AZRE - Azure Power Global Limited

NYSE - Nasdaq Real Time Price. Currency in USD
16.55
+0.50 (+3.12%)
As of 2:59PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close16.05
Open16.30
Bid16.43 x 800
Ask16.58 x 800
Day's Range16.01 - 16.59
52 Week Range10.10 - 16.59
Volume43,874
Avg. Volume32,027
Market Cap788.435M
Beta (5Y Monthly)1.29
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Solar Battery Market Holds Great Potential: 5 Stocks to Gain
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    Solar Battery Market Holds Great Potential: 5 Stocks to Gain

    The Global Solar Power Equipment Market is expected to reach $185.5 billion by 2026 from $77 billion in 2017 at CAGR of 11.58%. Here are five stocks likely to gain.

  • Azure Power (AZRE) Reports Q3 Loss, Misses Revenue Estimates
    Zacks

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

    Azure Power (AZRE) delivered earnings and revenue surprises of -37.50% and -3.51%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Analysts: These 3 Energy Stocks Can Climb Over 20%
    TipRanks

    Analysts: These 3 Energy Stocks Can Climb Over 20%

    Wall Street’s analysts have been predicting that this year would see slower growth than 2019. But a savvy investor can still find great returns. It may just require a more refined search.The tech industry comes to mind, of course. Tech stocks are the bright and shiny object in the markets and, mostly, they’ve brought in the returns. But they’re not the only game in town. The energy and utility sector – yes, the staid, dull oil companies – rose 6.61% in January, making them the leading gainers in the market.Several factors have come together to fuel their gain. Tax cuts and low energy prices have made it possible for utility companies to upgrade their infrastructure without passing the costs along to customers, while low interest rates mean that their dividends – usually just mid-ling when they’re offered – significantly beat out the yields on Treasury bonds.With that in mind, we’ve used TipRanks’ Stock Screener tool to pull up three Buy-rated small- and mid-cap players in the energy industry, to find out what Wall Street thinks about their prospects. Let's take a closer look.Liberty Oilfield Services (LBRT)Up first, a small-cap company in the oilfield support business. These are the companies that offer the engineering tech the big-name drillers need to pull oil and gas out of the ground. Liberty provides back-up for the oil fracking industry: water, sand, chemicals, piping, and even the engineers to put it all together.It’s high-cost niche, as was made clear by the EPS loss in Q4. LBRT reported net losses of 15 cents per share, worse than the forecasts had predicted. Revenues were positive, at $398 million, but 5% below the estimates and down 15% year-over-year. As expected, the stock is down, too. LBRT shares have slipped 30% since the turn of the year.The company’s current woes, however, may be a buying opportunity, at least according to Citigroup analyst Scott Gruber. The analyst writes, “The outlook for oilfield services has improved given the likely activity bottom in Q4, need to expand activity to mitigate the production growth deceleration, OPEC reducing supply risk in the first half of 2020, and the likely end of rate deflation early next year. We believe the U.S. oilfield services trade has legs and that quality smaller caps are more attractive.”Gruber puts an $11.50 price target on the stock, to support his Buy rating. This implies an upside of nearly 50% from current levels. (To watch Gruber’s track record, click here)With 5 recent Buy ratings under its belt, LBRT gets a Strong Buy from the analyst consensus view. The