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: $425.01 million
- Outstanding Shares: 25,915,000
Average Prices:- 50 Day Moving Avg: $16.38
- 200 Day Moving Avg: $16.99
- 52 Week Range: $12.73 - $22.00
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 17.63
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $64.96 million
- Price / Sales: 6.54
- Book Value: $7.92 per share
- Price / Book: 2.07
Profitability:- EBIDTA: $46.58 million
- Net Margins: -34.55%
- Return on Equity: -37.63%
- Return on Assets: -3.20%
Debt:- Debt-to-Equity Ratio: 2.14%
- Current Ratio: 1.63%
- Quick Ratio: 1.63%
Misc:- Average Volume: 12,429 shs.
- Short Ratio: 6.62
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) announced its quarterly earnings results on Monday, June, 19th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by $0.16. The firm earned $20.32 million during the quarter, compared to the consensus estimate of $21.50 million. Azure Power Global had a negative return on equity of 37.63% and a negative net margin of 34.55%. View Azure Power Global's Earnings History.
Where is Azure Power Global's stock going? Where will Azure Power Global's stock price be in 2017?
3 analysts have issued 12-month price targets for Azure Power Global's shares. Their predictions range from $21.00 to $23.00. On average, they expect Azure Power Global's stock price to reach $22.00 in the next year. 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 Helix Energy Solutions Group (HLX), Par Pacific Holdings (PARR), PBF Logistics LP (PBFX), Archrock (AROC), Sunrun (RUN), Enviva Partners, LP (EVA), TransMontaigne Partners L.P. (TLP), Contura Energy (CNTE), Resolute Energy Corporation (REN), Africa Oil Corp. (AOIFF), Basic Energy Services (BAS), Petroleum Geo-Services ASA (PGSVY), American Midstream Partners, LP (AMID), Alon USA Partners, LP (ALDW), SunCoke Energy (SXC), Eclipse Resources Corporation (ECR), SandRidge Energy (SD) and Newpark Resources (NR).
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 initial public offering (IPO) on Wednesday, October 12th 2016. The company issued 6,800,000 shares at a price of $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?
Who bought Azure Power Global stock? Who is buying Azure Power Global stock?
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 $16.40.
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 (34.15% upside) |
Analysts' Ratings History for Azure Power Global (NYSE:AZRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 2/6/2017 | Roth Capital | Set Price Target | Buy | $22.00 | N/A |  |
| 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 7/21/2015 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 |
|---|
| 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: $0.42 EPS
Next Year EPS Consensus Estimate: $0.93 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 |
|---|
 | 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 Commissions 130 MWs in Karnataka; Now Largest Solar Plant Operator in the State
www.marketwatch.com - March 28 at 8:47 PM |
| BRIEF-Azure Power Global says has commissioned a 130 MW solar power project in Karnataka
www.reuters.com - March 28 at 8:47 PM |
| Analysts Expect Azure Power Global Ltd (AZRE) to Post ($0.02) EPS
www.americanbankingnews.com - March 24 at 12:41 PM |
 | Company Overview of Azure Power Global Limited
www.bloomberg.com - March 7 at 3:48 PM |
| Azure Power Announces Results for Fiscal Third Quarter 2017
finance.yahoo.com - February 13 at 9:18 PM |
| Azure Power to Announce Results for Fiscal Third Quarter 2017 after the Market Close on February 13, 2017
au.finance.yahoo.com - February 8 at 3:55 PM |
| Canadian Solar Begins Operations of 2 PV Plants in Japan
finance.yahoo.com - January 19 at 4:53 PM |
| Appointment of Cyril Cabanes as a Director on Azure Power Global’s Board
au.finance.yahoo.com - January 18 at 4:26 PM |
| Canadian Solar (CSIQ) Unit Sells Two Projects to Concord
finance.yahoo.com - January 6 at 3:54 PM |
| Azure Power Commissions Largest Solar Power Project (150MW) in North India
finance.yahoo.com - January 3 at 8:33 AM |
| Azure Power Announces ISO 9001:2008 and ISO 14001:2004 Certification
au.finance.yahoo.com - December 29 at 4:04 PM |
| Azure Power Wins 50 MW Solar Power Project under SECI Auction
au.finance.yahoo.com - December 23 at 3:53 PM |
| Azure Power(s) Delhi Metro Rail Corporation Rooftops with Solar Energy
finance.yahoo.com - December 20 at 4:04 PM |
| TodoModo Group Partners with Saviant to Develop and Implement Smart Enterprise Solutions for Energy and Industrial Customers
finance.yahoo.com - December 13 at 1:57 AM |
| India's Solar Market Will Power Azure; Barclays Initiates At Overweight
us.rd.yahoo.com - December 1 at 3:49 PM |
Azure Power Global (AZRE) Chart for Friday, July, 21, 2017
