Azure Power Global Limited (AZRE)

NYSE: AZRE · IEX Real-Time Price · USD
13.23
-0.60 (-4.34%)
Jun 24, 2022 4:00 PM EDT - Market closed
-4.34%
Market Cap 848.86M
Revenue (ttm) 235.93M
Net Income (ttm) -40.40M
Shares Out 64.16M
EPS (ttm) -0.80
PE Ratio n/a
Forward PE 17.45
Dividend n/a
Ex-Dividend Date n/a
Volume 235,754
Open 13.90
Previous Close 13.83
Day's Range 13.17 - 14.08
52-Week Range 10.61 - 28.14
Beta 0.80
Analysts Buy
Price Target 31.01 (+134.4%)
Earnings Date Jun 21, 2022

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... [Read more...]

Industry Independent Power and Renewable Electricity Producers
IPO Date Oct 12, 2016
Employees 471
Stock Exchange NYSE
Ticker Symbol AZRE
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 INR Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for AZRE stock is "Buy." The 12-month stock price forecast is 31.01, which is an increase of 134.39% from the latest price.

Price Target
$31.01
(134.39% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Azure Power ties up with India's Premier Energies Group for solar cells and modules

NEW DELHI , June 13, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and renewable power producer in ...

Arno Harris Resigns from Board of Directors at Azure Power

NEW DELHI , June 1, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, today announced, pursuant to its previous announ...

Azure Power announces appointment of Delphine Voeltzel as Nominee Director from OMERS Infrastructure

NEW DELHI , May 11, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, today announced the appointment of Delphine Vo...

Azure Power Announces Appointment of New Chief Executive Officer

NEW DELHI , May 6, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) ("Azure" or "the Company"), a leading independent sustainable energy solutions provider and renewable power producer in In...

Azure Power fully commissions its 90 MW solar power project in Assam

NEW DELHI , May 2, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and renewable power producer in India, announced that it has successfully commissioned i...

Azure Power Announces Resignation of Ranjit Gupta as Chief Executive Officer and Murali Subramanian as Chief Operatin...

Alan Rosling, Non-Executive Chairman of the Board of Directors, to Oversee Company until a new CEO Appointment is Announced EBENE, Mauritius , April 26, 2022 /PRNewswire/ -- Azure Power Global Limited (...

Azure Power (AZRE) Commissions 300 MW Solar Project in India

Azure Power (AZRE) announces the successful commissioning of its 300-megawatt solar project in Bhadla, Rajasthan.

Azure Power fully commissions its 300 MWs SECI project, Rajasthan 8, in Bhadla, Rajasthan

NEW DELHI, March 14, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and power producer in India, announced full commissioning of its 300 MWs Interstate Tr...

Azure Power announces change in Board of Directors

NEW DELHI, Feb. 28, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, today announced two changes to its Board of Di...

Azure Power Announces Results for Third Quarter Fiscal 2022

EBENE, Mauritius, Feb. 25, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent renewable power producer in India, today announced its consolidated results under United St...

Azure Power to Announce Results for Third Quarter Fiscal 2022 Ended December 31, 2021, After the Market Closes on Feb...

NEW DELHI, Feb. 24, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, will report financial results for the third qu...

Azure Power refinances its 600 MWs ISTS connected solar project at the lowest rate of interest in its portfolio to date

NEW DELHI, Feb. 22, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India, today announced successful refinancing of its ...

Azure Power releases its third annual sustainability report for FY 2020-21, commits to water neutrality by 2023

NEW DELHI, Feb. 3, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and IPP in India, today published its third annual sustainability report for fiscal year...

Will Azure Power (AZRE) Report Negative Q3 Earnings? What You Should Know

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.

Azure Power Announces Final Results of Rights Offering

EBENE, Mauritius, Jan. 27, 2022 /PRNewswire/ -- Azure Power Global Limited (the "Company") announced today the final results of its previously announced rights offering. By the end of the subscription p...

Azure Power's rights issue closes for subscription

EBENE, Mauritius, Jan. 24, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) announced today that the subscription period for its rights offering closed today at 5pm eastern time. The Company...

Azure Power's Rights Issue open for subscription

EBENE, Mauritius, Jan. 7, 2022 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE), a leading independent sustainable energy solutions provider in India, announced today that its rights offering ope...

Wall Street Analysts See a 103% Upside in Azure Power (AZRE): Can the Stock Really Move This High?

The mean of analysts' price targets for Azure Power (AZRE) points to a 102.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analy...

Azure Power fully commissions its 600 MWs SECI project, the largest owned and operated single site solar project in I...

NEW DELHI, Jan. 3, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider in India, today announced the successful commissioning of its largest projec...

Azure Power: Operational and financial Update

EBENE, Mauritius, Dec. 27, 2021 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) (the "Company"), a leading independent renewable power producer in India, today announced certain operational and ...

Azure Power: NOTICE OF RECORD DATE

EBENE, Mauritius, Dec. 27, 2021 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that Azure Power Global Limited (the "Company") has set the record date of 5:00 p.m., Eastern Time on January 6, 2022 (the "Record ...

Azure Power Announces Rights Offering for Equity Shares

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW EBENE, Mauritius, Dec. 27, 2021 /PRNewswire/ -- Azure Power Global Limited (NYS...

Azure Power Announces Results of the 2021 Annual General Meeting of Shareholders

NEW DELHI, Dec. 22, 2021 /PRNewswire/ -- Azure Power Global Limited (the "Company" or "Azure Power") (NYSE: AZRE), a leading independent renewable power producer in India, announced that it held its 202...

The 7 Best Green Energy Stocks to Grow Your Portfolio in 2022

Green Energy stocks look to be coming back into vogue in 2022 making these seven plays attractive for the longer term. The post The 7 Best Green Energy Stocks to Grow Your Portfolio in 2022 appeared fir...

Azure Power signs 2,333 MW PPA with SECI under 4 GW projects Receives Letter of Award for Second Hybrid Project for 2...

NEW DELHI, Dec. 17, 2021 /PRNewswire/ -- Azure Power (NYSE: AZRE) today announced that it has signed its largest ever Power Purchase Agreements (PPAs) with Solar Energy Corporation of India (SECI) for a...