NYSE:AZRE - Azure Power Stock Price, Price Target & More

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$15.20 -0.05 (-0.33 %)
(As of 05/22/2018 04:00 PM ET)
Previous Close$15.20
Today's Range$15.20 - $15.30
52-Week Range$12.53 - $18.10
Volume39,382 shs
Average Volume1,588 shs
Market Capitalization$398.87 million
P/E Ratio-8.84
Dividend YieldN/A
Beta1.85

About Azure Power (NYSE:AZRE)

Azure Power logoAzure 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 entities, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2017, it had an installed capacity of 12.2 gigawatts. The company was founded in 2007 and is based in New Delhi, India.

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:AZRE
CUSIPN/A
Phone91-11-4940-9800

Debt

Debt-to-Equity Ratio3.90
Current Ratio3.65
Quick Ratio3.65

Price-To-Earnings

Trailing P/E Ratio-8.84
Forward P/E Ratio-24.13
P/E GrowthN/A

Sales & Book Value

Annual Sales$64.50 million
Price / Sales6.12
Cash FlowN/A
Price / CashN/A
Book Value$8.64 per share
Price / Book1.76

Profitability

EPS (Most Recent Fiscal Year)($1.72)
Net Income$-18,080,000.00
Net Margins-19.14%
Return on Equity-10.40%
Return on Assets-2.20%

Miscellaneous

Employees401
Outstanding Shares25,990,000

Azure Power (NYSE:AZRE) Frequently Asked Questions

What is Azure Power's stock symbol?

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

How were Azure Power's earnings last quarter?

Azure Power (NYSE:AZRE) issued its earnings results on Monday, June, 19th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.16. The energy company earned $20.32 million during the quarter, compared to analyst estimates of $21.50 million. Azure Power had a negative return on equity of 10.40% and a negative net margin of 19.14%. View Azure Power's Earnings History.

When is Azure Power's next earnings date?

Azure Power is scheduled to release their next quarterly earnings announcement on Monday, June, 18th 2018. View Earnings Estimates for Azure Power.

What price target have analysts set for AZRE?

1 brokers have issued 1 year target prices for Azure Power's shares. Their forecasts range from $22.00 to $22.00. On average, they expect Azure Power's stock price to reach $22.00 in the next twelve months. View Analyst Ratings for Azure Power.

Who are some of Azure Power's key competitors?

Who are Azure Power's key executives?

Azure Power's management team includes the folowing people:
  • Mr. Inderpreet Singh Wadhwa, Founder, Chairman & CEO (Age 45)
  • Mr. Harkanwal Singh Wadhwa, COO & Director (Age 73)
  • Mr. Mohor Sen, Chief Admin. Officer & Head of Shared Service Division (Age 68)
  • Mr. Surendra Kumar Gupta, Exec. VP of O&M and Head of O&M Bus. Unit (Age 65)
  • Mr. Preet Sandhu, Exec. VP & Head of Infra Bus. Unit (Age 49)

When did Azure Power IPO?

(AZRE) raised $150 million in an initial public offering 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.

Has Azure Power been receiving favorable news coverage?

Press coverage about AZRE stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Azure Power earned a media sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the energy company an impact score of 46.42 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are Azure Power's major shareholders?

Azure Power's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Handelsbanken Fonder AB (2.06%), Handelsbanken Fonder AB (2.06%) and Sei Investments Co. (0.12%). View Institutional Ownership Trends for Azure Power.

Which institutional investors are buying Azure Power stock?

AZRE stock was purchased by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Handelsbanken Fonder AB and Sei Investments Co.. View Insider Buying and Selling for Azure Power.

How do I buy shares of Azure Power?

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, Scottrade, Fidelity and Charles Schwab.

What is Azure Power's stock price today?

One share of AZRE stock can currently be purchased for approximately $15.20.

How big of a company is Azure Power?

Azure Power has a market capitalization of $398.87 million and generates $64.50 million in revenue each year. The energy company earns $-18,080,000.00 in net income (profit) each year or ($1.72) on an earnings per share basis. Azure Power employs 401 workers across the globe.

How can I contact Azure Power?

Azure Power's mailing address is 8 LOCAL SHOPPING COMPLEX PUSHP VIHAR MADANGIR, NEW DELHI K7, 00000. The energy company can be reached via phone at 91-11-4940-9800.


