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NYSE:AZRE

Azure Power Global - AZRE Stock Forecast, Price & News

$2.10
+0.13 (+6.60%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$1.97
$2.20
50-Day Range
$1.68
$4.35
52-Week Range
$1.62
$19.59
Volume
378,658 shs
Average Volume
308,272 shs
Market Capitalization
$101.49 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.50

Azure Power Global MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
114.3% Upside
$4.50 Price Target
Short Interest
Healthy
2.98% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Azure Power Global in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Oils/Energy Sector

231st out of 242 stocks

Electric Services Industry

38th out of 40 stocks


AZRE stock logo

About Azure Power Global (NYSE:AZRE) Stock

Azure Power Global Ltd. is a holding company, which engages in the development, production, and sale of solar energy. It offers services to government utilities; and independent industrial and commercial customers. The company was founded by Harkanwal Singh Wadhwa and Inderpreet Singh Wadhwa in 2008 and is headquartered in New Delhi, India.

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AZRE Stock News Headlines

Azure Power Global (NYSE:AZRE) Now Covered by StockNews.com
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
AZRE.K - | Stock Price & Latest News | Reuters
AZRE Azure Power Global Limited
See More Headlines
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AZRE Company Calendar

Last Earnings
8/29/2021
Today
3/27/2023
Next Earnings (Estimated)
3/31/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Employees
471
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.50
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+114.3%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$208.30 million
Cash Flow
$0.59 per share
Book Value
$6.94 per share

Miscellaneous

Free Float
48,140,000
Market Cap
$101.49 million
Optionable
Not Optionable
Beta
0.76

Key Executives

  • Rupesh Agarwal
    Chief Executive Officer
  • R. Narasimhan Iyer
    Chief Operating Officer
  • Pawan Kumar Agrawal
    Chief Financial Officer
  • Sumit Barat
    Chief Sustainability Officer
  • Preet Mohindersingh Sandhu
    Executive Vice President- Infra Business Unit













AZRE Stock - Frequently Asked Questions

Should I buy or sell Azure Power Global stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street 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.
View AZRE analyst ratings
or view top-rated stocks.

What is Azure Power Global's stock price forecast for 2023?

2 analysts have issued twelve-month price targets for Azure Power Global's stock. Their AZRE share price forecasts range from $4.00 to $5.00. On average, they predict the company's stock price to reach $4.50 in the next twelve months. This suggests a possible upside of 114.3% from the stock's current price.
View analysts price targets for AZRE
or view top-rated stocks among Wall Street analysts.

How have AZRE shares performed in 2023?

Azure Power Global's stock was trading at $4.31 at the start of the year. Since then, AZRE stock has decreased by 51.3% and is now trading at $2.10.
View the best growth stocks for 2023 here
.

Are investors shorting Azure Power Global?

Azure Power Global saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,440,000 shares, a decrease of 5.9% from the February 28th total of 1,530,000 shares. Based on an average trading volume of 305,100 shares, the short-interest ratio is presently 4.7 days.
View Azure Power Global's Short Interest
.

When is Azure Power Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, March 31st 2023.
View our AZRE earnings forecast
.

How were Azure Power Global's earnings last quarter?

Azure Power Global Limited (NYSE:AZRE) announced its quarterly earnings results on Sunday, August, 29th. The energy company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.18. The energy company earned $59.70 million during the quarter, compared to analysts' expectations of $57.90 million.

What ETFs hold Azure Power Global's stock?
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), Verizon Communications (VZ), Allena Pharmaceuticals (Alna), Enterprise Products Partners (EPD), Gilead Sciences (GILD), JD.com (JD), Rapid7 (RPD), AT&T (T), Enphase Energy (ENPH).

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 acted 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 a number of retail and institutional investors. Top institutional investors include Legal & General Group Plc (2.87%), Kayne Anderson Capital Advisors LP (1.56%), First Trust Advisors LP (1.45%), Donald Smith & CO. Inc. (0.70%), Point72 Asset Management L.P. (0.61%) and Nia Impact Advisors LLC (0.52%).

How do I buy shares of Azure Power Global?

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.
Compare Top Brokerages Here.

What is Azure Power Global's stock price today?

One share of AZRE stock can currently be purchased for approximately $2.10.

How much money does Azure Power Global make?

Azure Power Global (NYSE:AZRE) has a market capitalization of $101.49 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.

How many employees does Azure Power Global have?

The company employs 471 workers across the globe.

How can I contact Azure Power Global?

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.

This page (NYSE:AZRE) was last updated on 3/27/2023 by MarketBeat.com Staff