About Azure Power Global (NYSE:AZRE)
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
Industry Renewable Utilities
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$64.50 million
Price / Sales5.94
Price / CashN/A
Book Value$7.80 per share
Price / Book1.89
Return on Equity-12.48%
Return on Assets-2.96%
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 Monday, June, 19th. The energy company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.16. The energy company had revenue of $20.32 million for the quarter, compared to the consensus estimate of $21.50 million. Azure Power Global had a negative net margin of 29.67% and a negative return on equity of 12.48%. 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 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 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 Newpark Resources (NR), Precision Drilling Corporation (PDS), NCS Multistage Holdings (NCSM), Baytex Energy Corp (BTE), Archrock (AROC), Hanwha Q CELLS Co. (HQCL), FutureFuel Corp. (FF), Bonanza Creek Energy (BCEI), Resolute Energy Corporation (REN), Ophir Energy Plc (OPHRY), Stone Energy Corporation (SGY), REX American Resources Corporation (REX), SandRidge Energy (SD), Global Partners LP (GLP), Contura Energy (CNTE), Sprague Resources LP (SRLP), Basic Energy Services (BAS) and Penn Virginia Corporation (PVAC).
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 (Age 43)
- Surendra Kumar Gupta, Chief Financial Officer (Age 63)
- Harkanwal Singh Wadhwa, Chief Operating Officer, Director (Age 71)
- Glen Minyard, Senior Vice President - Research & Development (Age 61)
- Preet Sandhu, Senior Vice President - Construction (Age 47)
- Mohor Sen, Senior Vice President - Human Resources (Age 66)
- Sandeep Chopra, Strategy and Supply Chain Management Head (Age 43)
- Sanjeev Aggarwal, Director (Age 56)
- William B. Elmore, Director (Age 63)
- Arno Harris, Director (Age 47)
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 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?
Azure Power Global's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Foundation Capital LLC (13.77%), Cohen & Steers Inc. (1.75%) and Essex Investment Management Co. LLC (0.77%). View Institutional Ownership Trends for Azure Power Global.
Who sold Azure Power Global stock? Who is selling 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 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 Azure Power Global stock can currently be purchased for approximately $14.75.
How big of a company is Azure Power Global?
Azure Power Global has a market capitalization of $381.98 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 ($1.09) on an earnings per share basis. Azure Power Global employs 401 workers across the globe.
How can I contact Azure Power Global?
Azure Power Global'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 Global (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.
Analysts' Consensus Rating for Azure Power Global (NYSE:AZRE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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: ||0 Sell Ratings, 0 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$22.00 (49.15% upside)|
Consensus Price Target History for Azure Power Global (NYSE:AZRE)
Analysts' Ratings History for Azure Power Global (NYSE:AZRE)
(Data available from 11/23/2015 forward)
|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|
Earnings History and Estimates Chart for Azure Power Global (NYSE:AZRE)
Earnings History by Quarter for Azure Power Global (NYSE AZRE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/12/2018|| || || || || || || || |
|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|
Earnings Estimates for Azure Power Global (NYSE:AZRE)
Current Year EPS Consensus Estimate: $-0.63 EPS
Next Year EPS Consensus Estimate: $0.3 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
Latest Headlines for Azure Power Global (NYSE AZRE)
| Azure Power Global Ltd. (AZRE) Given $22.50 Consensus Target Price by Analysts|