MarketBeat Community Rating for Azure Power (AZRE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  92 (Vote Outperform)
Underperform Votes:  99 (Vote Underperform)
Total Votes:  191
MarketBeat's community ratings are surveys of what our community members think about Azure Power and other stocks. Vote "Outperform" if you believe AZRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AZRE will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Azure Power (NYSE:AZRE) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
1 Wall Street analysts have issued ratings and price targets for Azure Power in the last 12 months. Their average twelve-month price target is $22.00, suggesting that the stock has a possible upside of 44.74%. The high price target for AZRE is $22.00 and the low price target for AZRE is $22.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 3.003.003.003.00
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $22.00$22.00$22.00$22.00
Price Target Upside: 44.74% upside41.94% upside41.94% upside41.94% upside

Azure Power (NYSE:AZRE) Consensus Price Target History

Price Target History for Azure Power (NYSE:AZRE)

Azure Power (NYSE:AZRE) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/20/2017Roth CapitalSet Price TargetBuy$22.00LowView Rating Details
12/1/2016BarclaysInitiated CoverageOverweight$23.00N/AView Rating Details
11/24/2016Credit Suisse GroupSet Price TargetBuy$21.00N/AView Rating Details
(Data available from 5/22/2016 forward)

Earnings

Azure Power (NYSE:AZRE) Earnings History and Estimates Chart

Earnings by Quarter for Azure Power (NYSE:AZRE)

Azure Power (NYSE:AZRE) Earnings Estimates

Current Year EPS Consensus Estimate: $-0.63 EPS
Next Year EPS Consensus Estimate: $0.04 EPS

Azure Power (NYSE AZRE) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/18/2018($0.04)N/AView Earnings Details
2/8/2018Q3 2018($0.15)($0.12)$29.90 million$27.26 millionViewN/AView Earnings Details
11/9/2017Q2 2018($0.95)($0.64)$26.60 million$27.93 millionViewN/AView Earnings Details
8/11/2017Q1 2018$0.12$0.09$28.50 million$29.06 millionViewN/AView Earnings Details
6/19/20173/31/2017($0.04)($0.20)$21.50 million$20.32 millionViewN/AView Earnings Details
2/13/2017Q316($0.14)($0.34)$14.00 million$13.97 millionViewN/AView Earnings Details
11/22/2016Q216($0.11)($1.94)$13.44 millionViewN/AView Earnings Details
9/22/2016Q1 2017($3.00)$15.13 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Azure Power (NYSE:AZRE) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Azure Power (NYSE AZRE) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 41.63%
Insider Trading History for Azure Power (NYSE:AZRE)
Institutional Ownership by Quarter for Azure Power (NYSE:AZRE)

Azure Power (NYSE AZRE) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
(Data available from 1/1/2013 forward)

