NYSE:AZRE Azure Power Global Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Azure Power Global Limited Please log in to your account or sign up in order to add this asset to your watchlist. $11.71 +0.31 (+2.72%) (As of 07/1/2022 03:59 PM ET) Add Compare Share Today's Range$11.52▼$11.9550-Day Range$10.64▼$15.9052-Week Range$10.61▼$28.14Volume10,606 shsAverage Volume245,453 shsMarket Capitalization$565.94 millionP/E RatioN/ADividend YieldN/APrice Target$32.88 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Azure Power Global MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside180.7% Upside$32.88 Price TargetShort InterestBearish3.70% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.24Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth771.43%From $0.07 to $0.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.1.90 out of 5 starsOils/Energy Sector137th out of 398 stocksElectric Services Industry19th out of 58 stocks 3.5 Analyst's Opinion Consensus RatingAzure Power Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.88, Azure Power Global has a forecasted upside of 180.7% from its current price of $11.71.Amount of Analyst CoverageAzure Power Global has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.70% of the outstanding shares of Azure Power Global have been sold short.Short Interest Ratio / Days to CoverAzure Power Global has a short interest ratio ("days to cover") of 9.3.Change versus previous monthShort interest in Azure Power Global has recently increased by 12.58%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAzure Power Global does not currently pay a dividend.Dividend GrowthAzure Power Global does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AZRE. Previous Next 2.4 News and Social Media Coverage News SentimentAzure Power Global has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Azure Power Global this week, compared to 1 article on an average week.Search Interest2 people have searched for AZRE on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added Azure Power Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Azure Power Global insiders have not sold or bought any company stock. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Azure Power Global are expected to grow by 771.43% in the coming year, from $0.07 to $0.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Azure Power Global is -13.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Azure Power Global is -13.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAzure Power Global has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AZRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Azure Power Global and its competitors with MarketBeat's FREE daily newsletter. Email Address About Azure Power Global (NYSE:AZRE) StockAzure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India.Read More AZRE Stock News HeadlinesJuly 3, 2022 | americanbankingnews.comAzure Power Global (NYSE:AZRE) Lifted to "Hold" at StockNews.comJuly 2, 2022 | americanbankingnews.comAzure Power Global (NYSE:AZRE) Shares Gap Up to $11.06July 1, 2022 | finance.yahoo.comHarsh Shah joins Azure Power as Chief Executive OfficerJuly 1, 2022 | americanbankingnews.comAzure Power Global (NYSE:AZRE) Shares Down 8.8% June 18, 2022 | americanbankingnews.comAzure Power Global (NYSE:AZRE) Lowered to Sell at StockNews.comJune 9, 2022 | finance.yahoo.comFuelCell Energy (FCEL) Reports Q2 Loss, Lags Revenue EstimatesJune 1, 2022 | finance.yahoo.comArno Harris Resigns from Board of Directors at Azure PowerMay 13, 2022 | finance.yahoo.comLoss-making Azure Power Global (NYSE:AZRE) sheds a further ₹184m, taking total shareholder losses to 36% over 1 yearMay 11, 2022 | finance.yahoo.comAzure Power announces appointment of Delphine Voeltzel as Nominee Director from OMERS InfrastructureApril 26, 2022 | seekingalpha.comAzure Power CEO Gupta, COO Subramanian resignApril 26, 2022 | finance.yahoo.comAzure Power Announces Resignation of Ranjit Gupta as Chief Executive Officer and Murali Subramanian as Chief Operating OfficerMarch 29, 2022 | nasdaq.comAzure Power Global Limited Equity Shares (AZRE)March 14, 2022 | finance.yahoo.comAzure Power fully commissions its 300 MWs SECI project, Rajasthan 8, in Bhadla, RajasthanFebruary 28, 2022 | finance.yahoo.comAzure Power announces change in Board of DirectorsFebruary 25, 2022 | seekingalpha.comAzure Power Q3 2022 Earnings PreviewFebruary 25, 2022 | finance.yahoo.comAzure Power Announces Results for Third Quarter Fiscal 2022February 25, 2022 | markets.businessinsider.comHere's what to expect from Azure Power Global's earnings reportFebruary 3, 2022 | finance.yahoo.comAzure Power releases its third annual sustainability report for FY 2020-21, commits to water neutrality by 2023February 2, 2022 | finance.yahoo.comWill Azure Power (AZRE) Report Negative Q3 Earnings? What You Should KnowFebruary 1, 2022 | nasdaq.comAzure Power Global (NYSE:AZRE) Is Doing The Right Things To Multiply Its Share PriceJanuary 27, 2022 | finance.yahoo.comAzure Power Announces Final Results of Rights OfferingJanuary 7, 2022 | finance.yahoo.comAzure Power's Rights Issue open for subscriptionJanuary 4, 2022 | finance.yahoo.comWall Street Analysts See a 103% Upside in Azure Power (AZRE): Can the Stock Really Move This High?December 27, 2021 | finance.yahoo.comAzure Power Announces Rights Offering for Equity SharesDecember 27, 2021 | finance.yahoo.comAzure Power: NOTICE OF RECORD DATESee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:AZRE