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. Since then, AZRE stock has 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) issued its earnings results on Friday, June, 12th. The energy company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.15) by $0.20. The energy company earned $48.70 million during the quarter, compared to analyst estimates 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 brokerages have issued 1-year target prices for Azure Power Global's stock. Their forecasts range from $15.20 to $28.00. On average, they expect Azure Power Global's share price to reach $22.05 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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Headlines about AZRE stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. 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 coverage optimism score of -2.9 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 stock's share price in the next several days.
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. Approximately 0.0% of the company's shares are sold short.
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Some companies that are related to Azure Power Global include Nextera Energy Partners (NEP), Enel Chile (ENIC), Hawaiian Electric Industries (HE), Portland General Electric (POR), CENTRICA PLC/S (CPYYY), Black Hills (BKH), CEMIG (CIG), COMPANHIA PARAN/S (ELPVY), PNM Resources (PNM), Companhia Paranaense de Energia (ELP), Atlantica Yield (AY), Ormat Technologies (ORA), El Paso Electric (EE), Datang Intl Power Generation (DIPGY) and ENEVA S A/S (ENEVY).
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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 served 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 number of institutional and retail investors. Top institutional investors 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]