Headlines

Azure Power (NYSE AZRE) News Headlines

Source:
DateHeadline
Azure Power Marks New Milestone with the Crossing of 2 Gigawatt Solar PortfolioAzure Power Marks New Milestone with the Crossing of 2 Gigawatt Solar Portfolio
finance.yahoo.com - May 22 at 9:25 AM
Azure Power (AZRE) Announces 130 MW Solar Power Contract Win in MaharashtraAzure Power (AZRE) Announces 130 MW Solar Power Contract Win in Maharashtra
www.streetinsider.com - May 17 at 9:53 AM
Azure Power Wins 130 MW Solar Power Project in MaharashtraAzure Power Wins 130 MW Solar Power Project in Maharashtra
finance.yahoo.com - May 17 at 9:53 AM
 Azure Power (AZRE) Given $22.00 Average Target Price by Brokerages Azure Power (AZRE) Given $22.00 Average Target Price by Brokerages
www.americanbankingnews.com - May 9 at 3:04 PM
 Azure Power (AZRE) Given Consensus Rating of "Strong Buy" by Brokerages Azure Power (AZRE) Given Consensus Rating of "Strong Buy" by Brokerages
www.americanbankingnews.com - April 24 at 3:12 PM
Azure Power Commissions 40 MW Project in IndiaAzure Power Commissions 40 MW Project in India
seekingalpha.com - April 17 at 4:42 PM
Azure Power (AZRE) & The Competition Head to Head ComparisonAzure Power (AZRE) & The Competition Head to Head Comparison
www.americanbankingnews.com - April 17 at 11:21 AM
Head-To-Head Contrast: Azure Power (AZRE) vs. Its CompetitorsHead-To-Head Contrast: Azure Power (AZRE) vs. Its Competitors
www.americanbankingnews.com - April 16 at 1:26 AM
Comparing Azure Power (AZRE) and The CompetitionComparing Azure Power (AZRE) and The Competition
www.americanbankingnews.com - April 15 at 11:15 AM
Azure Power (AZRE) Upgraded at Zacks Investment ResearchAzure Power (AZRE) Upgraded at Zacks Investment Research
www.americanbankingnews.com - April 13 at 5:29 PM
Zacks: Azure Power (AZRE) Receives Average Rating of "Strong Buy" from AnalystsZacks: Azure Power (AZRE) Receives Average Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - April 9 at 5:22 AM
Head to Head Survey: Azure Power (AZRE) vs. The CompetitionHead to Head Survey: Azure Power (AZRE) vs. The Competition
www.americanbankingnews.com - April 7 at 1:14 AM
Azure Power (AZRE) & Its Competitors Head-To-Head ReviewAzure Power (AZRE) & Its Competitors Head-To-Head Review
www.americanbankingnews.com - April 3 at 1:26 PM
Azure Power (AZRE) Says it Won 200 MW Solar Power Project in GujaratAzure Power (AZRE) Says it Won 200 MW Solar Power Project in Gujarat
www.streetinsider.com - April 3 at 9:59 AM
Azure Power Wins 200 MW Solar Power Project in GujaratAzure Power Wins 200 MW Solar Power Project in Gujarat
finance.yahoo.com - April 3 at 9:59 AM
Azure Power Global (AZRE) and Its Peers Head-To-Head ComparisonAzure Power Global (AZRE) and Its Peers Head-To-Head Comparison
www.americanbankingnews.com - April 1 at 3:10 AM
Head to Head Comparison: Azure Power Global (AZRE) and Ormat Technologies (ORA)Head to Head Comparison: Azure Power Global (AZRE) and Ormat Technologies (ORA)
www.americanbankingnews.com - March 26 at 5:25 AM
 Azure Power Global Ltd (AZRE) Given Consensus Recommendation of "Strong Buy" by Brokerages Azure Power Global Ltd (AZRE) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - March 25 at 11:14 PM
Contrasting Azure Power Global (AZRE) & Its PeersContrasting Azure Power Global (AZRE) & Its Peers
www.americanbankingnews.com - March 25 at 7:12 PM
 Azure Power Global Ltd (AZRE) Given $22.00 Average Price Target by Brokerages Azure Power Global Ltd (AZRE) Given $22.00 Average Price Target by Brokerages
www.americanbankingnews.com - March 20 at 9:24 AM
Head-To-Head Survey: Azure Power Global (AZRE) & Its PeersHead-To-Head Survey: Azure Power Global (AZRE) & Its Peers
www.americanbankingnews.com - March 19 at 9:18 PM
Financial Survey: Canadian Solar (CSIQ) versus Azure Power Global (AZRE)Financial Survey: Canadian Solar (CSIQ) versus Azure Power Global (AZRE)
www.americanbankingnews.com - March 19 at 5:32 PM
Head to Head Review: Azure Power Global (AZRE) vs. Enviva Partners (EVA)Head to Head Review: Azure Power Global (AZRE) vs. Enviva Partners (EVA)
www.americanbankingnews.com - March 19 at 1:37 PM
Zacks: Azure Power Global Ltd (AZRE) Given Average Rating of "Strong Buy" by AnalystsZacks: Azure Power Global Ltd (AZRE) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - March 12 at 7:27 PM
Azure Power Global Ltd (AZRE) Shares Bought by Caisse DE Depot ET Placement DU QuebecAzure Power Global Ltd (AZRE) Shares Bought by Caisse DE Depot ET Placement DU Quebec
www.americanbankingnews.com - March 6 at 5:20 AM
Zacks: Azure Power Global Ltd (AZRE) Given $22.00 Average Price Target by BrokeragesZacks: Azure Power Global Ltd (AZRE) Given $22.00 Average Price Target by Brokerages
www.americanbankingnews.com - March 2 at 5:12 AM
 Azure Power Global Ltd (AZRE) Receives Average Recommendation of "Strong Buy" from Analysts Azure Power Global Ltd (AZRE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - February 25 at 11:12 PM