CUSIPN/A CIK1633438 Webwww.azurepower.com Phone911149409800Fax91-11-4940-9807Employees471Year FoundedN/ACompany Calendar Last Earnings8/29/2021Today7/05/2022Next Earnings (Estimated)8/29/2022Fiscal Year End3/31/2023Price Target and Rating Average Stock Price Forecast$32.88 High Stock Price Forecast$40.00 Low Stock Price Forecast$27.50 Forecasted Upside/Downside+180.7%Consensus RatingBuy Rating Score (0-4)3 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.86) Trailing P/E RatioN/A Forward P/E Ratio167.29 P/E GrowthN/ANet Income$-57,300,000.00 Net Margins-17.23% Pretax Margin-7.08% Return on Equity-1.14% Return on Assets-0.18% Debt Debt-to-Equity Ratio3.87 Current Ratio0.61 Quick Ratio0.61 Sales & Book Value Annual Sales$208.30 million Price / Sales2.72 Cash Flow$0.55 per share Price / Cash Flow21.17 Book Value$6.94 per share Price / Book1.69Miscellaneous Outstanding Shares48,330,000Free FloatN/AMarket Cap$565.94 million OptionableNot Optionable Beta0.91 Azure Power Global Frequently Asked Questions Should I buy or sell Azure Power Global stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Azure Power Global stock. View analyst ratings for Azure Power Global or view top-rated stocks. What is Azure Power Global's stock price forecast for 2022? 4 Wall Street analysts have issued 12-month target prices for Azure Power Global's stock. Their AZRE stock forecasts range from $27.50 to $40.00. On average, they anticipate Azure Power Global's share price to reach $32.88 in the next year. This suggests a possible upside of 180.7% from the stock's current price. View analysts' price targets for Azure Power Global or view top-rated stocks among Wall Street analysts. How has Azure Power Global's stock price performed in 2022? Azure Power Global's stock was trading at $18.15 at the beginning of 2022. Since then, AZRE shares have decreased by 35.5% and is now trading at $11.71. View the best growth stocks for 2022 here. When is Azure Power Global's next earnings date? Azure Power Global is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022. View our earnings forecast for Azure Power Global. How were Azure Power Global's earnings last quarter? Azure Power Global Limited (NYSE:AZRE) announced its earnings results on Sunday, August, 29th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.18. The energy company had revenue of $59.70 million for the quarter, compared to the consensus estimate of $57.90 million. Azure Power Global had a negative trailing twelve-month return on equity of 1.14% and a negative net margin of 17.23%. View Azure Power Global's earnings history. Who are Azure Power Global's key executives? Azure Power Global's management team includes the following people: Mr. Pawan Kumar Agrawal C.F.A., Chief Financial Officer (Age 43)Mr. Sumit Barat, Chief Sustainability Officer (Age 42)Mr. Vikas Bansal, Head of Investor Relations (Age 37)Ms. Akriti Gandotra, Head of Legal (Age 36)Ms. Samitla Subba, VP of Corp. Affairs of Policy & Communications and Head of Policy & Communications (Age 36)Ms. Priya Chakrabarti, Head of HRMr. Preet Sandhu, Exec. VP and Head of Land, Corp. Operations & Rooftop Bus. Units (Age 53)Mr. Gaurang Sethi, VP & Head of Bidding (Age 36)Mr. Kuldeep Jain, Sr. VP of Project Devel. & Construction and Head of Construction (Age 58)Mr. Kapil Kumar, Sr. GM and Head of Operations & Maintenance (Age 39) Who are some of Azure Power Global's key competitors? Some companies that are related to Azure Power Global include Kenon (KEN), ENEVA S A/S (ENEVY), Enel Chile (ENIC), Pampa Energía (PAM), Altus Power (AMPS), Central Puerto (CEPU), Broadscale Acquisition (SCLE), Heliogen (HLGN), Ellomay Capital (ELLO), Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN), Alaska Power & Telephone (APTL), Biotricity (BTCY), Summer Energy (SUME), Ocean Power Technologies (OPTT) and Eco Wave Power Global AB (publ) (WAVE). View all of AZRE's competitors. What other stocks do shareholders of Azure Power Global own? 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). When did Azure Power Global IPO? (AZRE) raised $150 million in an IPO on Wednesday, October 12th 2016. The company issued 6,800,000 shares at $21.00-$23.00 per share. Barclays and Credit Suisse acted as the underwriters for the IPO and Roth Capital Partners was co-manager. What is Azure Power Global's stock symbol? Azure Power Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZRE." How do I buy shares of Azure Power Global? Shares of AZRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Azure Power Global's stock price today? One share of AZRE stock can currently be purchased for approximately $11.71. How much money does Azure Power Global make? Azure Power Global (NYSE:AZRE) has a market capitalization of $565.94 million and generates $208.30 million in revenue each year. The energy company earns $-57,300,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis. How many employees does Azure Power Global have? Azure Power Global employs 471 workers across the globe. How can I contact Azure Power Global? Azure Power Global's mailing address is 3RD FLOOR WORLDMARK 3 AEROCITY, NEW DELHI K7, 110037. The official website for Azure Power Global is www.azurepower.com. The energy company can be reached via phone at 911149409800, via email at ir@azurepower.com, or via fax at 91-11-4940-9807. This page (NYSE:AZRE) was last updated on 7/5/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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