Azure Power Global Limited (AZRE) |
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Price: $1.6900
$-0.05
-2.874%
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Day's High:
| $1.7887
| Week Perf:
| -3.43 %
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Day's Low: |
$ 1.67 |
30 Day Perf: |
-21.76 % |
Volume (M): |
200 |
52 Wk High: |
$ 2.76 |
Volume (M$): |
$ 337 |
52 Wk Avg: |
$2.13 |
Open: |
$1.73 |
52 Wk Low: |
$1.50 |
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Market Capitalization (Millions $) |
86 |
Shares
Outstanding (Millions) |
51 |
Employees |
1,391 |
Revenues (TTM) (Millions $) |
242 |
Net Income (TTM) (Millions $) |
-28 |
Cash Flow (TTM) (Millions $) |
94 |
Capital Exp. (TTM) (Millions $) |
539 |
Azure Power Global Limited
Azure Power Global Limited (AZRE) is a leading solar power producer in India with a portfolio of over 7,500 MW of solar power projects. The company was founded in 2008 by Inderpreet Wadhwa and serves various industries such as government utilities, commercial customers, industrial customers, and residential customers.
Azure Power Global Limited provides clean, affordable, and reliable solar energy solutions to customers across India. The company has a strong focus on sustainability and aims to reduce India's carbon footprint by producing clean energy. Azure Power's solar power projects are spread throughout different states in India and are geo-diverse.
Azure Power has a vertically integrated business model, which involves designing, engineering, constructing, operating, and maintaining solar power plants. Azure Power develops large-scale solar power projects that are connected to the grid and also operates solar rooftops.
Azure Power's customers include some of the biggest names in India, such as Indian Railways, Hindustan Zinc Limited, and National Thermal Power Corporation. Additionally, the company has a unique business model where it offers solar power projects to consumers under long-term power purchase agreements (PPA). The PPAs are usually for a duration of 25 years, which offers customers long-term energy price certainty.
Azure Power has a robust financial structure with investors such as International Finance Corporation (IFC), Canada Pension Plan Investment Board (CPPIB), and Deutsche Bank. The company is publicly traded on the New York Stock Exchange (NYSE) and has a market capitalization of over $1 billion.
Overall, Azure Power Global Limited is one of the foremost solar power companies in India, with a strong focus on sustainability, vertical integration, and providing reliable and affordable solar energy solutions to customers. With a proven track record of successful solar power projects and a strong financial structure, Azure Power is well-positioned to lead India's clean energy transition.
Company Address: 5th Floor Saket, New Delhi 110017
Company Phone Number: 49409800 Stock Exchange / Ticker: NYSE AZRE
AZRE is expected to report next financial results on October 11, 2024. |
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Stock Performances by Major Competitors |
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Genie Energy Ltd
Genie Energy Ltd, a leading energy company, has experienced a significant drop in its share prices over the past three months. During March 2024 alone, GNE shares fell by 3.1%, and overall, they have dropped by 20.13% in the past quarter. Despite these declines, Genie Energy Ltd shares are currently trading on the NYSE at 7.5% above its 52-week average. One of the main factors contributing to the drop in share prices is the company's performance during the fourth quarter of 2023 earnings season. Genie Energy Ltd reported a shortfall of $-0.97 per share, a significant decrease compared to $0.58 per share a year ago. Furthermore, EPS fell from $0.53 per share from the prior quarter. However, it is important to note that the company's revenue grew strongly by 72.853% to $104.92 million from $60.70 million in the similar quarter a year ago. It is worth mentioning that while Genie Energy Ltd's top-line rose faster than most of its industry peers in the Electric Utilities sector, there was a significant decrease in revenue sequentially, falling by -16.097% from $125.05 million. Additionally, Genie Energy Ltd reported a net shortfall of $-23.651 million for the fourth quarter of 2023, as opposed to net earnings of $16.851 million in the similar quarter a year before.
