Azure Power Global Company Profile (NYSE:AZRE)

About Azure Power Global (NYSE:AZRE)

Azure Power Global logoAzure 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?

Azure Power Global is scheduled to release their next quarterly earnings announcement on Tuesday, November, 28th 2017. View Earnings Estimates for Azure Power Global.

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?

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)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  40 (Vote Outperform)
Underperform Votes:  40 (Vote Underperform)
Total Votes:  80
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.

Analyst Ratings

Consensus Ratings for Azure Power Global (NYSE:AZRE) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/20/2017Roth CapitalSet Price TargetBuy$22.00LowView Rating Details
12/1/2016Barclays PLCInitiated CoverageOverweight$23.00N/AView Rating Details
11/24/2016Credit Suisse GroupSet Price TargetBuy$21.00N/AView Rating Details
(Data available from 8/23/2015 forward)

Earnings

Earnings History for Azure Power Global (NYSE:AZRE)
Earnings by Quarter for Azure Power Global (NYSE:AZRE)
Earnings History by Quarter for Azure Power Global (NYSE AZRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/28/2017        
8/11/2017Q1 2018$0.12$0.09$28.50 million$29.06 millionViewN/AView Earnings Details
6/19/20173/31/2017($0.04)($0.20)$21.50 million$20.32 millionViewN/AView Earnings Details
2/13/2017Q316($0.14)($0.34)$14.00 million$13.97 millionViewN/AView Earnings Details
11/22/2016Q216($0.11)($1.94)$13.44 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Azure Power Global (NYSE:AZRE)
Current Year EPS Consensus Estimate: $0.01 EPS
Next Year EPS Consensus Estimate: $0.95 EPS

