Azure Power Global Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Azure Power Global stock.
View analyst ratings for Azure Power Global or view top-rated stocks.

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.
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Azure Power Global saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,400,000 shares, a decline of 16.2% from the June 30th total of 1,670,000 shares. Based on an average daily trading volume, of 302,600 shares, the days-to-cover ratio is currently 4.6 days. Currently, 3.9% of the shares of the company are short sold.
View Azure Power Global's Short Interest.

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.

Azure Power Global Limited (NYSE:AZRE) released its quarterly earnings data on Monday, June, 14th. The energy company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The energy company earned $58.40 million during the quarter, compared to analyst estimates of $60 million. Azure Power Global had a negative trailing twelve-month return on equity of 5.40% and a negative net margin of 27.86%.
View Azure Power Global's earnings history.

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 (WHO). Since then, AZRE shares have increased by 62.6% and is now trading at $26.05.
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Azure Power Global issued an update on its first quarter 2022 earnings guidance on Tuesday, July, 13th. The company provided earnings per share (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.

5 Wall Street analysts have issued 1-year price objectives for Azure Power Global's shares. 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 twelve months. This suggests a possible upside of 45.2% from the stock's current price.
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Some companies that are related to Azure Power Global include Hawaiian Electric Industries (HE), Portland General Electric (POR), Black Hills (BKH), Atlantica Sustainable Infrastructure (AY), CEMIG (CIG), PNM Resources (PNM), Ormat Technologies (ORA), Centrica (CPYYY), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELPVY), Companhia Paranaense de Energia - COPEL (ELP), TransAlta (TAC), Datang International Power Generation (DIPGY), Enel Generación Chile (EOCCY) and Otter Tail (OTTR).
View all of AZRE's competitors.

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).

(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 variety of retail and institutional investors. Top institutional investors include Vancity Investment Management Ltd (0.65%), Green Alpha Advisors LLC (0.08%) and Alliancebernstein L.P. (0.04%).

AZRE stock was bought by a variety of institutional investors in the last quarter, including Green Alpha Advisors LLC, Alliancebernstein L.P., and Vancity Investment Management Ltd.

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.
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One share of AZRE stock can currently be purchased for approximately $26.05.

Azure Power Global has a market capitalization of $1.26 billion and generates $208.30 million in revenue each year. The energy company earns $-57,300,000.00 in net income (profit) each year or ($0.47) on an earnings per share basis.

Azure Power Global employs 605 workers across the globe.

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

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

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]