 Analysts Set $22.00 Price Target for Azure Power Global Ltd (AZRE) Analysts Set $22.00 Price Target for Azure Power Global Ltd (AZRE)
www.americanbankingnews.com - February 16 at 9:28 PM
Azure Power Global (AZRE) Lowered to Sell at Zacks Investment ResearchAzure Power Global (AZRE) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - February 14 at 6:00 PM
Zacks: Azure Power Global Ltd (AZRE) Given Consensus Recommendation of "Strong Buy" by AnalystsZacks: Azure Power Global Ltd (AZRE) Given Consensus Recommendation of "Strong Buy" by Analysts
www.americanbankingnews.com - February 13 at 1:44 PM
Azure Power Global Ltd. to Host Earnings CallAzure Power Global Ltd. to Host Earnings Call
finance.yahoo.com - February 9 at 9:05 AM
Azure Power Announces Results for Fiscal Third Quarter 2018Azure Power Announces Results for Fiscal Third Quarter 2018
finance.yahoo.com - February 9 at 9:05 AM
Azure Power Global (AZRE) to Release Quarterly Earnings on ThursdayAzure Power Global (AZRE) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - February 5 at 8:32 PM
Dipti Swain Joins Azure Power as General CounselDipti Swain Joins Azure Power as General Counsel
finance.yahoo.com - January 31 at 9:14 AM
Wired News – Azure Power Global to Expand Electrification to 152 Schools Across Six States in IndiaWired News – Azure Power Global to Expand Electrification to 152 Schools Across Six States in India
finance.yahoo.com - January 30 at 9:23 AM
 Azure Power Global Ltd (AZRE) Receives Average Rating of "Strong Buy" from Brokerages Azure Power Global Ltd (AZRE) Receives Average Rating of "Strong Buy" from Brokerages
www.americanbankingnews.com - January 26 at 11:06 AM
Azure Roof Power to Electrify 152 Schools under Ministry of Human Resource Development Across Six StatesAzure Roof Power to Electrify 152 Schools under Ministry of Human Resource Development Across Six States
finance.yahoo.com - January 26 at 9:06 AM
BRIEF-Azure Roof Power To Electrify Government Buildings Of Udaipur Smart CityBRIEF-Azure Roof Power To Electrify Government Buildings Of Udaipur Smart City
www.reuters.com - January 25 at 9:00 AM
Azure Roof Power to Electrify Government Buildings of Udaipur Smart CityAzure Roof Power to Electrify Government Buildings of Udaipur Smart City
finance.yahoo.com - January 24 at 4:54 PM
 Brokerages Set $22.00 Target Price for Azure Power Global Ltd (AZRE) Brokerages Set $22.00 Target Price for Azure Power Global Ltd (AZRE)
www.americanbankingnews.com - January 23 at 7:34 PM
Brokerages Expect Azure Power Global Ltd (AZRE) to Announce ($0.15) EPSBrokerages Expect Azure Power Global Ltd (AZRE) to Announce ($0.15) EPS
www.americanbankingnews.com - January 20 at 9:14 PM
Azure Power Commissions 100 MW NTPC Solar Project in TelanganaAzure Power Commissions 100 MW NTPC Solar Project in Telangana
finance.yahoo.com - January 12 at 10:44 AM
Azure Power Global (AZRE) Cut to "Hold" at Zacks Investment ResearchAzure Power Global (AZRE) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - January 10 at 6:00 PM
Azure Power Wins 200 MWs in SECI AuctionAzure Power Wins 200 MWs in SECI Auction
finance.yahoo.com - January 9 at 10:36 AM
Azure Power Global (AZRE) Upgraded at Zacks Investment ResearchAzure Power Global (AZRE) Upgraded at Zacks Investment Research
www.americanbankingnews.com - January 8 at 6:08 PM
Zacks: Azure Power Global Ltd (AZRE) Given $22.00 Average Target Price by BrokeragesZacks: Azure Power Global Ltd (AZRE) Given $22.00 Average Target Price by Brokerages
www.americanbankingnews.com - January 5 at 8:06 AM
BRIEF-Azure Power Global Files To Withdraw Form F-3 Filed With U.S. SEC On December 20BRIEF-Azure Power Global Files To Withdraw Form F-3 Filed With U.S. SEC On December 20
www.reuters.com - December 29 at 4:11 PM
Zacks: Azure Power Global Ltd (AZRE) Given Consensus Rating of "Strong Buy" by BrokeragesZacks: Azure Power Global Ltd (AZRE) Given Consensus Rating of "Strong Buy" by Brokerages
www.americanbankingnews.com - December 21 at 5:40 PM
BRIEF-Azure Power Global Files For Mixed Shelf Of Up To $150 MlnBRIEF-Azure Power Global Files For Mixed Shelf Of Up To $150 Mln
www.reuters.com - December 20 at 10:48 AM
Zacks: Brokerages Set $22.00 Price Target for Azure Power Global Ltd (AZRE)Zacks: Brokerages Set $22.00 Price Target for Azure Power Global Ltd (AZRE)
www.americanbankingnews.com - December 5 at 1:10 AM

SEC Filings

Azure Power (NYSE:AZRE) SEC Filings

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Social Media

Financials

Azure Power (NYSE:AZRE) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Azure Power (NYSE AZRE) Stock Chart for Tuesday, May, 22, 2018

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This page was last updated on 5/22/2018 by MarketBeat.com Staff

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