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About Azure Power (NYSE:AZRE)
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 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.
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) announced its quarterly earnings data on Monday, June, 19th. The energy company reported ($0.20) EPS for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.16. The energy company had revenue of $20.32 million for the quarter, compared to analysts' expectations of $21.50 million. Azure Power had a negative net margin of 19.14% and a negative return on equity of 10.40%. View Azure Power's Earnings History.
When is Azure Power's next earnings date?
What price target have analysts set for AZRE?
1 equities research analysts have issued 1-year price targets for Azure Power's stock. Their forecasts range from $22.00 to $22.00. On average, they anticipate Azure Power's stock price to reach $22.00 in the next year. View Analyst Ratings for Azure Power.
Who are some of Azure Power's key competitors?
Some companies that are related to Azure Power include TransAlta (TAC), Innergex Renewable Energy (INGXF), CENTRAIS ELETRI/S (EBR.B), Datang Intl Power Generation (DIPGY), Eneva (ENEVY), 8Point3 Energy Partners (CAFD), COMPANHIA PARAN/S (ELPVY), Sky Solar (SKYS), Biotricity (BTCY), AK Pwr & Tel Co/SH SH (APTL), Summer Energy (SUME), Ocean Power Technologies (OPTT) and Premier (PRHL).
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 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.
Has Azure Power been receiving favorable news coverage?
Media stories about AZRE stock have been trending somewhat positive on Saturday, according to Accern. Accern identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Azure Power earned a news sentiment score of 0.11 on Accern's scale. They also gave press coverage about the energy company an impact score of 46.96 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Azure Power's major shareholders?
Azure Power's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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?
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 $395.49 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)
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.
Azure Power (NYSE:AZRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| 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)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $22.00 | $22.00 | $22.00 | $22.50 |
| Price Target Upside: | 44.74% upside | 41.94% upside | 41.94% upside | 45.16% upside |
Azure Power (NYSE:AZRE) Consensus Price Target History
Azure Power (NYSE:AZRE) Analyst Ratings History
Show:
| Date | Brokerage | 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 | Initiated Coverage | Overweight | $23.00 | N/A | |
| 11/24/2016 | Credit Suisse Group | Set Price Target | Buy | $21.00 | N/A | |
(Data available from 5/26/2016 forward)
Azure Power (NYSE:AZRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Azure Power (NYSE AZRE) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 41.63%
Azure Power (NYSE AZRE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Azure Power (NYSE AZRE) News Headlines
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Azure Power (NYSE:AZRE) SEC Filings
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Azure Power (NYSE:AZRE) Income Statement, Balance Sheet and Cash Flow Statement
Azure Power (NYSE AZRE) Stock Chart for Saturday, May, 26, 2018
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