stock is a bargain at $7.72 and with an average price target of $12.90, a 67% twelve-month rise could be in the cards. (See LBRT's price targets and analyst ratings on TipRanks)Apergy Corporation (APY)Next on our list is another oilfield services company, Apergy. This company focuses on lift equipment – rod pumping, electric submersible pumps, cavity pumps, and polycrystalline diamond cutters for drillings shafts – needed to open a well and extract the oil. As the company says, they are in the business of "unlocking energy."Where LBRT has seen losses in recent quarters, APY is still showing positive earnings despite pressure from low oil and gas prices. The Q4 report, expected on February 24, is forecast to show sequential declines from Q3, which itself was down from Q2. In the last quarterly report, revenues came in at $278.4 million, while EPS was 27 cents. The coming report is expected to show EPS at 14 cents.Stephens analyst Tommy Moll is siding with the bulls, saying, “In our opinion, the stock is oversold in the high-$20s, given 2020 industry headwinds are well-known and in 2021 we see earnings inflecting higher just as the Company approaches its leverage target and can pivot to shareholder returns.”Moll adds that the company has a clear advantage over its competition: “Apergy … offers investors the rare combination of leading technologies and brands packaged in a nimble, independent platform with execution advantages vs. large, diversified competitors.”In his review of the stock, Moll sets a Buy rating with a $34 price target. His target suggests a potential upside of 27%. (To watch Moll’s track record, click here)With a 1-to-1 split between Buys and Holds, APY shares get a Moderate Buy rating from the analyst consensus. The stock is currently trading at $26.62, and the $34 average price target suggest an upside of 27%. (See Apergy's stock-price forecast on TipRanks)Azure Power Global (AZRE)With our third stock, we shift from oil to the solar energy sector. Azure designs, builds, operates, and maintains solar energy projects, focusing on utility and commercial scale photovoltaic power plants. The India-based company got started in the state of Punjab in 2009 and now has operations across the subcontinent, with a substantial total power generation capacity – in the range of 3 gigawatts.For the upcoming fiscal third quarter (calendar Q4 2019), AZRE is expected to show a loss of 32 cents per share. It’s important to remember here that the company typically shows a loss in calendar Q4. Despite the projected net loss, revenues are expected to show strong yearly growth of 26.5%, reaching $44.2 million. High overhead costs and a $5.4 million interest charge in the quarter took a toll on the bottom line.Wall Street’s analysts are sanguine about AZRE’s prospects heading forward. From Jefferies, analyst Lavina Quadros writes, “Azure Power, with 100% solar power capacity, has a strong track record in execution, that we believe supports its planned 2.3x rise in capacity during FY19-22E. We expect it to benefit from EBITDA CAGR of 30% in this period from higher generation and debtor monetisation." The analyst continued, "Azure's asset portfolio is well-diversified, and the company has a strong track record of execution. [Azure is a] well placed play on the environmental, social and governance trend, given its 100% solar power capacity.”Quadros’ $15.20 price target backs up the Buy rating, and suggests room for a 21% upside.Azure Power has only 2 recent analyst reviews, but both are Buys. Shares are priced low, at $12.47, and have an average price target of $19.60, which indicates room for a 57% upside potential. (See Azure stock analysis at TipRanks)

