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Azure Power Global Limited (AZRE)

NYSE: AZRE · IEX Real-Time Price · USD
21.17 0.48 (2.32%)
Sep 21, 2021 3:02 PM EDT - Market open
Market Cap1.07B
Revenue (ttm)207.57M
Net Income (ttm)-57.30M
Shares Out48.20M
EPS (ttm)-1.00
PE Ration/a
Forward PE73.53
Dividendn/a
Ex-Dividend Daten/a
Volume89,596
Open20.70
Previous Close20.69
Day's Range20.69 - 21.39
52-Week Range18.19 - 53.60
Beta0.72
AnalystsBuy
Price Target39.83 (+88.2%)
Est. Earnings DateNov 10, 2021

About AZRE

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects 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, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008...

IndustryIndependent Power and Renewable Electricity Producers
IPO DateOct 12, 2016
Employees471
Stock ExchangeNYSE
Ticker SymbolAZRE
Full Company Profile

Financial Performance

In 2020, AZRE's revenue was 15.24 billion, an increase of 17.58% compared to the previous year's 12.96 billion. Losses were -4.21 billion, 85.4% more than in 2019.

Financial numbers in millions INRFinancial Statements

Analyst Forecast

According to 6 analysts, the average rating for AZRE stock is "Buy." The 12-month stock price forecast is 39.83, which is an increase of 88.16% from the latest price.

Price Target
$39.83
(88.16% upside)
Analyst Consensus: Buy

News

Azure Power Global (AZRE) Q1 Earnings Beat, Shares Up 15%

Azure Power Global's (AZRE) fiscal Q1 revenues of $59.7 million surpass the Zacks Consensus Estimate by 3.1% and increase 13% year over year

2 weeks ago - Zacks Investment Research

Why Shares of Azure Power Global Limited Jumped Today

The market was charged up with this renewable energy company's recent quarterly performance.

2 weeks ago - The Motley Fool

Azure Power (AZRE) Tops Q1 Earnings and Revenue Estimates

Azure Power (AZRE) delivered earnings and revenue surprises of 533.33% and 3.11%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Azure Power Announces Results for Fiscal First Quarter 2022

EBENE, Mauritius, Aug. 30, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent renewable power producer in India, today announced its consolidated results under United St...

3 weeks ago - PRNewsWire

Azure Power to Announce Results for Fiscal First Quarter 2022 Ended June 30, 2021 After the Market Closes on August 3...

NEW DELHI, Aug. 27, 2021 /PRNewswire/ -- Azure Power, a leading renewable power producer in India, will report financial results for the fiscal first quarter ended June 30, 2021 after the market closes ...

3 weeks ago - PRNewsWire

US$414 Million Green Bond Issuance at Lowest Ever Yield for Renewable Energy Company in India

EBENE, Mauritius, Aug. 12, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), leading independent renewable power producer in India, announced issuance of a dollar green bond of US$414,000,00...

1 month ago - PRNewsWire

OMERS Infrastructure Purchases 19.4% Stake in Azure Power Global Ltd

NEW DELHI, Aug. 6, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent renewable energy developer in India, announced that OMERS Infrastructure acquired approximately 19....

1 month ago - PRNewsWire

Analysts Estimate Azure Power (AZRE) to Report a Decline in Earnings: What to Look Out for

Azure Power (AZRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

OMERS Infrastructure Agrees to Purchase 19.4% Stake in Azure Power

Transaction expands Canadian pension plan's direct investment holdings in India, while increasing its global exposure to renewables sector Transaction expands Canadian pension plan's direct investment h...

1 month ago - GlobeNewsWire

Azure Power Files Fiscal Year 2021 Annual Report on Form 20-F

NEW DELHI , July 28, 2021 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading renewable power producer in India, announced that it has filed its annual report on form 20-F for the fiscal year ended Marc...

1 month ago - PRNewsWire

Azure Power Announces Results for Fiscal Fourth Quarter 2021

EBENE, Mauritius , June 15, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent renewable power producer in India, today announced its consolidated results under United S...

3 months ago - PRNewsWire

Azure Power to Announce Results for Fiscal Fourth Quarter 2021 Ended March 31, 2021 After the Market Closes on June 1...

NEW DELHI , June 14, 2021 /PRNewswire/ --  Azure Power, a leading independent renewable power producer in India, will report financial results for the fiscal fourth quarter ended March 31, 2021 after th...

3 months ago - PRNewsWire

Azure Power (AZRE) to Report Q4 Results: Wall Street Expects Earnings Growth

Azure Power (AZRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

3 Top Growth Stocks in Renewable Energy

These renewable energy stocks are growing at a rapid rate and are perfectly poised to benefit from the trend.

Other symbols:BEPBEPCNEE
4 months ago - The Motley Fool

Wall Street's top analysts back these stocks as the second quarter kicks off

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Tesla and The Chef's Warehouse

Other symbols:EVBGNEWRTSLA
5 months ago - CNBC

Azure Power Sells Non-core Solar Rooftop Portfolio to Radiance Renewables; Transaction Expected to Improve Overall Co...

NEW DELHI, April 5, 2021 /PRNewswire/ -- Azure Power Global Limited, a leading solar power producer in India, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio to ...

5 months ago - PRNewsWire

4 of the Best Stocks You've Never Heard of but Should Definitely watch

Stocks to buy that are hidden gems from different sectors and have the potential to be long-term value creators. The post 4 of the Best Stocks You've Never Heard of but Should Definitely watch appeared ...

Other symbols:APTVRADA
5 months ago - InvestorPlace

4 Solar Stocks Energizing the Market

Solar stocks that are likely to benefit in the next decade as adoption of renewable energy sources increases globally. The post 4 Solar Stocks Energizing the Market appeared first on InvestorPlace.

Other symbols:CSIQFSLRMAXN
7 months ago - InvestorPlace

Azure Power (AZRE) Reports Q3 Loss, Lags Revenue Estimates

Azure Power (AZRE) delivered earnings and revenue surprises of -158.33% and -3.41%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Azure Power Announces Results for Fiscal Third Quarter 2021

EBENE, Mauritius, Feb. 10, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, today announced its consolidated results under United States...

7 months ago - PRNewsWire

Azure Power (AZRE) May Report Negative Earnings: Know the Trend Ahead of Q3 Release

Azure Power (AZRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength to Tap Market Rally

Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.

Other symbols:HEESINMDKEPMLI
8 months ago - Zacks Investment Research

Here's Why Azure Power (AZRE) is a Great Momentum Stock to Buy

Does Azure Power (AZRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

8 months ago - Zacks Investment Research

Azure Power (AZRE) Upgraded to Strong Buy: Here's What You Should Know

Azure Power (AZRE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

8 months ago - Zacks Investment Research

Green Energy Transition to Boost Renewables: 3 Stocks to Buy

Renewable energy stocks get a boost from transition into green energy. This calls for investment in SunPower (SPWR), Azure Power (AZRE) and Ameresco (AMRC).

Other symbols:AMRCSPWR
9 months ago - Zacks Investment Research