NYSE:AZRE Azure Power Global Stock Forecast, Price & News Adding Choose a 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 Ltd Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $32.07 -0.82 (-2.49 %) (As of 09/21/2020 01:55 PM ET) Add Compare Share Today's Range$31.00Now: $32.07▼$32.8850-Day Range$20.22MA: $23.66▼$31.9052-Week Range$11.12Now: $32.07▼$33.02Volume1,511 shsAverage Volume42,195 shsMarket Capitalization$1.53 billionP/E RatioN/ADividend YieldN/ABeta0.58 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants 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, 2018, the company had a portfolio capacity of approximately 1,871 megawatts. Azure Power Global Limited was founded in 2007 and is based in New Delhi, India.Read More Beat the Market (BTM) Rank™ 1.5 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 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $25.80, Azure Power Global has a forecasted downside of 19.8% from its current price of $32.17.Amount of Analyst CoverageAzure Power Global has only been the subject of 1 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesAzure Power Global has received 210 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAzure Power Global has received 204 “underperform” votes. (Add your “underperform” vote.)Community SentimentAzure Power Global has received 50.72% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Azure Power Global and other stocks. Vote “Outperform” if you believe AZRE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AZRE will underperform the S&P 500 over the long term. You may vote once every thirty days. 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 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Azure Power Global insiders have not sold or bought any company stock.Percentage Held by Institutions63.32% of the stock of Azure Power Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Azure Power Global are expected to grow in the coming year, from ($0.31) to $0.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Azure Power Global is -41.24, 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 -41.24, 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 4.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.13 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:AZRE Previous Symbol CUSIPN/A CIK1633438 Webwww.azurepower.com Phone91-11-4940-9800Debt Debt-to-Equity Ratio3.35 Current Ratio2.37 Quick Ratio2.37Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$171.90 million Price / Sales8.89 Cash Flow$0.56 per share Price / Cash Flow57.41 Book Value$7.58 per share Price / Book4.23Profitability EPS (Most Recent Fiscal Year)($0.47) Net Income$-30,000,000.00 Net Margins-18.28% Return on Equity-6.33% Return on Assets-1.28%Miscellaneous Employees539 Outstanding Shares47,651,000Market Cap$1.53 billion Next Earnings Date11/20/2020 (Estimated) OptionableNot Optionable $32.07 -0.82 (-2.49 %) (As of 09/21/2020 01:55 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive AZRE News and Ratings via Email Sign-up to receive the latest news and ratings for AZRE and its competitors with MarketBeat's FREE daily newsletter. Azure Power Global (NYSE:AZRE) Frequently Asked Questions How has Azure Power Global's stock been impacted by Coronavirus (COVID-19)? Azure Power Global's stock was trading at $16.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AZRE shares have increased by 100.2% and is now trading at $32.07. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Azure Power Global? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Azure Power Global. When is Azure Power Global's next earnings date? 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. How were Azure Power Global's earnings last quarter? Azure Power Global Ltd (NYSE:AZRE) issued its earnings results on Thursday, August, 13th. The energy company reported $0.07 EPS for the quarter, topping the Zacks' 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. What guidance has Azure Power Global issued on next quarter's earnings? Azure Power Global updated 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. What price target have analysts set for AZRE? 6 brokers have issued 12 month target prices for Azure Power Global's shares. Their forecasts range from $15.20 to $38.00. On average, they expect Azure Power Global's stock price to reach $25.80 in the next year. This suggests that the stock has a possible downside of 19.6%. View analysts' price targets for Azure Power Global. Are investors shorting Azure Power Global? Azure Power Global saw a increase in short interest in August. As of August 31st, there was short interest totaling 24,200 shares, an increase of 9.5% from the August 15th total of 22,100 shares. Based on an average daily volume of 40,900 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company's stock are sold short. View Azure Power Global's Short Interest. Who are some of Azure Power Global's key competitors? Some companies that are related to Azure Power Global include Huaneng Power International Inc ADR Class N (HNP), OGE Energy (OGE), CHINA RESOURES/ADR (CRPJY), Clearway Energy (CWEN), Enel Generacion Chile (EOCC), IDACORP (IDA), Brookfield Renewable (BEPC), Nextera Energy Partners (NEP), Hawaiian Electric Industries (HE), Enel Chile (ENIC), Black Hills (BKH), Companhia Paranaense de Energia (ELP), PNM Resources (PNM), Portland General Electric (POR) and CENTRICA PLC/S (CPYYY). View all 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). Who are Azure Power Global's key executives? Azure Power Global's management team includes the following people: Mr. Inderpreet Singh Wadhwa, Founder, Chairman & CEO (Age 46)Mr. Harkanwal Singh Wadhwa, COO & Director (Age 74)Mr. Sushil Bhagat, Chief Financial Officer (Age 56)Mr. Surendra Kumar Gupta, Exec. VP of Corp. Fin., IT & Operations (Age 66)Mr. Preet Sandhu, Exec. VP of Infra (Age 50) When did Azure Power Global IPO? (AZRE) raised $150 million in an initial public offering (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. What is Azure Power Global's stock symbol? Azure Power Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZRE." Who are Azure Power Global's major shareholders? Azure Power Global's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Jefferies Group LLC (1.88%), Handelsbanken Fonder AB (1.59%), Arosa Capital Management LP (0.42%), Cerity Partners LLC (0.03%), Brookfield Asset Management Inc. (0.02%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). Which institutional investors are selling Azure Power Global stock? AZRE stock was sold by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Cerity Partners LLC, and Zurcher Kantonalbank Zurich Cantonalbank. Which institutional investors are buying Azure Power Global stock? AZRE stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Arosa Capital Management LP, Brookfield Asset Management Inc., and Advisor Group Holdings Inc.. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Azure Power Global's stock price today? One share of AZRE stock can currently be purchased for approximately $32.07. How big of a company is Azure Power Global? Azure Power Global has a market capitalization of $1.53 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. What is Azure Power Global's official website? The official website for Azure Power Global is www.azurepower.com. How can I contact Azure Power Global? 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] This page was last updated on 9/21/2020 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. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
