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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:AZRE
Previous Symbol
CUSIPN/A
Phone91-11-4940-9800
Debt
Debt-to-Equity Ratio5.29
Current Ratio1.45
Quick Ratio1.45
Price-To-Earnings
Trailing P/E Ratio-16.51
Forward P/E Ratio536.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$118.27 million
Price / Sales3.70
Cash Flow$1.2362 per share
Price / Cash8.68
Book Value$7.84 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)($0.65)
Net Income$-12,600,000.00
Net Margins-1.97%
Return on Equity-1.73%
Return on Assets-0.28%
Miscellaneous
Employees539
Outstanding Shares40,820,000
Market Cap$440.89 million
OptionableNot Optionable
Azure Power Global (NYSE:AZRE) Frequently Asked Questions
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 were Azure Power Global's earnings last quarter?
Azure Power Global Ltd (NYSE:AZRE) posted its quarterly earnings data on Tuesday, November, 13th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.07. The energy company had revenue of $30.68 million for the quarter, compared to analysts' expectations of $33 million. Azure Power Global had a negative return on equity of 1.73% and a negative net margin of 1.97%. View Azure Power Global's Earnings History.
When is Azure Power Global's next earnings date?
What guidance has Azure Power Global issued on next quarter's earnings?
Azure Power Global updated its FY 2018 earnings guidance on Tuesday, November, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $143-151 million, compared to the consensus revenue estimate of $141.08 million.
What price target have analysts set for AZRE?
4 analysts have issued 12 month target prices for Azure Power Global's shares. Their predictions range from $22.00 to $31.00. On average, they anticipate Azure Power Global's stock price to reach $26.50 in the next twelve months. This suggests a possible upside of 147.0% from the stock's current price. View Analyst Price Targets for Azure Power Global.
What is the consensus analysts' recommendation for Azure Power Global?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Azure Power Global in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Azure Power Global.
Has Azure Power Global been receiving favorable news coverage?
News stories about AZRE stock have been trending somewhat negative this week, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Azure Power Global earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next several days.
Who are some of Azure Power Global's key competitors?
Some companies that are related to Azure Power Global include Cent PUERTO S A/S (CEPU), TransAlta (TAC), Innergex Renewable Energy (INGXF), Empresa Distribuidora y Cmrz Nrt (EDN), COMPANHIA PARAN/S (ELPVY), ENEVA S A/S (ENEVY), Kenon (KEN), Datang Intl Power Generation (DIPGY), Sky Solar (SKYS), AK PWR & TEL CO/SH SH (APTL), Summer Energy (SUME), Biotricity (BTCY), Ocean Power Technologies (OPTT), Premier (PRHL) and 8Point3 Energy Partners (CAFD).
Who are Azure Power Global's key executives?
Azure Power Global's management team includes the folowing people:
- Mr. Inderpreet Singh Wadhwa, Founder, Chairman & CEO (Age 45)
- Mr. Sushil Bhagat, Chief Financial Officer (Age 55)
- Mr. Harkanwal Singh Wadhwa, COO & Director (Age 73)
- Mr. Mohor Sen, Chief Admin. Officer (Age 68)
- Mr. Surendra Kumar Gupta, Exec. VP of O&M (Age 65)
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 acted as the underwriters for the IPO and Roth Capital Partners was co-manager.
Who are Azure Power Global's major shareholders?
Azure Power Global's stock is owned by a number of of retail and institutional investors. Top institutional investors include Morgan Stanley (2.83%), Franklin Resources Inc. (0.69%), Perella Weinberg Partners Capital Management LP (0.37%) and Renaissance Technologies LLC (0.21%).
Which major investors are buying Azure Power Global stock?
AZRE stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Renaissance Technologies LLC, Perella Weinberg Partners Capital Management LP and Morgan Stanley.
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, Scottrade, Fidelity and Charles Schwab.
What is Azure Power Global's stock price today?
One share of AZRE stock can currently be purchased for approximately $10.73.
How big of a company is Azure Power Global?
Azure Power Global has a market capitalization of $440.89 million and generates $118.27 million in revenue each year. The energy company earns $-12,600,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis. Azure Power Global employs 539 workers across the globe.
What is Azure Power Global's official website?
How can I contact Azure Power Global?
Azure Power Global's mailing address is 3RD FLOOR WORLDMARK 3 AEROCITY, NEW DELHI K7, 00000. The energy company can be reached via phone at 91-11-4940-9800 or via email at [email protected]
MarketBeat Community Rating for Azure Power Global (NYSE AZRE)
MarketBeat's community ratings are surveys of what our community members think about Azure Power Global 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.
