Azure Power Global Limited (AZRE) Research

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.

Market snapshot

Symbol
AZRE
Price
$1.69
Day change
-2.87%
Market cap
$4.8B
P/E ratio
-1.55x
52-week range
1.5-13.78
Sector
Utilities
Industry
Renewable Utilities

Peer companies

  • Altus Power, Inc. (AMPS)
  • Algonquin Power & Utilities Corp. (AQNU)
  • Atlantica Sustainable Infrastructure plc (AY)
  • Brookfield Renewable Partners L.P. (BEP)
  • Brookfield Renewable Corporation (BEPC)
  • Clearway Energy, Inc. (CWEN)
  • Clearway Energy, Inc. (CWEN-A)
  • Enlight Renewable Energy Ltd (ENLT)

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