NYSE:AZREAzure Power Global Stock Price, Forecast & News

Azure Power Global's stock was trading at $16.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AZRE shares have increased by 33.6% and is now trading at $21.41.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Azure Power Global is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020.
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Azure Power Global Ltd (NYSE:AZRE) announced its quarterly earnings data on Friday, June, 12th. The energy company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The energy company had revenue of $48.70 million for the quarter, compared to analysts' expectations of $48.40 million. Azure Power Global had a negative net margin of 18.08% and a negative return on equity of 6.78%.
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Azure Power Global issued an update on its first quarter 2021 After-Hours earnings guidance on Friday, June, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $50.5-53 million, compared to the consensus revenue estimate of $53.95 million.

6 equities research analysts have issued twelve-month price targets for Azure Power Global's stock. Their forecasts range from $15.20 to $28.00. On average, they expect Azure Power Global's stock price to reach $22.05 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
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Media stories about AZRE stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Azure Power Global earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news stories about the energy company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Azure Power Global.

Azure Power Global saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 10,800 shares, a decline of 12.2% from the June 15th total of 12,300 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company's stock are short sold.
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Some companies that are related to Azure Power Global include Portland General Electric (POR), Black Hills (BKH), CENTRICA PLC/S (CPYYY), CEMIG (CIG), PNM Resources (PNM), COMPANHIA PARAN/S (ELPVY), Companhia Paranaense de Energia (ELP), Atlantica Yield (AY), Ormat Technologies (ORA), El Paso Electric (EE), Datang Intl Power Generation (DIPGY), ENEVA S A/S (ENEVY), TransAlta (TAC), Otter Tail (OTTR) and Kenon (KEN).
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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), Ascent Solar Technologies (ASTI), Enterprise Products Partners (EPD), LightPath Technologies (LPTH), AT&T (T), AbbVie (ABBV), Canopy Growth (CGC), Daqo New Energy (DQ), Energy Transfer LP Unit (ET) and General Mills (GIS).

(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 institutional and retail investors. Top institutional shareholders include Zurcher Kantonalbank Zurich Cantonalbank (0.01%).

AZRE stock was sold by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank .

Shares of AZRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AZRE stock can currently be purchased for approximately $21.41.

Azure Power Global has a market capitalization of $1.02 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 539 workers across the globe.

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

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]