  • The Market Timing Secrets No One Talks About - February 07, 2020
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    The Market Timing Secrets No One Talks About - February 07, 2020

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  • What's in Store for Azure Power Global (AZRE) in Q3 Earnings?
    Zacks

    What's in Store for Azure Power Global (AZRE) in Q3 Earnings?

    Azure Power's (AZRE) fiscal Q3 revenues are expected to have been driven by newly commissioned projects. However, increasing cost of operations might have dragged down earnings.

  • Earnings Preview: Azure Power (AZRE) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Azure Power (AZRE) Q3 Earnings Expected to Decline

    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.

  • Yes, You Can Time the Market. Find out How - January 17, 2020
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  • The Azure Power Global (NYSE:AZRE) Share Price Is Up 39% And Shareholders Are Holding On
    Simply Wall St.

    The Azure Power Global (NYSE:AZRE) Share Price Is Up 39% And Shareholders Are Holding On

    These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can...

  • Hedge Funds Staying Clear of Azure Power Global Limited (AZRE)
    Insider Monkey

    Hedge Funds Staying Clear of Azure Power Global Limited (AZRE)

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • How to Time the Markets Like an Investing Pro - December 16, 2019
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    How to Time the Markets Like an Investing Pro - December 16, 2019

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  • New Strong Sell Stocks for November 22nd
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    New Strong Sell Stocks for November 22nd

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  • Azure Power Global (AZRE) Q2 Earnings Miss, Revenues Rise Y/Y
    Zacks

    Azure Power Global (AZRE) Q2 Earnings Miss, Revenues Rise Y/Y

    Azure Power Global's (AZRE) operating expenses surge 45.7% year over year to $20.4 million in the fiscal second quarter on escalated costs of operations, among other factors.

  • Azure Power (AZRE) Reports Q2 Loss, Misses Revenue Estimates
    Zacks

    Azure Power (AZRE) Reports Q2 Loss, Misses Revenue Estimates

    Azure Power (AZRE) delivered earnings and revenue surprises of -725.00% and -7.58%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • What's in Store for Azure Power Global (AZRE) Q2 Earnings?
    Zacks

    What's in Store for Azure Power Global (AZRE) Q2 Earnings?

    Azure Power Global's (AZRE) Q2 results are likely to reflect benefits from economies of scale, which in turn, has been bringing down its operating and interest costs.

  • Azure Power (AZRE) to Report Q2 Results: Wall Street Expects Earnings Growth
    Zacks

    Azure Power (AZRE) to Report Q2 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.

  • What Awaits SolarEdge Technologies (SEDG) in Q3 Earnings?
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    What Awaits SolarEdge Technologies (SEDG) in Q3 Earnings?

    SolarEdge Technologies' (SEDG) increasing sales for inverters and power optimizers might have boosted overall Q3 performance.

  • Hedge Funds Have Never Been More Bullish On Azure Power Global Limited (AZRE)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Azure Power Global Limited (AZRE)

    Is Azure Power Global Limited (NYSE:AZRE) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The […]

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  • Does Azure Power Global Limited (NYSE:AZRE) Have A Particularly Volatile Share Price?
    Simply Wall St.

    Does Azure Power Global Limited (NYSE:AZRE) Have A Particularly Volatile Share Price?

    Anyone researching Azure Power Global Limited (NYSE:AZRE) might want to consider the historical volatility of the...

  • The Zacks Analyst Blog Highlights: Dr. Reddy's, WNS and Azure Power
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    The Zacks Analyst Blog Highlights: Dr. Reddy's, WNS and Azure Power

    The Zacks Analyst Blog Highlights: Dr. Reddy's, WNS and Azure Power

  • Is it Apt to Foray Into the Indian Stock Market?: An Analysis
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    Is it Apt to Foray Into the Indian Stock Market?: An Analysis

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  • Moody's

    Azure Power Solar Energy Private Limited -- Moody's assigns first-time Ba2 to Azure Power Solar's USD senior notes

    Moody's Investors Service has assigned a Ba2 rating to the proposed 5.25-year USD backed senior unsecured notes of Azure Power Solar Energy Private Limited (Azure Power Solar). The notes are guaranteed by its holding company, Azure Power Global Limited (APGL). Azure Power Solar is a special purpose vehicle which will use the proceeds from the USD notes to subscribe to senior secured INR-denominated bonds and loans as external commercial borrowings to be issued by 10 restricted subsidiaries in the restricted group (RG-2).

  • Should Azure Power Global Limited (NYSE:AZRE) Focus On Improving This Fundamental Metric?
    Simply Wall St.

    Should Azure Power Global Limited (NYSE:AZRE) Focus On Improving This Fundamental Metric?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Azure Power Global Limited (AZRE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Azure Power Global Limited (AZRE) Q1 2020 Earnings Call Transcript

    AZRE earnings call for the period ending June 30, 2019.

  • Azure Power (AZRE) Lags Q1 Earnings Estimates
    Zacks

    Azure Power (AZRE) Lags Q1 Earnings Estimates

    Azure Power (AZRE) delivered earnings and revenue surprises of -50.00% and 9.28%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?