Azure Power Global - AZRE Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AZRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AZRE, but not buy additional shares or sell existing shares.
View AZRE analyst ratings or view top-rated stocks.

3 brokerages have issued 12-month target prices for Azure Power Global's shares. Their AZRE share price forecasts range from $5.00 to $5.00. On average, they predict the company's stock price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
View analysts price targets for AZRE or view top-rated stocks among Wall Street analysts.

Azure Power Global's stock was trading at $18.15 at the beginning of 2022. Since then, AZRE shares have decreased by 68.0% and is now trading at $5.81.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, September 26th 2022.
View our AZRE earnings forecast.

Azure Power Global Limited (NYSE:AZRE) posted its quarterly earnings data on Sunday, August, 29th. The energy company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.18. The energy company had revenue of $59.70 million for the quarter, compared to analyst estimates of $57.90 million. Azure Power Global had a negative trailing twelve-month return on equity of 1.14% and a negative net margin of 17.23%.

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), 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 served 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 institutional and retail investors. Top institutional shareholders include abrdn plc (4.25%), Franklin Resources Inc. (2.76%), State Street Corp (1.60%), Vancity Investment Management Ltd (0.78%), Renaissance Technologies LLC (0.44%) and JPMorgan Chase & Co. (0.37%).

Shares of AZRE stock 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.
Compare Top Brokerages Here.

One share of AZRE stock can currently be purchased for approximately $5.81.

Azure Power Global (NYSE:AZRE) has a market capitalization of $280.80 million and generates $208.30 million in revenue each year. The energy company earns $-57,300,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis.

The company employs 471 workers across the globe.

Azure Power Global's mailing address is 3RD FLOOR WORLDMARK 3 AEROCITY, NEW DELHI K7, 110037. The official website for the company is www.azurepower.com. The energy company can be reached via phone at 911149409800, via email at ir@azurepower.com, or via fax at 91-11-4940-9807.