Azure Power Global Stock Price, Forecast & Analysis (NYSE:AZRE)

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

Azure Power Global Ltd (NYSE:AZRE) announced its quarterly earnings data on Monday, June, 10th. The energy company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.01. The energy company earned $41.17 million during the quarter, compared to analysts' expectations of $41.80 million. Azure Power Global had a net margin of 1.67% and a return on equity of 1.86%. View Azure Power Global's Earnings History.

5 Wall Street analysts have issued 12-month target prices for Azure Power Global's stock. Their forecasts range from $19.00 to $26.00. On average, they expect Azure Power Global's share price to reach $22.33 in the next year. This suggests a possible upside of 67.9% from the stock's current price. View Analyst Price Targets for Azure Power Global.

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

Media headlines about AZRE stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Azure Power Global earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Azure Power Global.

Azure Power Global saw a increase in short interest in October. As of October 31st, there was short interest totalling 7,200 shares, an increase of 89.5% from the September 30th total of 3,800 shares. Based on an average trading volume of 15,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short. View Azure Power Global's Current Options Chain.

Some companies that are related to Azure Power Global include Otter Tail (OTTR), ENEVA S A/S (ENEVY), TransAlta (TAC), Kenon (KEN), Pampa Energia (PAM), CENT PUERTO S A/S (CEPU), Sky Solar (SKYS), Empresa Distribuidora y Cmrz Nrt (EDN), AK PWR & TEL CO/SH SH (APTL), Summer Energy (SUME), Biotricity (BTCY), Ocean Power Technologies (OPTT), Premier (PRHL) and RED ELECTRICA C/ADR (RDEIY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Azure Power Global investors own include Canadian Solar (CSIQ), Ascent Solar Technologies (ASTI), LightPath Technologies (LPTH), Rapid7 (RPD), Enphase Energy (ENPH), Sky Solar (SKYS), Apple Hospitality REIT (APLE), Canopy Growth (CGC), Daqo New Energy (DQ) and Enterprise Products Partners (EPD).

(AZRE) raised $150 million in an initial public offering (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.

Azure Power Global's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (0.18%) and Cerity Partners LLC (0.04%).

AZRE stock was sold by a variety of institutional investors in the last quarter, including Cerity Partners LLC.

AZRE stock was acquired by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP.

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 $13.30.

Azure Power Global has a market capitalization of $545.83 million and generates $143.52 million in revenue each year. The energy company earns $1.13 million in net income (profit) each year or $0.13 on an earnings per share basis. Azure Power Global employs 539 workers across the globe.View Additional Information About Azure Power Global.

The official website for Azure Power Global is http://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]