Power Global had a negative net margin of 18.28% and a negative return on equity of 6.33%.
View Azure Power Global's earnings history.

Azure Power Global issued an update on its FY 2021 After-Hours earnings guidance on Thursday, August, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $209-220 million, compared to the consensus revenue estimate of $208.95 million.

6 brokers have issued 1 year price objectives for Azure Power Global's stock. Their forecasts range from $15.20 to $38.00. On average, they expect Azure Power Global's stock price to reach $26.04 in the next twelve months. This suggests that the stock has a possible downside of 8.3%.
View analysts' price targets for Azure Power Global.

Azure Power Global saw a increase in short interest in September. As of September 30th, there was short interest totaling 127,400 shares, an increase of 254.9% from the September 15th total of 35,900 shares. Based on an average daily volume of 116,400 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the company's shares are sold short.
View Azure Power Global's Short Interest.

Some companies that are related to Azure Power Global include China Resources Power (CRPJY), Enel Generación Chile (EOCC), IDACORP (IDA), NextEra Energy Partners (NEP), Ormat Technologies (ORA), PNM Resources (PNM), Hawaiian Electric Industries (HE), Black Hills (BKH), Enel Chile (ENIC), Portland General Electric (POR), Companhia Paranaense de Energia - COPEL (ELP), Atlantica Yield (AY), CEMIG (CIG), Companhia Paranaense de Energia - COPEL (ELPVY) and Centrica (CPYYY).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Azure Power Global investors own include Canadian Solar (CSIQ), Verizon Communications (VZ), Allena Pharmaceuticals (Alna), Enterprise Products Partners (EPD), Gilead Sciences (GILD), JD.com (JD), Rapid7 (RPD), AT&T (T), AstraZeneca (AZN) and Enphase Energy (ENPH).

(AZRE) raised $150 million in an IPO on Wednesday, October 12th 2016. The company issued 6,800,000 shares at a price of $21.00-$23.00 per share. Barclays and Credit Suisse acted as the underwriters for the IPO and Roth Capital Partners was co-manager.

Azure Power Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZRE."

Shares of AZRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AZRE stock can currently be purchased for approximately $28.39.

Azure Power Global has a market capitalization of $1.36 billion and generates $171.90 million in revenue each year. The energy company earns $-30,000,000.00 in net income (profit) each year or ($0.47) on an earnings per share basis. Azure Power Global employs 539 workers across the globe.

The official website for Azure Power Global is www.azurepower.com.

Azure Power Global's mailing address is 3RD FLOOR WORLDMARK 3 AEROCITY, NEW DELHI K7, 110037. The energy company can be reached via phone at 91-11-4940-9800 or via email at [email protected]