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S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
3 Big Box Retail Bets for the Holidays
How Long Does it Take to Become a Profitable Trader?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Biden visits Arizona computer chip site, highlights jobs
Is Autozone Ready To Rally For Another Profitable Lap?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
3 Big Box Retail Bets for the Holidays
How Long Does it Take to Become a Profitable Trader?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Biden visits Arizona computer chip site, highlights jobs
Is Autozone Ready To Rally For Another Profitable Lap?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
Franchising Could Be the Secret to Reaping the Rewards of a Down Economy. Here Are 5 Reasons Why.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
3 Big Box Retail Bets for the Holidays
How Long Does it Take to Become a Profitable Trader?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Biden visits Arizona computer chip site, highlights jobs
Is Autozone Ready To Rally For Another Profitable Lap?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
NYSE:AZRE

Azure Power Global - AZRE Stock Forecast, Price & News

$4.80
-0.23 (-4.57%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.67
$5.28
50-Day Range
$4.53
$6.14
52-Week Range
$3.26
$21.53
Volume
403,449 shs
Average Volume
413,041 shs
Market Capitalization
$232.00 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00

Azure Power Global MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.2% Upside
$5.00 Price Target
Short Interest
Healthy
4.43% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
16.39%
From $0.61 to $0.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Oils/Energy Sector

215th out of 246 stocks

Electric Services Industry

37th out of 41 stocks

AZRE stock logo

About Azure Power Global (NYSE:AZRE) Stock

Azure Power Global Ltd. is a holding company, which engages in the development, production, and sale of solar energy. It offers services to government utilities; and independent industrial and commercial customers. The company was founded by Harkanwal Singh Wadhwa and Inderpreet Singh Wadhwa in 2008 and is headquartered in New Delhi, India.

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AZRE Stock News Headlines

StockNews.com Initiates Coverage on Azure Power Global (NYSE:AZRE)
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AZRE Company Calendar

Last Earnings
8/29/2021
Today
12/06/2022
Next Earnings (Estimated)
12/09/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Employees
471
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.00
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+4.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$208.30 million
Cash Flow
$0.50 per share
Book Value
$6.94 per share

Miscellaneous

Free Float
N/A
Market Cap
$232.00 million
Optionable
Not Optionable
Beta
0.72

Key Executives

  • Rupesh Agarwal
    Chief Executive Officer
  • Pawan Kumar Agrawal
    Chief Financial Officer
  • Sumit Barat
    Chief Sustainability Officer
  • Preet Mohindersingh Sandhu
    Executive Vice President- Infra Business Unit
  • Sanjay Nagrare
    Head-Strategy & Policy













AZRE Stock - Frequently Asked Questions

Should I buy or sell Azure Power Global stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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.

What is Azure Power Global's stock price forecast for 2023?

3 brokerages have issued 12-month price objectives for Azure Power Global's stock. Their AZRE share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for AZRE
or view top-rated stocks among Wall Street analysts.

How have AZRE shares performed in 2022?

Azure Power Global's stock was trading at $18.15 at the beginning of the year. Since then, AZRE shares have decreased by 73.6% and is now trading at $4.80.
View the best growth stocks for 2022 here
.

Are investors shorting Azure Power Global?

Azure Power Global saw a drop in short interest in October. As of October 31st, there was short interest totaling 2,280,000 shares, a drop of 9.5% from the October 15th total of 2,520,000 shares. Based on an average daily volume of 920,500 shares, the short-interest ratio is currently 2.5 days.
View Azure Power Global's Short Interest
.

When is Azure Power Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, December 9th 2022.
View our AZRE earnings forecast
.

How were Azure Power Global's earnings last quarter?

Azure Power Global Limited (NYSE:AZRE) announced its quarterly earnings results on Sunday, August, 29th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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.

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).

When did Azure Power Global IPO?

(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.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.93%), State Street Corp (1.73%), First Trust Advisors LP (1.51%), Kayne Anderson Capital Advisors LP (0.89%), Point72 Asset Management L.P. (0.50%) and Renaissance Technologies LLC (0.45%).

How do I buy shares of Azure Power Global?

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.

What is Azure Power Global's stock price today?

One share of AZRE stock can currently be purchased for approximately $4.80.

How much money does Azure Power Global make?

Azure Power Global (NYSE:AZRE) has a market capitalization of $232.00 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.

How many employees does Azure Power Global have?

The company employs 471 workers across the globe.

How can I contact Azure Power Global?

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.

This page (NYSE:AZRE) was last updated on 12/7/2022 by MarketBeat.com Staff