Azure Power Global Limited

Azure Power Global Limitedverified

AZRE

Price:

$1.69

Market Cap:

$538.61M

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India.[Read more]

Industry

Renewable Utilities

IPO Date

2016-10-12

Stock Exchange

NYSE

Ticker

AZRE

The PE Ratio as of September 2024 (TTM) for Azure Power Global Limited (AZRE) is -2.14

According to Azure Power Global Limited’s latest financial reports and current stock price. The company's current PE Ratio is -2.14. This represents a change of -98.70% compared to the average of -164.24 of the last 4 quarters.

Azure Power Global Limited (AZRE) Historical PE Ratio (quarterly & annually)

How has AZRE PE Ratio performed in the past?

The mean historical PE Ratio of Azure Power Global Limited over the last ten years is 1.56K. The current -2.14 PE Ratio has changed -113.75% with respect to the historical average. Over the past ten years (40 quarters), AZRE's PE Ratio was at its highest in in the June 2021 quarter at 2.57K. The PE Ratio was at its lowest in in the September 2021 quarter at -4785.14.

Quarterly (TTM)
Annual

Average

1.56K

Median

-468.50

Minimum

-2276.43

Maximum

23.90K

Azure Power Global Limited (AZRE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Azure Power Global Limited PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.18%

Maximum Annual PE Ratio = 23.90K

Minimum Annual Increase = -1386.14%

Minimum Annual PE Ratio = -2276.43

Quarterly (TTM)
Annual
YearPE RatioChange
2023-5.74-99.75%
2022-2276.4335.18%
2021-1684.008.64%
2020-1550.05-106.49%
201923.90K-1386.14%
2018-1858.05113.84%
2017-868.911.18%
2016-68.09715.14%
2015-8.35-57.66%

Azure Power Global Limited (AZRE) Average PE Ratio

How has AZRE PE Ratio performed in the past?

The current PE Ratio of Azure Power Global Limited (AZRE) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-1322.06

5-year avg

3.68K

10-year avg

1.56K

Azure Power Global Limited (AZRE) PE Ratio vs. Peers

How is AZRE’s PE Ratio compared to its peers?

Azure Power Global Limited’s PE Ratio is less than Altus Power, Inc. (21.12), less than Ormat Technologies, Inc. (33.34), less than Enlight Renewable Energy Ltd (32.63), greater than Fluence Energy, Inc. (-107.38), less than ReNew Energy Global Plc (219.99), less than Energy Vault Holdings, Inc. (-1.42), less than Heliogen, Inc. (-0.08), less than Clearway Energy, Inc. (35.74), less than Brookfield Renewable Corporation (13.95), less than Clearway Energy, Inc. (35.74), less than NextEra Energy Partners, LP (7.62), greater than Algonquin Power & Utilities Corp. (-40.34), less than Atlantica Sustainable Infrastructure plc (73.03), greater than Brookfield Renewable Partners L.P. (-57.83),

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