Dividends

Dividend History for Azure Power Global (NYSE:AZRE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Azure Power Global (NYSE:AZRE)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Azure Power Global (NYSE:AZRE)
Latest Headlines for Azure Power Global (NYSE:AZRE)
Source:
DateHeadline
americanbankingnews.com logoAzure Power Global Ltd. (AZRE) PT Set at $22.00 by Roth Capital
www.americanbankingnews.com - August 21 at 6:02 PM
finance.yahoo.com logoAzure Power Global Limited to Hold 2017 Annual General Meeting on September 25, 2017
finance.yahoo.com - August 15 at 5:14 PM
americanbankingnews.com logoAnalyzing Azure Power Global (NYSE:AZRE) & TransAlta Corporation (TAC)
www.americanbankingnews.com - August 13 at 10:40 AM
americanbankingnews.com logoAzure Power Global Ltd. (AZRE) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS
www.americanbankingnews.com - August 12 at 11:40 AM
finance.yahoo.com logoAzure Power Announces Results for Fiscal First Quarter 2018
finance.yahoo.com - August 11 at 4:45 PM
americanbankingnews.com logoAzure Power Global Ltd. (NYSE:AZRE) Scheduled to Post Quarterly Earnings on Friday
www.americanbankingnews.com - August 10 at 12:20 PM
americanbankingnews.com logo Azure Power Global Ltd. (NYSE:AZRE) Given $22.50 Average Target Price by Brokerages
www.americanbankingnews.com - August 9 at 6:46 PM
finance.yahoo.com logoAzure 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
americanbankingnews.com logoTerraForm Global (GLBL) versus Azure Power Global (AZRE) Critical Review
www.americanbankingnews.com - August 5 at 8:38 PM
americanbankingnews.com logoContrasting Azure Power Global (NYSE:AZRE) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - July 30 at 7:27 AM
finance.yahoo.com logoAzure Power to Issue India’s First Solar Green Bond
finance.yahoo.com - July 28 at 5:41 PM
finance.yahoo.com logoAzure Power Assigned Highest Accreditation Rating by ICRA
finance.yahoo.com - July 27 at 4:43 PM
americanbankingnews.com logo Azure Power Global Ltd. (NYSE:AZRE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - July 24 at 4:54 PM
finance.yahoo.com logoAzure Power Files Fiscal Year 2017 Annual Report on Form 20-F
finance.yahoo.com - July 24 at 12:43 PM
americanbankingnews.com logo Azure Power Global Ltd. (NYSE:AZRE) Given Consensus Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - July 21 at 8:22 PM
americanbankingnews.com logoAnalyzing Azure Power Global (NYSE:AZRE) & NextEra Energy (NEE)
www.americanbankingnews.com - July 20 at 10:16 PM
finance.yahoo.com logoAzure 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
americanbankingnews.com logoNextEra Energy (NEE) versus Azure Power Global (NYSE:AZRE) Head-To-Head Review
www.americanbankingnews.com - July 20 at 5:21 PM
finance.yahoo.com logoMoody'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
finance.yahoo.com logoFeatured 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
americanbankingnews.com logoComp En De Mn Cemig ADS (CIG) versus Azure Power Global (AZRE) Financial Contrast
www.americanbankingnews.com - July 8 at 2:18 PM
reuters.com logoIndian renewable firms plan $2.5 billion in offshore dollar bond issues
www.reuters.com - July 5 at 4:57 PM
finance.yahoo.com logoAzure Power Global Ltd. :AZRE-US: Earnings Analysis: Q4, 2017 By the Numbers : July 3, 2017
finance.yahoo.com - July 3 at 4:17 PM
americanbankingnews.com logoFinancial Contrast: Azure Power Global (NYSE:AZRE) versus TerraForm Power (TERP)
www.americanbankingnews.com - July 2 at 7:36 AM
finance.yahoo.com logoAzure Power Global Ltd. – Value Analysis (NYSE:AZRE) : June 28, 2017
finance.yahoo.com - June 28 at 4:28 PM
finance.yahoo.com logoAzure 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
americanbankingnews.com logoZacks: Azure Power Global Ltd. (AZRE) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - June 22 at 8:36 AM
americanbankingnews.com logoAzure Power Global Ltd. (AZRE) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS
www.americanbankingnews.com - June 20 at 9:46 AM
baystreet.ca logoAzure Flat on Quarterly News
www.baystreet.ca - June 19 at 3:56 PM
finance.yahoo.com logoAzure Power Announces Results for Fiscal Fourth Quarter 2017
finance.yahoo.com - June 19 at 10:09 AM
finance.yahoo.com logoAzure Power reports 4Q loss
finance.yahoo.com - June 19 at 10:09 AM
reuters.com logoBRIEF-Azure Power Global granted about $10.5 mln of low-cost debt financing
www.reuters.com - June 15 at 5:32 PM
finance.yahoo.com logoAzure Power Taps IBRD (World Bank) Loan to Scale its Azure Roof Power Platform
finance.yahoo.com - June 15 at 5:31 PM
finance.yahoo.com logoAzure Power Commissions 100 MW NTPC Solar Project in Andhra Pradesh
finance.yahoo.com - June 13 at 1:15 PM
finance.yahoo.com logoAzure 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
americanbankingnews.com logoBrokerages Expect Azure Power Global Ltd (AZRE) to Announce ($0.02) Earnings Per Share
www.americanbankingnews.com - May 26 at 12:56 PM
americanbankingnews.com logoZacks: Azure Power Global Ltd (AZRE) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - May 11 at 9:22 AM
americanbankingnews.com logo Analysts Set $22.50 Target Price for Azure Power Global Ltd (AZRE)
www.americanbankingnews.com - April 26 at 3:44 PM
reuters.com logoBRIEF-Hareon Solar's Singapore unit, Azure Power Global's India unit to invest in project
www.reuters.com - April 25 at 12:42 PM
finance.yahoo.com logoAzure Power Global Ltd. – Value Analysis (NYSE:AZRE) : April 24, 2017
finance.yahoo.com - April 24 at 3:48 PM
finance.yahoo.com logoAzure 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
americanbankingnews.com logoAzure Power Global Ltd (AZRE) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 18 at 8:37 PM
americanbankingnews.com logoAzure Power Global Ltd (AZRE) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - April 11 at 8:33 PM
americanbankingnews.com logo Azure Power Global Ltd (AZRE) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - April 11 at 12:43 AM
americanbankingnews.com logoZacks Investment Research Upgrades Azure Power Global Ltd (AZRE) to Hold
www.americanbankingnews.com - April 3 at 8:52 PM
reuters.com logoBRIEF-Azure Power early-stage investor resigns from board
www.reuters.com - March 31 at 8:59 PM
reuters.com logoBRIEF-Azure Power Global has won 46 mws of solar rooftop projects
www.reuters.com - March 30 at 9:13 PM
us.rd.yahoo.com logoAzure Power(s) Defence Establishments in Maharashtra
us.rd.yahoo.com - March 30 at 4:13 PM
finance.yahoo.com logoAzure Power Wins Indian Railway's Largest Rooftop Auction; Rooftop Portfolio Surpasses 100 MWs
au.finance.yahoo.com - March 30 at 4:13 PM
us.rd.yahoo.com logo5:04 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

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Chart

Azure Power Global (AZRE) Chart for Wednesday, August, 23, 2017

This page was last updated on 8/23/2017 by MarketBeat.com Staff