Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts. The Company's services include design, engineering and construction of grid integrated solar installations; off grid solar installations for villages, hamlets and remote areas; turnkey solar installations for commercial and residential complexes on roof tops, as back up and alternate source, and operation and maintenance of solar installations. The Company's projects include Project Punjab, Rajasthan Projects, Gandhinagar Smart City Rooftop Project and Micro-Grids in Bihar and Uttar Pradesh.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Renewable Utilities
- Sub-Industry: N/A
- Symbol: NYSE:AZRE
- CUSIP: N/A
- Web: www.azurepower.com
Capitalization:- Market Cap: $402.01 million
- Outstanding Shares: 25,936,000
Average Prices:- 50 Day Moving Avg: $16.04
- 200 Day Moving Avg: $16.79
- 52 Week Range: $12.73 - $22.00
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 16.32
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $78.86 million
- Price / Sales: 5.10
- Book Value: $8.03 per share
- Price / Book: 1.93
Profitability:- EBIDTA: $55.28 million
- Net Margins: -18.15%
- Return on Equity: -9.96%
- Return on Assets: -1.76%
Debt:- Debt-to-Equity Ratio: 2.27%
- Current Ratio: 1.31%
- Quick Ratio: 1.31%
Misc:- Average Volume: 11,931 shs.
- Short Ratio: 5.02
Frequently Asked Questions for Azure Power Global (NYSE:AZRE)
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 results on Friday, August, 11th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by $0.03. The business had revenue of $29.06 million for the quarter, compared to analysts' expectations of $28.50 million. Azure Power Global had a negative return on equity of 9.96% and a negative net margin of 18.15%. View Azure Power Global's Earnings History.
When will Azure Power Global make its next earnings announcement?
Where is Azure Power Global's stock going? Where will Azure Power Global's stock price be in 2017?
3 equities research analysts have issued twelve-month price targets for Azure Power Global's stock. Their forecasts range from $21.00 to $23.00. On average, they expect Azure Power Global's share price to reach $22.00 in the next twelve months. View Analyst Ratings for Azure Power Global.
Who are some of Azure Power Global's key competitors?
Some companies that are related to Azure Power Global include EP Energy Corporation (EPE), Noble Corporation (NE), Par Pacific Holdings (PARR), SunCoke Energy Partners, L.P. (SXCP), Precision Drilling Corporation (PDS), Enviva Partners, LP (EVA), JinkoSolar Holding Company Limited (JKS), Delek Logistics Partners, L.P. (DKL), Sunrun (RUN), TransMontaigne Partners L.P. (TLP), American Midstream Partners, LP (AMID), Archrock (AROC), Contura Energy (CNTE), Africa Oil Corp. (AOIFF), Newpark Resources (NR), SEACOR Holdings (CKH), Petroleum Geo-Services ASA (PGSVY) and Alon USA Partners, LP (ALDW).
Who are Azure Power Global's key executives?
Azure Power Global's management team includes the folowing people:
- Inderpreet Singh Wadhwa, Chief Executive Officer, Director
- Surendra Kumar Gupta, Chief Financial Officer
- Harkanwal Singh Wadhwa, Chief Operating Officer, Director
- Glen Minyard, Senior Vice President - Research & Development
- Preet Sandhu, Senior Vice President - Construction
- Mohor Sen, Senior Vice President - Human Resources
- Sandeep Chopra, Strategy and Supply Chain Management Head
- Sanjeev Aggarwal, Director
- William B. Elmore, Director
- Arno Harris, Director
When did Azure Power Global IPO?
(AZRE) raised $150 million in an 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 owns Azure Power Global stock?
Azure Power Global's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Foundation Capital LLC (14.58%), Essex Investment Management Co. LLC (0.82%), Handelsbanken Fonder AB (0.41%), Van ECK Associates Corp (0.17%) and CAPROCK Group Inc. (0.05%). View Institutional Ownership Trends for Azure Power Global.
Who bought Azure Power Global stock? Who is buying Azure Power Global stock?
Azure Power Global's stock was purchased by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Essex Investment Management Co. LLC, CAPROCK Group Inc. and Van ECK Associates Corp. View Insider Buying and Selling for Azure Power Global.
How do I buy Azure Power Global stock?
