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NYSE:AZREAzure Power Global Stock Price, Forecast & News

$14.75
-0.35 (-2.32 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$14.75
Now: $14.75
$15.10
50-Day Range
$14.07
MA: $14.98
$16.25
52-Week Range
$10.10
Now: $14.75
$16.80
Volume2,227 shs
Average Volume12,494 shs
Market Capitalization$605.34 million
P/E RatioN/A
Dividend YieldN/A
Beta0.33
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2018, the company had a portfolio capacity of approximately 1,871 megawatts. Azure Power Global Limited was founded in 2007 and is based in New Delhi, India.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.40 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone91-11-4940-9800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$143.52 million
Cash Flow$1.29 per share
Book Value$8.95 per share

Profitability

Net Income$1.13 million

Miscellaneous

Employees539
Market Cap$605.34 million
Next Earnings Date6/8/2020 (Estimated)
OptionableNot Optionable

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Azure Power Global (NYSE:AZRE) Frequently Asked Questions

How has Azure Power Global's stock been impacted by COVID-19 (Coronavirus)?

Azure Power Global's stock was trading at $16.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AZRE stock has decreased by 7.9% and is now trading at $14.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Azure Power Global?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Azure Power Global.

When is Azure Power Global's next earnings date?

Azure Power Global is scheduled to release its next quarterly earnings announcement on Monday, June 8th 2020. View our earnings forecast for Azure Power Global.

How were Azure Power Global's earnings last quarter?

Azure Power Global Ltd (NYSE:AZRE) posted its earnings results on Tuesday, February, 11th. The energy company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by $0.12. The energy company had revenue of $42.65 million for the quarter, compared to analysts' expectations of $44.20 million. Azure Power Global had a negative return on equity of 6.54% and a negative net margin of 14.18%. View Azure Power Global's earnings history.

What price target have analysts set for AZRE?

5 analysts have issued 12-month target prices for Azure Power Global's stock. Their forecasts range from $15.20 to $26.00. On average, they anticipate Azure Power Global's stock price to reach $20.07 in the next twelve months. This suggests a possible upside of 36.0% from the stock's current price. View analysts' price targets for Azure Power Global.

Has Azure Power Global been receiving favorable news coverage?

News headlines about AZRE stock have trended very negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news 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 news sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the energy company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock's share price in the near term. View the latest news aboutAzure Power Global.

Are investors shorting Azure Power Global?

Azure Power Global saw a decline in short interest in May. As of May 15th, there was short interest totaling 17,000 shares, a decline of 20.6% from the April 30th total of 21,400 shares. Based on an average trading volume of 28,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company's stock are short sold. View Azure Power Global's Current Options Chain.

Who are some of Azure Power Global's key competitors?

What other stocks do shareholders of Azure Power Global own?

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).

Who are Azure Power Global's key executives?

Azure Power Global's management team includes the following people:
  • Mr. Inderpreet Singh Wadhwa, Founder, Chairman & CEO (Age 46)
  • Mr. Harkanwal Singh Wadhwa, COO & Director (Age 74)
  • Mr. Sushil Bhagat, Chief Financial Officer (Age 56)
  • Mr. Surendra Kumar Gupta, Exec. VP of Corp. Fin., IT & Operations (Age 66)
  • Mr. Preet Sandhu, Exec. VP of Infra (Age 50)

When did Azure Power Global IPO?

(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.

What is Azure Power Global's stock symbol?

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

Who are Azure Power Global's major shareholders?

Azure Power Global's stock is owned by many different retail and institutional investors. Top institutional shareholders include Caisse DE Depot ET Placement DU Quebec (59.11%), Morgan Stanley (7.55%), Morgan Stanley (7.55%), Arosa Capital Management LP (0.43%), Invesco Ltd. (0.38%) and State Street Corp (0.06%).

Which major investors are selling Azure Power Global stock?

AZRE stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN.

Which major investors are buying Azure Power Global stock?

AZRE stock was bought by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Morgan Stanley, Morgan Stanley, Arosa Capital Management LP, Invesco Ltd., State Street Corp, and Zurcher Kantonalbank Zurich Cantonalbank .

How do I buy shares of Azure Power Global?

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.

What is Azure Power Global's stock price today?

One share of AZRE stock can currently be purchased for approximately $14.75.

How big of a company is Azure Power Global?

Azure Power Global has a market capitalization of $605.34 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.

What is Azure Power Global's official website?

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

How can I contact Azure Power Global?

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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