Azure Power Global Stock Forecast, Price & News

6 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 5 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Azure Power Global wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Azure Power Global saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 593,700 shares, an increase of 49.2% from the February 28th total of 398,000 shares. Based on an average daily trading volume, of 367,900 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.7% of the shares of the stock are sold short.
View Azure Power Global's Short Interest.

Azure Power Global is scheduled to release its next quarterly earnings announcement on Friday, June 11th 2021.
View our earnings forecast for Azure Power Global.

Azure Power Global Limited (NYSE:AZRE) posted its quarterly earnings results on Tuesday, February, 9th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.19) by $0.12. The energy company had revenue of $48.20 million for the quarter, compared to analyst estimates of $49.90 million. Azure Power Global had a negative net margin of 14.74% and a negative trailing twelve-month return on equity of 4.80%.
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 73.2% and is now trading at $27.75.
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Azure Power Global updated its FY 2022 Pre-Market earnings guidance on Monday, April, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $236-249 million, compared to the consensus revenue estimate of $283.67 million.

6 Wall Street analysts have issued 12-month 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 $39.17 in the next year. This suggests a possible upside of 41.1% from the stock's current price.
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Some companies that are related to Azure Power Global include IDACORP (IDA), Hawaiian Electric Industries (HE), Centrica (CPYYY), Portland General Electric (POR), Ormat Technologies (ORA), PNM Resources (PNM), Atlantica Sustainable Infrastructure (AY), CEMIG (CIG), Companhia Paranaense de Energia - COPEL (ELPVY), Companhia Paranaense de Energia - COPEL (ELP), Datang International Power Generation (DIPGY), TransAlta (TAC), Enel Generación Chile (EOCCY), ENEVA S A/S (ENEVY) and Otter Tail (OTTR).
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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 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."

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 $27.75.

Azure Power Global has a market capitalization of $1.34 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]