Shares of Azure Power Global can be purchased through any online brokerage account. Popular online brokerages 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 Azure Power Global stock can currently be purchased for approximately $15.50.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Azure Power Global (NYSE:AZRE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Buy Ratings |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $22.00 (41.94% upside) |
Analysts' Ratings History for Azure Power Global (NYSE:AZRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/20/2017 | Roth Capital | Set Price Target | Buy | $22.00 | Low |  |
| 12/1/2016 | Barclays PLC | Initiated Coverage | Overweight | $23.00 | N/A | |
| 11/24/2016 | Credit Suisse Group | Set Price Target | Buy | $21.00 | N/A | |
(Data available from 8/23/2015 forward)
Earnings History for Azure Power Global (NYSE:AZRE)Earnings History by Quarter for Azure Power Global (NYSE AZRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/28/2017 | | | | | | | | |
| 8/11/2017 | Q1 2018 | $0.12 | $0.09 | $28.50 million | $29.06 million | View | N/A | |
| 6/19/2017 | 3/31/2017 | ($0.04) | ($0.20) | $21.50 million | $20.32 million | View | N/A | |
| 2/13/2017 | Q316 | ($0.14) | ($0.34) | $14.00 million | $13.97 million | View | N/A | |
| 11/22/2016 | Q216 | ($0.11) | ($1.94) | | $13.44 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Azure Power Global (NYSE:AZRE)Current Year EPS Consensus Estimate: $0.01 EPS
Next Year EPS Consensus Estimate: $0.95 EPS
Dividend History for Azure Power Global (NYSE:AZRE)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Azure Power Global (NYSE:AZRE)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Azure Power Global (NYSE:AZRE)
Latest Headlines for Azure Power Global (NYSE:AZRE)
| Source: |
|
| Date | Headline |
|---|
 | Azure Power Global Ltd. (AZRE) PT Set at $22.00 by Roth Capital
www.americanbankingnews.com - August 21 at 6:02 PM |
 | Azure Power Global Limited to Hold 2017 Annual General Meeting on September 25, 2017
finance.yahoo.com - August 15 at 5:14 PM |
| Analyzing Azure Power Global (NYSE:AZRE) & TransAlta Corporation (TAC)
www.americanbankingnews.com - August 13 at 10:40 AM |
| Azure Power Global Ltd. (AZRE) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS
www.americanbankingnews.com - August 12 at 11:40 AM |
| Azure Power Announces Results for Fiscal First Quarter 2018
finance.yahoo.com - August 11 at 4:45 PM |
| Azure Power Global Ltd. (NYSE:AZRE) Scheduled to Post Quarterly Earnings on Friday
www.americanbankingnews.com - August 10 at 12:20 PM |
| Azure Power Global Ltd. (NYSE:AZRE) Given $22.50 Average Target Price by Brokerages
www.americanbankingnews.com - August 9 at 6:46 PM |
| Azure Power to Announce Results for Fiscal First Quarter 2018 Ended June 30, 2017 after the Market Closes on August 11, 2017
finance.yahoo.com - August 9 at 4:31 PM |
| TerraForm Global (GLBL) versus Azure Power Global (AZRE) Critical Review
www.americanbankingnews.com - August 5 at 8:38 PM |
| Contrasting Azure Power Global (NYSE:AZRE) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - July 30 at 7:27 AM |
| Azure Power to Issue India’s First Solar Green Bond
finance.yahoo.com - July 28 at 5:41 PM |
| Azure Power Assigned Highest Accreditation Rating by ICRA
finance.yahoo.com - July 27 at 4:43 PM |
| Azure Power Global Ltd. (NYSE:AZRE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - July 24 at 4:54 PM |
| Azure Power Files Fiscal Year 2017 Annual Report on Form 20-F
finance.yahoo.com - July 24 at 12:43 PM |
| Azure Power Global Ltd. (NYSE:AZRE) Given Consensus Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - July 21 at 8:22 PM |
| Analyzing Azure Power Global (NYSE:AZRE) & NextEra Energy (NEE)
www.americanbankingnews.com - July 20 at 10:16 PM |
| Azure Power Global Ltd. breached its 50 day moving average in a Bearish Manner : AZRE-US : July 20, 2017
finance.yahoo.com - July 20 at 5:48 PM |
| NextEra Energy (NEE) versus Azure Power Global (NYSE:AZRE) Head-To-Head Review
