NYSE:AZRE - Azure Power Global Stock Price, Forecast & News

Azure Power Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "AZRE."

Azure Power Global Ltd (NYSE:AZRE) posted its quarterly earnings data on Friday, November, 15th. The energy company reported ($0.25) EPS for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.29. The energy company earned $40.30 million during the quarter, compared to the consensus estimate of $43.60 million. Azure Power Global had a negative net margin of 2.26% and a negative return on equity of 1.01%. View Azure Power Global's Earnings History.

Azure Power Global is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Azure Power Global.

Azure Power Global updated its FY 2020 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$181-189 million, compared to the consensus revenue estimate of $$191.9 million.

6 brokerages have issued 12 month price targets for Azure Power Global's stock. Their forecasts range from $15.20 to $26.00. On average, they expect Azure Power Global's stock price to reach $20.55 in the next twelve months. This suggests a possible upside of 63.2% from the stock's current price. View Analyst Price Targets for Azure Power Global.

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." View Analyst Ratings for Azure Power Global.

Media stories about AZRE stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Azure Power Global earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned news coverage about the energy company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Azure Power Global.

Azure Power Global saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 11,100 shares, a drop of 16.5% from the December 15th total of 13,300 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are short sold. View Azure Power Global's Current Options Chain.

Some companies that are related to Azure Power Global include TransAlta (TAC), ENEVA S A/S (ENEVY), Kenon (KEN), Pampa Energia (PAM), CENT PUERTO S A/S (CEPU), Empresa Distribuidora y Cmrz Nrt (EDN), AK PWR & TEL CO/SH SH (APTL), Summer Energy (SUME), Sky Solar (SKYS), Biotricity (BTCY), Ocean Power Technologies (OPTT), Premier (PRHL) and RED ELECTRICA C/ADR (RDEIY).

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), LightPath Technologies (LPTH), Canopy Growth (CGC), Daqo New Energy (DQ), Rapid7 (RPD), Stitch Fix (SFIX), KB Home (KBH), Allena Pharmaceuticals (ALNA) 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 $21.00-$23.00 per share. Barclays and Credit Suisse served as the underwriters for the IPO and Roth Capital Partners was co-manager.

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 $12.59.

Azure Power Global has a market capitalization of $516.69 million and generates $143.52 million in revenue each year. The energy company earns $1.13 million in net income (profit) each year or $0.13 on an earnings per share basis. Azure Power Global employs 539 workers across the globe.View Additional Information About Azure Power Global.

The official website for Azure Power Global is http://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]