Azure Power Global Stock Price, News & 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) posted its quarterly earnings results on Monday, August, 12th. The energy company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.03. The energy company earned $49.18 million during the quarter, compared to analyst estimates of $45 million. Azure Power Global had a return on equity of 1.86% and a net margin of 1.67%. View Azure Power Global's Earnings History.

Azure Power Global is scheduled to release their next quarterly earnings announcement on Tuesday, November 12th 2019. View Earnings Estimates for Azure Power Global.

Azure Power Global issued an update on its FY 2020 earnings guidance on Monday, August, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $185-194 million, compared to the consensus revenue estimate of $192.09 million.

5 brokers have issued 12-month price objectives for Azure Power Global's stock. Their predictions range from $13.00 to $26.00. On average, they anticipate Azure Power Global's share price to reach $20.33 in the next twelve months. This suggests a possible upside of 66.8% 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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Azure Power Global.

Media stories about AZRE stock have trended somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Azure Power Global earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the energy company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Azure Power Global.

Azure Power Global saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,600 shares, an increase of 17.9% from the August 30th total of 5,600 shares. Based on an average daily trading volume, of 18,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short. View Azure Power Global's Current Options Chain.

Some companies that are related to Azure Power Global include ENEVA S A/S (ENEVY), TransAlta (TAC), Pampa Energia (PAM), Kenon (KEN), CENT PUERTO S A/S (CEPU), Empresa Distribuidora y Cmrz Nrt (EDN), Sky Solar (SKYS), AK PWR & TEL CO/SH SH (APTL), Summer Energy (SUME), Biotricity (BTCY), Ocean Power Technologies (OPTT), Premier (PRHL), Clearway Energy Inc Class C (NYLD) 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), Canopy Growth (CGC), Daqo New Energy (DQ), Enterprise Products Partners (EPD) and Andalay Solar (WEST).

(AZRE) raised $150 million in an 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.

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 $12.19.

Azure Power Global has a market capitalization of $500.28 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]