www.americanbankingnews.com - July 20 at 5:21 PM |
| Moody's assigns first-time (P)Ba3 rating to Azure Power Energy Ltd's USD senior notes
finance.yahoo.com - July 18 at 5:49 PM |
| Featured Company News – Fortis Announces Closing and Results of Exchange Offer; Issues New Notes in Exchange of Old Notes
finance.yahoo.com - July 11 at 5:21 PM |
| Comp En De Mn Cemig ADS (CIG) versus Azure Power Global (AZRE) Financial Contrast
www.americanbankingnews.com - July 8 at 2:18 PM |
 | Indian renewable firms plan $2.5 billion in offshore dollar bond issues
www.reuters.com - July 5 at 4:57 PM |
| Azure Power Global Ltd. :AZRE-US: Earnings Analysis: Q4, 2017 By the Numbers : July 3, 2017
finance.yahoo.com - July 3 at 4:17 PM |
| Financial Contrast: Azure Power Global (NYSE:AZRE) versus TerraForm Power (TERP)
www.americanbankingnews.com - July 2 at 7:36 AM |
| Azure Power Global Ltd. – Value Analysis (NYSE:AZRE) : June 28, 2017
finance.yahoo.com - June 28 at 4:28 PM |
| Azure Power Global Ltd. breached its 50 day moving average in a Bullish Manner : AZRE-US : June 27, 2017
finance.yahoo.com - June 27 at 3:56 PM |
| Zacks: Azure Power Global Ltd. (AZRE) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - June 22 at 8:36 AM |
| Azure Power Global Ltd. (AZRE) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS
www.americanbankingnews.com - June 20 at 9:46 AM |
 | Azure Flat on Quarterly News
www.baystreet.ca - June 19 at 3:56 PM |
| Azure Power Announces Results for Fiscal Fourth Quarter 2017
finance.yahoo.com - June 19 at 10:09 AM |
| Azure Power reports 4Q loss
finance.yahoo.com - June 19 at 10:09 AM |
| BRIEF-Azure Power Global granted about $10.5 mln of low-cost debt financing
www.reuters.com - June 15 at 5:32 PM |
| Azure Power Taps IBRD (World Bank) Loan to Scale its Azure Roof Power Platform
finance.yahoo.com - June 15 at 5:31 PM |
| Azure Power Commissions 100 MW NTPC Solar Project in Andhra Pradesh
finance.yahoo.com - June 13 at 1:15 PM |
| Azure Power to Announce Results for Fiscal Fourth Quarter and Year Ended March 31, 2017 on June 19, 2017
finance.yahoo.com - June 12 at 4:48 PM |
| Brokerages Expect Azure Power Global Ltd (AZRE) to Announce ($0.02) Earnings Per Share
www.americanbankingnews.com - May 26 at 12:56 PM |
| Zacks: Azure Power Global Ltd (AZRE) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - May 11 at 9:22 AM |
| Analysts Set $22.50 Target Price for Azure Power Global Ltd (AZRE)
www.americanbankingnews.com - April 26 at 3:44 PM |
| BRIEF-Hareon Solar's Singapore unit, Azure Power Global's India unit to invest in project
www.reuters.com - April 25 at 12:42 PM |
| Azure Power Global Ltd. – Value Analysis (NYSE:AZRE) : April 24, 2017
finance.yahoo.com - April 24 at 3:48 PM |
| Azure Power Global Ltd. breached its 50 day moving average in a Bearish Manner : AZRE-US : April 21, 2017
finance.yahoo.com - April 21 at 3:52 PM |
| Azure Power Global Ltd (AZRE) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 18 at 8:37 PM |
| Azure Power Global Ltd (AZRE) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - April 11 at 8:33 PM |
| Azure Power Global Ltd (AZRE) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - April 11 at 12:43 AM |
| Zacks Investment Research Upgrades Azure Power Global Ltd (AZRE) to Hold
www.americanbankingnews.com - April 3 at 8:52 PM |
| BRIEF-Azure Power early-stage investor resigns from board
www.reuters.com - March 31 at 8:59 PM |
| BRIEF-Azure Power Global has won 46 mws of solar rooftop projects
www.reuters.com - March 30 at 9:13 PM |
 | Azure Power(s) Defence Establishments in Maharashtra
us.rd.yahoo.com - March 30 at 4:13 PM |
| Azure Power Wins Indian Railway's Largest Rooftop Auction; Rooftop Portfolio Surpasses 100 MWs
au.finance.yahoo.com - March 30 at 4:13 PM |
| 5:04 pm Azure Power commissioned 130 MW solar power project in Chitradurga district, Karnataka under the Karnataka Solar Policy 2014-2021
us.rd.yahoo.com - March 29 at 3:58 PM |
Azure Power Global (AZRE) Chart for Wednesday, August, 23, 2017
