Azure Power Global Stock Forecast, Price & News

Azure Power Global's stock was trading at $16.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AZRE stock has increased by 62.7% and is now trading at $26.06.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Azure Power Global is scheduled to release its next quarterly earnings announcement on Friday, November 20th 2020.
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Azure Power Global Ltd (NYSE:AZRE) posted its earnings results on Thursday, August, 13th. The energy company reported $0.07 EPS for the quarter, beating the Zacks' consensus estimate of ($0.23) by $0.30. The energy company had revenue of $52.20 million for the quarter, compared to the consensus estimate of $50.50 million. Azure Power Global had a negative return on equity of 6.33% and a negative net margin of 18.28%.
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Azure Power Global issued an update on its FY 2021 After-Hours earnings guidance on Thursday, August, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $209-220 million, compared to the consensus revenue estimate of $208.95 million.

6 brokerages have issued 1 year target prices for Azure Power Global's stock. Their forecasts range from $15.20 to $38.00. On average, they anticipate Azure Power Global's share price to reach $27.44 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
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Azure Power Global saw a increase in short interest in October. As of October 15th, there was short interest totaling 176,100 shares, an increase of 38.2% from the September 30th total of 127,400 shares. Based on an average daily trading volume, of 124,900 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the shares of the company are short sold.
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Some companies that are related to Azure Power Global include NextEra Energy Partners (NEP), IDACORP (IDA), PNM Resources (PNM), Black Hills (BKH), Hawaiian Electric Industries (HE), Portland General Electric (POR), Ormat Technologies (ORA), Enel Chile (ENIC), Companhia Paranaense de Energia - COPEL (ELP), Atlantica Yield (AY), CEMIG (CIG), Enel Generación Chile (EOCCY), Centrica (CPYYY), Companhia Paranaense de Energia - COPEL (ELPVY) and Datang International Power Generation (DIPGY).
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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), AstraZeneca (AZN) and Enphase Energy (ENPH).

(AZRE) raised $150 million in an initial public offering on Wednesday, October 12th 2016. The company issued 6,800,000 shares at a price of $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 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 shareholders include Harel Insurance Investments & Financial Services Ltd. (0.00%).

AZRE stock was acquired by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd..

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 $26.06.

Azure Power Global has a market capitalization of $1.25 billion 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.

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]