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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AZRE shares have decreased by 7.6% and is now trading at $14.80. View which stocks have been most impacted by Coronavirus.

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.

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.

Azure Power Global Ltd (NYSE:AZRE) announced its quarterly 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 net margin of 14.18% and a negative return on equity of 6.54%. View Azure Power Global's earnings history.

5 Wall Street analysts have issued 12-month price targets for Azure Power Global's shares. Their forecasts range from $15.20 to $26.00. On average, they expect Azure Power Global's stock price to reach $20.07 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price. View analysts' price targets for Azure Power Global.

News stories about AZRE stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Azure Power Global earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned media stories about the energy company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days. View the latest news aboutAzure Power Global.

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

Some companies that are related to Azure Power Global include ENEVA S A/S (ENEVY), Otter Tail (OTTR), TransAlta (TAC), Kenon (KEN), Pampa Energia (PAM), CENT PUERTO S A/S (CEPU), Empresa Distribuidora y Cmrz Nrt (EDN), AK PWR & TEL CO/SH SH (APTL), Biotricity (BTCY), Sky Solar (SKYS), Summer Energy (SUME), Ocean Power Technologies (OPTT), Premier (PRHL), CHINA RESOURES/ADR (CRPJY) and COMPANHIA PARAN/S (ELPVY). View all competitors.

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 (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.

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 retail and institutional investors. Top institutional investors 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%).

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

AZRE stock was purchased 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.

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 $14.80.

Azure Power Global has a market capitalization of $607.39 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.

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]