Azure Power Global - AZRE Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 sell rating and 1 hold 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.
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2 analysts have issued twelve-month price targets for Azure Power Global's stock. Their AZRE share price forecasts range from $4.00 to $5.00. On average, they predict the company's stock price to reach $4.50 in the next twelve months. This suggests a possible upside of 114.3% from the stock's current price.
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Azure Power Global's stock was trading at $4.31 at the start of the year. Since then, AZRE stock has decreased by 51.3% and is now trading at $2.10.
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Azure Power Global saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,440,000 shares, a decrease of 5.9% from the February 28th total of 1,530,000 shares. Based on an average trading volume of 305,100 shares, the short-interest ratio is presently 4.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, March 31st 2023.
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Azure Power Global Limited (NYSE:AZRE) announced its quarterly earnings results 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 earned $59.70 million during the quarter, compared to analysts' expectations of $57.90 million.

ETFs with the largest weight of Azure Power Global (NYSE:AZRE) stock in their portfolio include First Trust BICK Index Fund (BICK), Invesco WilderHill Clean Energy ETF (PBW), Global X Solar ETF (RAYS), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO),

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 (IPO) on Wednesday, October 12th 2016. The company issued 6,800,000 shares at $21.00-$23.00 per share. Barclays and Credit Suisse acted 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 retail and institutional investors. Top institutional investors include Legal & General Group Plc (2.87%), Kayne Anderson Capital Advisors LP (1.56%), First Trust Advisors LP (1.45%), Donald Smith & CO. Inc. (0.70%), Point72 Asset Management L.P. (0.61%) and Nia Impact Advisors LLC (0.52%).

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.
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One share of AZRE stock can currently be purchased for approximately $2.10.

Azure Power Global (NYSE:AZRE) has a market capitalization of $101.49 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.