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

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 results on Monday, August, 12th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.03. The energy company had revenue of $49.18 million for the quarter, compared to analysts' expectations of $45 million. Azure Power Global had a return on equity of 1.86% and a net margin of 1.67%. View Azure Power Global's Earnings History.

Azure Power Global is scheduled to release their next quarterly earnings announcement on Tuesday, November 12th 2019. View Earnings Estimates for Azure Power Global.

Azure Power Global updated its FY 2020 earnings guidance on Monday, August, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $185-194 million, compared to the consensus revenue estimate of $192.09 million.

4 brokers have issued twelve-month price targets for Azure Power Global's shares. Their predictions range from $13.00 to $26.00. On average, they expect Azure Power Global's share price to reach $20.3333 in the next year. This suggests a possible upside of 81.2% from the stock's current price. View Analyst Price Targets for Azure Power Global.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Azure Power Global.

News stories about AZRE stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Azure Power Global earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave news headlines about the energy company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Azure Power Global.

Some companies that are related to Azure Power Global include Pampa Energia (PAM), Kenon (KEN), CENT PUERTO S A/S (CEPU), Empresa Distribuidora y Cmrz Nrt (EDN), Sky Solar (SKYS), AK PWR & TEL CO/SH SH (APTL), Summer Energy (SUME), Biotricity (BTCY), Ocean Power Technologies (OPTT), Premier (PRHL), Clearway Energy Inc Class C (NYLD) 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), Rapid7 (RPD), Enterprise Products Partners (EPD), Enphase Energy (ENPH), Sky Solar (SKYS), Canopy Growth (CGC), Andalay Solar (WEST) and Allena Pharmaceuticals (ALNA).

(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's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.36%), Handelsbanken Fonder AB (1.88%), Perella Weinberg Partners Capital Management LP (0.70%), Renaissance Technologies LLC (0.40%), Kayne Anderson Capital Advisors LP (0.11%) and JPMorgan Chase & Co. (0.04%).

AZRE stock was sold by a variety of institutional investors in the last quarter, including Perella Weinberg Partners Capital Management LP, Handelsbanken Fonder AB, UBS Asset Management Americas Inc. and JPMorgan Chase & Co..

AZRE stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Renaissance Technologies LLC, Wells Fargo & Company MN and Kayne Anderson Capital Advisors LP.

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 $11.22.

Azure Power Global has a market capitalization of $460.47 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]