Azure Power Global - AZRE Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZRE shares.
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4 brokers have issued 12 month price targets for Azure Power Global's stock. Their AZRE share price forecasts range from $27.50 to $40.00. On average, they predict the company's share price to reach $32.88 in the next year. This suggests a possible upside of 163.0% from the stock's current price.
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Azure Power Global's stock was trading at $18.15 at the beginning of 2022. Since then, AZRE stock has decreased by 31.1% and is now trading at $12.50.
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Azure Power Global saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,740,000 shares, a decline of 13.0% from the July 15th total of 2,000,000 shares. Based on an average daily trading volume, of 194,500 shares, the days-to-cover ratio is currently 8.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022.
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Azure Power Global Limited (NYSE:AZRE) issued 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 earned $59.70 million during the quarter, compared to analyst estimates of $57.90 million. Azure Power Global had a negative net margin of 17.23% and a negative trailing twelve-month return on equity of 1.14%.

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).

(AZRE) raised $150 million in an IPO 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 many different institutional and retail investors. Top institutional shareholders include abrdn plc (4.25%), Franklin Resources Inc. (2.76%), Vancity Investment Management Ltd (0.78%), Renaissance Technologies LLC (0.44%), JPMorgan Chase & Co. (0.37%) and Green Alpha Advisors LLC (0.36%).

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 $12.50.

Azure Power Global (NYSE:AZRE) has a market capitalization of $604.13 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.