NYSE:AZRE

Azure Power Global Stock Forecast, Price & News

$24.03
+0.25 (+1.05 %)
(As of 06/24/2021 02:23 PM ET)
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Today's Range
$23.83
$24.24
50-Day Range
$18.86
$26.29
52-Week Range
$15.15
$53.60
Volume4,517 shs
Average Volume343,028 shs
Market Capitalization$1.16 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.73
30 days | 90 days | 365 days | Advanced Chart
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Azure Power Global logo

About Azure Power Global

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, 2020, the company operated 43 utility scale projects and various commercial rooftop projects with a combined rated capacity of 1,808 MW. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India.

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MarketRank

Overall MarketRank

1.64 out of 5 stars

Oils/Energy Sector

112th out of 689 stocks

Electric Services Industry

30th out of 79 stocks

Analyst Opinion: 3.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Azure Power Global (NYSE:AZRE) Frequently Asked Questions

Is Azure Power Global a buy right now?

5 Wall Street equities 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Azure Power Global stock.
View analyst ratings for Azure Power Global
or view top-rated stocks.

What stocks does MarketBeat like better than Azure Power Global?

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.
View MarketBeat's top stock picks here.

Are investors shorting Azure Power Global?

Azure Power Global saw a increase in short interest during 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 short-interest ratio is presently 3.3 days. Approximately 3.1% of the company's stock are sold short.
View Azure Power Global's Short Interest
.

When is Azure Power Global's next earnings date?

Azure Power Global is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Azure Power Global
.

How were Azure Power Global's earnings last quarter?

Azure Power Global Limited (NYSE:AZRE) posted its quarterly earnings results on Monday, June, 14th. The energy company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The energy company earned $58.40 million during the quarter, compared to analysts' expectations of $60 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
.

How has Azure Power Global's stock price been impacted by Coronavirus?

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. Since then, AZRE stock has increased by 49.9% and is now trading at $24.02.
View which stocks have been most impacted by COVID-19
.

What guidance has Azure Power Global issued on next quarter's earnings?

Azure Power Global issued an update on its first quarter 2022 earnings guidance on Tuesday, June, 22nd. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $56.10 million-58.80 million, compared to the consensus revenue estimate of $63.34 million.

What price target have analysts set for AZRE?

5 analysts have issued 12 month price targets for Azure Power Global's stock. Their forecasts range from $27.00 to $53.00. On average, they expect Azure Power Global's stock price to reach $37.83 in the next year. This suggests a possible upside of 57.5% from the stock's current price.
View analysts' price targets for Azure Power Global
or view top-rated stocks among Wall Street analysts.

Who are Azure Power Global's key executives?

Azure Power Global's management team includes the following people:
  • Mr. Pawan Kumar Agrawal C.F.A., Chief Financial Officer (Age 42)
  • Ms. Samitla Subba, VP of Corp. Affairs of Policy & Communications and Head of Policy & Communications (Age 35)
  • Mr. Preet Sandhu, Exec. VP and Head of Land, Corp. Operations & Rooftop Bus. Units (Age 52)
  • Mr. Gaurang Sethi, VP & Head of Bidding (Age 35)
  • Mr. Ranjit Gupta, CEO, MD & Director (Age 50)
  • Mr. Murali Subramanian, Chief Operating Officer (Age 49)
  • Mr. Nathan Allen Judge CFA, Head of Investor Relations
  • Ms. Mili Saxena, Head of HR (Age 47)
  • Mr. Kuldeep Jain, Sr. VP of Project Devel. & Construction and Head of Construction (Age 57)
  • Mr. Kapil Kumar, Sr. GM and Head of Operations & Maintenance (Age 38)

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), (AZN) and Enphase Energy (ENPH).

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 many different retail and institutional investors. Top institutional investors 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%).

Which institutional investors are selling Azure Power Global stock?

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.

Which institutional investors are buying Azure Power Global stock?

AZRE stock was acquired 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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Azure Power Global's stock price today?

One share of AZRE stock can currently be purchased for approximately $24.02.

How much money does Azure Power Global make?

Azure Power Global has a market capitalization of $1.16 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.

How many employees does Azure Power Global have?

Azure Power Global employs 605 workers across the globe.

What is Azure Power Global's official website?

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

Where are Azure Power Global's headquarters?

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

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 6/24/2021 by MarketBeat.com Staff
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