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Imagine Holding Azure Power Global (NYSE:AZRE) Shares While The Price Zoomed 310% Higher

·3 min read

Active investing isn't easy, but for those that do it, the aim is to find the best companies to buy, and to profit handsomely. While not every stock performs well, when investors win, they can win big. For example, the Azure Power Global Limited (NYSE:AZRE) share price rocketed moonwards 310% in just one year. It's also good to see the share price up 69% over the last quarter. Also impressive, the stock is up 210% over three years, making long term shareholders happy, too.

View our latest analysis for Azure Power Global

Given that Azure Power Global didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. When a company doesn't make profits, we'd generally expect to see good revenue growth. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

Azure Power Global grew its revenue by 23% last year. That's a fairly respectable growth rate. But the market is even more excited about it, with the price apparently bound for the moon, up 310% in one of earth's orbits. We're always cautious when the share price is up so much, but there's certainly enough revenue growth to justify taking a closer look at Azure Power Global.

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

earnings-and-revenue-growth
earnings-and-revenue-growth

If you are thinking of buying or selling Azure Power Global stock, you should check out this FREE detailed report on its balance sheet.

A Different Perspective

We're pleased to report that Azure Power Global rewarded shareholders with a total shareholder return of 310% over the last year. So this year's TSR was actually better than the three-year TSR (annualized) of 46%. The improving returns to shareholders suggests the stock is becoming more popular with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for Azure Power Global you should be aware of, and 1 of them can't be ignored.

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.