NYSE:AZRE - Azure Power Global Stock Price, Forecast & News

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

Azure Power Global Ltd (NYSE:AZRE) issued its quarterly earnings data 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 earned $42.65 million during the quarter, compared to analyst estimates 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.

Azure Power Global is scheduled to release their next quarterly earnings announcement on Monday, June 8th 2020. View Earnings Estimates for Azure Power Global.

Azure Power Global issued an update on its FY 2021 After-Hours earnings guidance on Tuesday, February, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $221-232 million, compared to the consensus revenue estimate of $256.78 million.

5 brokerages have issued 1-year price objectives for Azure Power Global's shares. Their forecasts range from $15.20 to $26.00. On average, they expect Azure Power Global's share price to reach $20.07 in the next year. This suggests a possible upside of 25.3% from the stock's current price. View Analyst Price Targets for 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.

News articles about AZRE stock have trended very negative on Friday, according to InfoTrie. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Azure Power Global earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave news headlines about the energy company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Azure Power Global.

Azure Power Global saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 7,400 shares, a decline of 22.1% from the January 30th total of 9,500 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short. View Azure Power Global's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Azure Power Global investors own include Canadian Solar (CSIQ), LightPath Technologies (LPTH), Canopy Growth (CGC), Daqo New Energy (DQ), Enterprise Products Partners (EPD), AT&T (T), Ascent Solar Technologies (ASTI), Rapid7 (RPD), Stitch Fix (SFIX) and SVMK (SVMK).

(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.

Azure Power Global's stock is owned by many different of institutional and retail investors. Top institutional investors include Caisse DE Depot ET Placement DU Quebec (57.36%), Jefferies Group LLC (1.94%), Handelsbanken Fonder AB (1.92%), Renaissance Technologies LLC (0.49%), State Street Corp (0.06%) and Brookfield Public Securities Group LLC (0.02%).

AZRE stock was bought by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Jefferies Group LLC, Renaissance Technologies LLC, State Street Corp, Handelsbanken Fonder AB, Brookfield Public Securities Group LLC and US Bancorp DE.

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 $16.02.

Azure Power Global has a market capitalization of $657.46 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.View Additional Information About Azure Power Global.

The official website for Azure Power Global is http://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]