Azure Power Global Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Azure Power Global stock.
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Wall Street analysts have given Azure Power Global a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Azure Power Global wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Azure Power Global saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 1,130,000 shares, an increase of 33.1% from the April 29th total of 849,100 shares. Based on an average daily trading volume, of 347,200 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.1% of the shares of the company are sold short.
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Azure Power Global is scheduled to release its next quarterly earnings announcement on Monday, June 14th 2021.
View our earnings forecast for Azure Power Global.

Azure Power Global Limited (NYSE:AZRE) announced its quarterly earnings data on Tuesday, February, 9th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.12. The energy company had revenue of $48.20 million for the quarter, compared to analysts' expectations of $49.90 million. Azure Power Global had a negative net margin of 12.30% and a negative trailing twelve-month return on equity of 3.83%.
View Azure Power Global's earnings history.

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 35.0% and is now trading at $21.63.
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Azure Power Global updated its FY 2022 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $236 million-$249 million, compared to the consensus revenue estimate of $283.67 million.

6 Wall Street analysts have issued 1 year target prices for Azure Power Global's stock. Their forecasts range from $27.00 to $53.00. On average, they expect Azure Power Global's share price to reach $39.17 in the next year. This suggests a possible upside of 81.1% from the stock's current price.
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Some companies that are related to Azure Power Global include Atlantica Sustainable Infrastructure (AY), Ormat Technologies (ORA), Companhia Paranaense de Energia - COPEL (ELPVY), TransAlta (TAC), Enel Generación Chile (EOCCY), Otter Tail (OTTR), ENEVA S A/S (ENEVY), Kenon (KEN), Pampa Energía (PAM), P10 (PIOE), Central Puerto (CEPU), Ellomay Capital (ELLO), Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN), Biotricity (BTCY) and Ocean Power Technologies (OPTT).
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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), (AZN) and Enphase Energy (ENPH).

(AZRE) raised $150 million in an initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZRE."

Azure Power Global's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.43%), Franklin Resources Inc. (1.26%), Renaissance Technologies LLC (0.78%), Vancity Investment Management Ltd (0.64%), Lombard Odier Asset Management USA Corp (0.50%) and Brookfield Asset Management Inc. (0.47%).

AZRE stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Citigroup Inc., Franklin Resources Inc., and Cubist Systematic Strategies LLC.

AZRE stock was purchased by a variety of institutional investors in the last quarter, including Lombard Odier Asset Management USA Corp, JPMorgan Chase & Co., Vancity Investment Management Ltd, Brookfield Asset Management Inc., Point72 Asset Management L.P., Voloridge Investment Management LLC, Millennium Management LLC, and Cushing Asset Management LP.

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.
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One share of AZRE stock can currently be purchased for approximately $21.63.

Azure Power Global has a market capitalization of $1.04 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 605 workers across the globe.

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

Azure Power Global is headquartered at 3RD FLOOR WORLDMARK 3 AEROCITY, NEW DELHI K7, 110037.

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]