Azure Power Global Limited (AZRE)
Azure Power Global Limited operates in the Renewable Utilities industry of the Utilities sector, headquartered in New Delhi, IN. The stock last traded at $1.69, down 2.87% on the session, giving a market capitalisation of $108.4M. On trailing twelve-month figures it carries a trailing P/E of -1.84, a net margin of -27.6%. Its beta of 0.56 implies it has historically moved less than the broad market.
Azure Power Global Limited, alongside its subsidiary entities, is an Indian firm specializing in the entire lifecycle of renewable energy ventures. This includes the conceptualization, construction, ownership, ongoing operation, upkeep, and overall management of such projects throughout India. The company primarily harnesses solar power, delivering electricity via long-term agreements to a diverse client base. These clients range from governmental and private energy distribution companies to various commercial customers. As of March 31, 2021, Azure Power had an operational portfolio consisting of 45 utility-scale installations, boasting a cumulative rated capacity of 1,990 megawatts. Established in 2008, the company maintains its corporate headquarters in New Delhi, India.
Azure Power Global Limited is most often compared with the following Utilities names: