Azure Power Global - AZRE Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AZRE shares.
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4 Wall Street analysts have issued twelve-month price objectives for Azure Power Global's shares. Their AZRE share price forecasts range from $27.50 to $40.00. On average, they predict the company's stock price to reach $32.88 in the next year. This suggests a possible upside of 186.4% 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 shares have decreased by 36.7% and is now trading at $11.48.
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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 volume of 194,500 shares, the days-to-cover ratio is presently 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) released its quarterly earnings data on Sunday, August, 29th. The energy company reported $0.20 earnings per share for the quarter, topping 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. Azure Power Global had a negative trailing twelve-month return on equity of 1.14% and a negative net margin of 17.23%.

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 initial public offering 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 abrdn plc (4.25%), Franklin Resources Inc. (2.76%), Vancity Investment Management Ltd (0.78%), JPMorgan Chase & Co. (0.37%), Green Alpha Advisors LLC (0.36%) and Nia Impact Advisors LLC (0.25%).

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 $11.48.

Azure Power Global (NYSE:AZRE) has a market capitalization of $554.86 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.