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Altus Power Inc
Altus Power Inc, the largest commercial scale provider of clean, electric power, recently announced its financial results for the fourth quarter and full year 2023. Despite a surge in revenue of 27.754% to $34.19 million in the October to December 31 fiscal time-frame, the company slipped into a deficit of $-0.17 per share. AMPSs' top-line growth in the fourth quarter of 2023 compares favorably to its Electric Utilities industry peers, who only achieved a 0.62% revenue improvement during the same period. Sequentially, earnings per share fell from $0.03 per share, and revenue declined by -24.151% from $45.08 million. However, Altus Power Inc is pairing its high momentum with improving consumer costs and its current expertise. During the October to December 31 fiscal time-frame, Altus Power Inc recorded a net deficit of $-39.964 million, compared to earnings of $67.086 million in the same quarter a year prior. While the accounts receivable have declined to $17.1 million from the previous quarter, they remain higher than during the same period last year. For the financial twelve months of 2023, Altus Power Inc reports a net loss of $-25.97 million and revenue of $155.16 million. The company's EPS dropped from $0.35 in the preceding financial year to $-0.06 in proportion. However, revenue surged by 53.38% from $101.16 million a year ago. Looking ahead, Altus Power Inc is expected to report its next financial earnings on March 29, 2024. Despite the financial results, Lars Norell, co-CEO of Altus Power, remains optimistic about the company's performance, stating that 2023 was another record-breaking year for Altus, with revenue, adjusted EBITDA, customer additions, and asset growth reaching new highs.
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Brookfield Renewable Corporation
Brookfield Renewable Corporation, a global leader in renewable energy, has recently announced the renewal of its normal course issuer bids, demonstrating its commitment to increasing shareholder value and showcasing confidence in the future growth potential of the renewable energy sector. However, despite these positive actions, the company's recent financial results raise concerns about its performance and potential challenges ahead. Share Price Performance: Over the past three months, Brookfield Renewable Corporation's stock has experienced a significant decline of -8.78%. Similarly, over the past 30 days, the stock has decreased by -6.53%. Furthermore, the stock is currently trading just 11.1% above its 52-week low. These figures indicate a downward trend in investor confidence, potentially driven by the company's recent financial performance.
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Hawaiian Electric Industries Inc
The financial results of Hawaiian Electric Industries Inc for the year 2023, as well as the first quarter of 2024, paint a mixed picture. While the company saw some declines in income and revenue, it also experienced growth in sequential earnings per share (EPS). Understanding the repercussions of these financial outcomes is crucial to gain insights into how Hawaiian Electric Industries Inc may perform in the future. Revenue and Income: Hawaiian Electric Industries Inc faced a decrease in revenue by -6.157% to $956.37 million in the closing quarter of December 31, 2023, compared to the previous year. Sequentially, the revenue saw growth of 6.043% from $901.87 million. Similarly, the company's income fell by -15.39% to $0.44 per share, indicating a decline in profitability.
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Ameren Corporation
The financial results reported by Ameren Corporation for the most recent fiscal period paint a mixed picture for the company. While earnings and revenue have seen declines compared to previous periods, there are also positive indicators such as improving profit margins and a significant increase in the quarterly cash dividend. The decrease in earnings and revenue could be attributed to various factors, including a challenging economic environment, seasonal fluctuations in demand, and potentially slowing growth in the industry. However, Ameren Corporation has managed to maintain a relatively strong net margin of 9.83% and operating margin of 16.32%, indicating efficient cost management and profitability.
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Per Share |
Current |
Earnings (TTM) |
-0.55 $ |
Revenues (TTM) |
4.75 $
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Cash Flow (TTM) |
1.84 $ |
Cash |
5.85 $
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Book Value |
10.25 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-0.55 $
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Revenues (TTM) |
4.75 $ |
Cash Flow (TTM) |
1.84 $ |
Cash |
5.85 $
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Book Value |
10.25 $ |
Dividend (TTM) |
0 $ |
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