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NYSE:AZRE

Azure Power Global - AZRE Stock Forecast, Price & News

$11.50
+0.02 (+0.17%)
(As of 08/12/2022 10:22 AM ET)
Add
Compare
Today's Range
$11.32
$11.55
50-Day Range
$10.64
$15.90
52-Week Range
$9.94
$25.37
Volume
273 shs
Average Volume
241,126 shs
Market Capitalization
$555.80 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$32.88

Azure Power Global MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
186.4% Upside
$32.88 Price Target
Short Interest
Healthy
3.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Azure Power Global in the last 14 days
Based on 2 Articles This Week
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.

2.28 out of 5 stars

Oils/Energy Sector

116th out of 256 stocks

Electric Services Industry

13th out of 44 stocks

AZRE stock logo

About Azure Power Global (NYSE:AZRE) Stock

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India.

Azure Power Global Price Performance

Shares of Azure Power Global stock opened at $11.48 on Friday. The firm has a market cap of $554.86 million, a PE ratio of -13.35 and a beta of 0.91. The business has a 50-day moving average price of $12.24 and a 200 day moving average price of $14.47. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.87. Azure Power Global has a twelve month low of $9.94 and a twelve month high of $25.37.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Azure Power Global from a "sell" rating to a "hold" rating in a report on Saturday, July 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Azure Power Global has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

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AZRE Stock News Headlines

Azure Power Global (NYSE:AZRE) Shares Gap Up to $11.54
Azure Power Global (NYSE:AZRE) Shares Up 7.5%
Azure Power CEO Gupta, COO Subramanian resign
Azure Power announces change in Board of Directors
Azure Power Q3 2022 Earnings Preview
Here's what to expect from Azure Power Global's earnings report
Azure Power Announces Final Results of Rights Offering
Azure Power's Rights Issue open for subscription
See More Headlines
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AZRE Company Calendar

Last Earnings
8/29/2021
Today
8/12/2022
Next Earnings (Estimated)
8/29/2022
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
$32.88
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$27.50
Forecasted Upside/Downside
+185.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-57,300,000.00
Pretax Margin
-7.08%

Debt

Sales & Book Value

Annual Sales
$208.30 million
Cash Flow
$0.55 per share
Book Value
$6.94 per share

Miscellaneous

Free Float
N/A
Market Cap
$555.80 million
Optionable
Not Optionable
Beta
0.91

Key Executives

  • Mr. Pawan Kumar Agrawal C.F.A. (Age 43)
    Chief Financial Officer
  • Mr. Sumit Barat (Age 42)
    Chief Sustainability Officer
  • Mr. Harsh Dinesh Shah (Age 39)
    Chief Exec. Officer
  • Mr. Vikas Bansal (Age 37)
    Head of Investor Relations
  • Ms. Akriti Gandotra (Age 36)
    Head of Legal
  • Ms. Samitla Subba (Age 36)
    VP of Corp. Affairs of Policy & Communications and Head of Policy & Communications
  • Ms. Priya Chakrabarti
    Head of HR
  • Mr. Preet Sandhu (Age 53)
    Exec. VP and Head of Land, Corp. Operations & Rooftop Bus. Units
  • Mr. Gaurang Sethi (Age 36)
    VP & Head of Bidding
  • Mr. Kuldeep Jain (Age 58)
    Sr. VP of Project Devel. & Construction and Head of Construction













AZRE Stock - Frequently Asked Questions

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

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.
View AZRE analyst ratings
or view top-rated stocks.

What is Azure Power Global's stock price forecast for 2022?

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.
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 2022. Since then, AZRE shares have decreased by 36.7% and is now trading at $11.48.
View the best growth stocks for 2022 here
.

Are investors shorting Azure Power Global?

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.
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 Monday, August 29th 2022.
View our AZRE earnings forecast
.

How were Azure Power Global's earnings last quarter?

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%.

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 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.

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 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%).

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 $11.48.

How much money does Azure Power Global make?

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.

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 8/12/2022 by MarketBeat.com Staff

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