Azure Power Global - AZRE Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AZRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AZRE, but not buy additional shares or sell existing shares.
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3 brokerages have issued 12-month price objectives for Azure Power Global's stock. Their AZRE share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
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Azure Power Global's stock was trading at $18.15 at the beginning of the year. Since then, AZRE shares have decreased by 73.6% and is now trading at $4.80.
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Azure Power Global saw a drop in short interest in October. As of October 31st, there was short interest totaling 2,280,000 shares, a drop of 9.5% from the October 15th total of 2,520,000 shares. Based on an average daily volume of 920,500 shares, the short-interest ratio is currently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 9th 2022.
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Azure Power Global Limited (NYSE:AZRE) announced its quarterly earnings results on Sunday, August, 29th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.18. The energy company had revenue of $59.70 million for the quarter, compared to analyst estimates of $57.90 million.

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), AstraZeneca (AZN) and Enphase Energy (ENPH).

(AZRE) raised $150 million in an 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.93%), State Street Corp (1.73%), First Trust Advisors LP (1.51%), Kayne Anderson Capital Advisors LP (0.89%), Point72 Asset Management L.P. (0.50%) and Renaissance Technologies LLC (0.45%).

Shares of AZRE stock 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 $4.80.

Azure Power Global (NYSE:AZRE) has a market capitalization of $232.00 million and generates $208.30 million in revenue each year. The energy company earns $-57,300,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis.

The company employs 471 workers across the globe.

Azure Power Global's mailing address is 3RD FLOOR WORLDMARK 3 AEROCITY, NEW DELHI K7, 110037. The official website for the company is www.azurepower.com. The energy company can be reached via phone at 911149409800, via email at ir@azurepower.com, or via fax at 91-11-4940-9807.