NYSE:AZRE - Azure Power Global Stock Price, Forecast & News

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

Azure Power Global Ltd (NYSE:AZRE) released its quarterly earnings results on Tuesday, February, 11th. The energy company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.32) by $0.12. The energy company earned $42.65 million during the quarter, compared to analyst estimates of $44.20 million. Azure Power Global had a negative net margin of 14.18% and a negative return on equity of 6.54%. View Azure Power Global's Earnings History.

Azure Power Global is scheduled to release their next quarterly earnings announcement on Monday, June 8th 2020. View Earnings Estimates for Azure Power Global.

Azure Power Global issued an update on its FY 2021 After-Hours earnings guidance on Tuesday, February, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $221-232 million, compared to the consensus revenue estimate of $256.78 million.

5 brokerages have issued 12 month price targets for Azure Power Global's stock. Their forecasts range from $15.20 to $26.00. On average, they expect Azure Power Global's share price to reach $20.07 in the next twelve months. This suggests a possible upside of 25.6% 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.

Press coverage about AZRE stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Azure Power Global earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Azure Power Global.

Azure Power Global saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 9,500 shares, a drop of 14.4% from the January 15th total of 11,100 shares. Based on an average daily trading volume, of 27,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold. View Azure Power Global's Current Options Chain.

Some companies that are related to Azure Power Global include TransAlta (TAC), Otter Tail (OTTR), ENEVA S A/S (ENEVY), Kenon (KEN), Pampa Energia (PAM), CENT PUERTO S A/S (CEPU), Empresa Distribuidora y Cmrz Nrt (EDN), Biotricity (BTCY), AK PWR & TEL CO/SH SH (APTL), Summer Energy (SUME), Sky Solar (SKYS), 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), LightPath Technologies (LPTH), Canopy Growth (CGC), Daqo New Energy (DQ), Enterprise Products Partners (EPD), AT&T (T), Ascent Solar Technologies (ASTI), Rapid7 (RPD), Stitch Fix (SFIX) and SVMK (SVMK).

(AZRE) raised $150 million in an initial public offering 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 served as the underwriters for the IPO and Roth Capital Partners was co-manager.

Azure Power Global's stock is owned by many different of retail and institutional investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (57.36%), Jefferies Group LLC (1.94%), Handelsbanken Fonder AB (1.92%), Renaissance Technologies LLC (0.49%), State Street Corp (0.06%) and Brookfield Public Securities Group LLC (0.02%).

AZRE stock was purchased by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Jefferies Group LLC, Renaissance Technologies LLC, State Street Corp, Handelsbanken Fonder AB, Brookfield Public Securities Group LLC and US Bancorp DE.

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 $15.98.

Azure Power Global has a market capitalization of $655.82 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]