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NYSE:AZRE

Azure Power Global Stock Forecast, Price & News

$32.07
-0.82 (-2.49 %)
(As of 09/21/2020 01:55 PM ET)
Add
Compare
Today's Range
$31.00
Now: $32.07
$32.88
50-Day Range
$20.22
MA: $23.66
$31.90
52-Week Range
$11.12
Now: $32.07
$33.02
Volume1,511 shs
Average Volume42,195 shs
Market Capitalization$1.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.58
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.
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Azure Power Global logo

Beat the Market (BTM) Rank

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

Industry Electric services
Sub-IndustryN/A
CUSIPN/A
Phone91-11-4940-9800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$171.90 million
Cash Flow$0.56 per share
Book Value$7.58 per share

Profitability

Net Income$-30,000,000.00

Miscellaneous

Employees539
Market 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

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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?

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

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