Azure Power Global Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Azure Power Global stock.
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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 increase in short interest during the month of May. As of May 14th, there was short interest totaling 1,130,000 shares, an increase of 33.1% from the April 29th total of 849,100 shares. Based on an average daily trading volume, of 347,200 shares, the short-interest ratio is presently 3.3 days. Approximately 3.1% of the company's stock are sold short.
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) posted its quarterly earnings results on Monday, June, 14th. The energy company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The energy company earned $58.40 million during the quarter, compared to analysts' expectations of $60 million. Azure Power Global had a negative net margin of 12.30% and a negative trailing twelve-month return on equity of 3.83%.
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. Since then, AZRE stock has increased by 49.9% and is now trading at $24.02.
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Azure Power Global issued an update on its first quarter 2022 earnings guidance on Tuesday, June, 22nd. The company provided 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 analysts have issued 12 month price targets for Azure Power Global's stock. 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 year. This suggests a possible upside of 57.5% 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), PNM Resources (PNM), Centrica (CPYYY), Enel Chile (ENIC), Atlantica Sustainable Infrastructure (AY), Ormat Technologies (ORA), Companhia Paranaense de Energia - COPEL (ELPVY), Companhia Paranaense de Energia - COPEL (ELP), Datang International Power Generation (DIPGY), TransAlta (TAC), Enel Generación Chile (EOCCY), Otter Tail (OTTR) and ENEVA S A/S (ENEVY).
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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 a price of $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 many different retail and institutional investors. Top institutional investors include Morgan Stanley (1.43%), Franklin Resources Inc. (1.26%), Renaissance Technologies LLC (0.78%), Vancity Investment Management Ltd (0.64%), Lombard Odier Asset Management USA Corp (0.50%) and Brookfield Asset Management Inc. (0.47%).

AZRE stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Citigroup Inc., Franklin Resources Inc., and Cubist Systematic Strategies LLC.

AZRE stock was acquired by a variety of institutional investors in the last quarter, including Lombard Odier Asset Management USA Corp, JPMorgan Chase & Co., Vancity Investment Management Ltd, Brookfield Asset Management Inc., Point72 Asset Management L.P., Voloridge Investment Management LLC, Millennium Management LLC, and Cushing Asset Management LP.

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 $24.02.

Azure Power Global has a market capitalization of $1.16 billion and generates $171.90 million in revenue each year. The energy company earns $-30,000,000.00 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]