NYSE:AZRE - Azure Power Global Stock Price, News, & Analysis

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$10.95 -0.05 (-0.45 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$10.95
Today's Range$10.95 - $11.17
52-Week Range$8.25 - $16.50
Volume19,763 shs
Average Volume36,237 shs
Market Capitalization$446.98 million
P/E Ratio-16.85
Dividend YieldN/A
Beta1.94
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.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$118.27 million
Cash Flow$1.2387 per share
Book Value$9.27 per share

Profitability

Net Income$-12,600,000.00

Miscellaneous

Employees539
Market Cap$446.98 million
Next Earnings Date6/21/2019 (Estimated)
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) issued its earnings results on Tuesday, February, 12th. The energy company reported $0.05 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.12) by $0.17. The energy company earned $34.94 million during the quarter, compared to analysts' expectations of $30.70 million. Azure Power Global had a net margin of 0.24% and a return on equity of 0.81%. View Azure Power Global's Earnings History.

When is Azure Power Global's next earnings date?

Azure Power Global is scheduled to release their next quarterly earnings announcement on Friday, June 21st 2019. View Earnings Estimates for Azure Power Global.

What guidance has Azure Power Global issued on next quarter's earnings?

Azure Power Global updated its FY 2020 earnings guidance on Tuesday, February, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $184-192 million, compared to the consensus revenue estimate of $202.51 million.Azure Power Global also updated its FY 2019 guidance to EPS.

What price target have analysts set for AZRE?

5 equities research analysts have issued 1 year target prices for Azure Power Global's shares. Their predictions range from $13.00 to $31.00. On average, they expect Azure Power Global's share price to reach $22.00 in the next year. This suggests a possible upside of 100.9% from the stock's current price. View Analyst Price Targets for Azure Power Global.

What is the consensus analysts' recommendation for Azure Power Global?

5 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 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 articles about AZRE stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Azure Power Global earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave media coverage about the energy company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of Azure Power Global's key competitors?

What other stocks do shareholders of Azure Power Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Azure Power Global investors own include Rapid7 (RPD), Canadian Solar (CSIQ), Canopy Growth (CGC), NextEra Energy (NEE), BorgWarner (BWA), L Brands (LB), Welltower (WELL), JD.Com (JD), Allena Pharmaceuticals (ALNA) and Athersys (ATHX).

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 46)
  • Mr. Sushil Bhagat, Chief Financial Officer (Age 56)
  • Mr. Harkanwal Singh Wadhwa, COO & Director (Age 74)
  • Mr. Mohor Sen, Chief Admin. Officer (Age 69)
  • Mr. Surendra Kumar Gupta, Exec. VP of O&M (Age 66)

When did Azure Power Global 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 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 variety of of retail and institutional investors. Top institutional investors include Handelsbanken Fonder AB (1.93%), Perella Weinberg Partners Capital Management LP (1.34%), Millennium Management LLC (0.81%), Kayne Anderson Capital Advisors LP (0.19%), Essex Investment Management Co. LLC (0.08%) and Two Sigma Investments LP (0.04%).

Which major investors are selling Azure Power Global stock?

AZRE stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP and Essex Investment Management Co. LLC.

Which major investors are buying Azure Power Global stock?

AZRE stock was purchased by a variety of institutional investors in the last quarter, including Perella Weinberg Partners Capital Management LP, Millennium Management LLC, Handelsbanken Fonder AB, Kayne Anderson Capital Advisors LP and Zurcher Kantonalbank Zurich Cantonalbank.

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 $10.95.

How big of a company is Azure Power Global?

Azure Power Global has a market capitalization of $446.98 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?

The official website for Azure Power Global is http://www.azurepower.com.

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  135 (Vote Outperform)
Underperform Votes:  133 (Vote Underperform)
Total Votes:  268
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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