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NYSE:AZREAzure Power Global Stock Price, Forecast & News

$16.37
+0.37 (+2.31 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$15.81
Now: $16.37
$16.38
50-Day Range
$13.50
MA: $15.25
$16.00
52-Week Range
$10.10
Now: $16.37
$16.80
Volume10,961 shs
Average Volume19,971 shs
Market Capitalization$780.03 million
P/E RatioN/A
Dividend YieldN/A
Beta0.34
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: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$171.90 million
Cash Flow$0.57 per share
Book Value$8.80 per share

Profitability

Net Income$-30,000,000.00

Miscellaneous

Employees539
Market Cap$780.03 million
Next Earnings Date8/10/2020 (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 COVID-19 reached pandemic status according to the World Health Organization. Since then, AZRE stock has increased by 2.2% and is now trading at $16.37. View which stocks have been most impacted by Coronavirus.

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

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." 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, August 10th 2020. View our earnings forecast for Azure Power Global.

How were Azure Power Global's earnings last quarter?

Azure Power Global Ltd (NYSE:AZRE) announced its quarterly earnings data on Tuesday, February, 11th. The energy company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.32) by $0.12. The energy company earned $42.65 million during the quarter, compared to the consensus estimate of $44.20 million. Azure Power Global had a negative return on equity of 6.78% and a negative net margin of 18.08%. View Azure Power Global's earnings history.

What guidance has Azure Power Global issued on next quarter's earnings?

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 (EPS) 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.

What price target have analysts set for AZRE?

6 Wall Street analysts have issued 1-year price objectives for Azure Power Global's stock. Their forecasts range from $15.20 to $28.00. On average, they anticipate Azure Power Global's share price to reach $22.05 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price. View analysts' price targets for Azure Power Global.

Has Azure Power Global been receiving favorable news coverage?

News articles about AZRE stock have trended negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Azure Power Global earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days. View the latest news about Azure Power Global.

Are investors shorting Azure Power Global?

Azure Power Global saw a decrease in short interest in June. As of June 30th, there was short interest totaling 10,800 shares, a decrease of 12.2% from the June 15th total of 12,300 shares. Based on an average daily volume of 17,800 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company 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."

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 $16.37.

How big of a company is Azure Power Global?

Azure Power Global has a market capitalization of $780.03 million 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.

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 7/5/2020 by MarketBeat.com Staff

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