www.americanbankingnews.com - November 16 at 9:52 PM
|Azure Power Global Ltd. – Value Analysis (NYSE:AZRE) : November 14, 2017|
finance.yahoo.com - November 14 at 4:48 PM
|Azure Power Global Ltd. breached its 50 day moving average in a Bearish Manner : AZRE-US : November 13, 2017|
finance.yahoo.com - November 14 at 1:48 AM
|Azure Power | New York Stock Exchange (Photo: Business Wire)|
www.thestreet.com - November 10 at 9:23 AM
|BRIEF-Azure posts Q2 net loss $0.64 /shr attributable to stockholders|
www.reuters.com - November 10 at 9:23 AM
|Azure M-Power Forays Into Rural Electrification Through Mini and Micro Grids|
finance.yahoo.com - November 10 at 9:23 AM
|Azure Power Announces Results for Fiscal Second Quarter 2018|
finance.yahoo.com - November 9 at 8:41 PM
|Azure Power Global Ltd. (AZRE) Cut to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - November 9 at 8:20 PM
|BidaskClub Lowers Azure Power Global Ltd. (AZRE) to Sell|
www.americanbankingnews.com - November 6 at 12:12 AM
|Azure Power Global Ltd. (AZRE) Set to Announce Quarterly Earnings on Thursday|
www.americanbankingnews.com - November 4 at 9:40 AM
|Azure Power to Announce Results for Fiscal Second Quarter 2018 Ended September 30, 2017 after the Market Closes on November 9, 2017|
finance.yahoo.com - November 3 at 4:49 PM
|Tax Dispute Stalls India Solar Panel Cargoes, Delaying Projects|
www.bloomberg.com - November 2 at 9:57 PM
|Dr R.P. Singh Joins Azure Power’s Board of Directors|
finance.yahoo.com - October 26 at 9:47 AM
|Sushil Bhagat, Chief Financial Officer, Azure Power|
www.thestreet.com - October 25 at 5:34 PM
|Sushil Bhagat Joins as Chief Financial Officer of Azure Power|
finance.yahoo.com - October 25 at 5:34 PM
|Azure Power Global Ltd. (AZRE) Upgraded to Hold at BidaskClub|
www.americanbankingnews.com - October 22 at 10:26 PM
|Azure Power Global Ltd. breached its 50 day moving average in a Bullish Manner : AZRE-US : October 19, 2017|
finance.yahoo.com - October 19 at 4:56 PM
|Azure Power Global Ltd. (AZRE) Upgraded to Hold by Zacks Investment Research|
www.americanbankingnews.com - October 18 at 7:40 PM
|BRIEF-Azure Power wins 250 MW solar power project with AAA rated NTPC|
www.reuters.com - October 16 at 5:09 PM
|Azure Power Solar Power Plant (Photo: Business Wire)|
www.thestreet.com - October 16 at 5:09 PM
|Azure Power Wins 250 MW Solar Power Project with AAA Rated NTPC|
finance.yahoo.com - October 16 at 5:09 PM
|Informatica to Accelerate Microsoft Azure Customer Deployments|
globenewswire.com - October 11 at 5:49 PM
|Azure Power Global Ltd. breached its 50 day moving average in a Bearish Manner : AZRE-US : October 5, 2017|
finance.yahoo.com - October 5 at 2:23 PM
|Azure Roof Power Project (Photo: Business Wire)|
www.thestreet.com - October 2 at 11:18 AM
|BRIEF-Azure Power wins 260 MW solar power project in Gujarat|
www.reuters.com - September 28 at 4:42 PM
|BRIEF-Azure Power Global says commissioned final phase of 50 MW solar power plant|
www.reuters.com - September 22 at 3:14 PM
|Azure Power Global Ltd. breached its 50 day moving average in a Bullish Manner : AZRE-US : September 22, 2017|
finance.yahoo.com - September 22 at 12:58 PM
|CORRECTING and REPLACING Azure Roof Power to Electrify Government of India Buildings Across 10 States|
finance.yahoo.com - September 15 at 4:43 PM
|CORRECTING and REPLACING Azure Roof Power to Electrify Government of India Buildings Across 10 States|
finance.yahoo.com - September 15 at 4:43 PM
|Why Azure Power Global (AZRE) Could Be Positioned for a Slump|
finance.yahoo.com - September 13 at 5:32 PM
|Azure Power Global Ltd. :AZRE-US: Earnings Analysis: Q1, 2018 By the Numbers : September 8, 2017|
finance.yahoo.com - September 8 at 9:44 PM
|Contrasting Azure Power Global (AZRE) and TransAlta (TAC)|
www.americanbankingnews.com - September 8 at 8:29 PM
|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
Financials are not available for this stock.
Azure Power Global (NYSE AZRE) Chart for Thursday, November, 23, 2017