Azure Power Global Limited

Azure Power Global Limitedverified

AZRE

Price:

$1.69

Market Cap:

$3.23B

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 ROE as of September 2024 (TTM) for Azure Power Global Limited (AZRE) is -2.97%

According to Azure Power Global Limited’s latest financial reports and current stock price. The company's current ROE is -2.97%. This represents a change of 51.15% compared to the average of -1.96% of the last 4 quarters.

Azure Power Global Limited (AZRE) Historical ROE (quarterly & annually)

How has AZRE ROE performed in the past?

The mean historical ROE of Azure Power Global Limited over the last ten years is -56.47%. The current -2.97% ROE has changed -94.74% with respect to the historical average. Over the past ten years (40 quarters), AZRE's ROE was at its highest in in the March 2016 quarter at 49.63%. The ROE was at its lowest in in the June 2015 quarter at -3470.96%.

Quarterly (TTM)
Annual

Average

-56.47%

Median

-7.91%

Minimum

-757.12%

Maximum

320.00%

Azure Power Global Limited (AZRE) ROE by Quarter and Year

Discovering the peaks and valleys of Azure Power Global Limited ROE, 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 = 90.66%

Maximum Annual ROE = 320.00%

Minimum Annual Increase = -2999.73%

Minimum Annual ROE = -757.12%

Quarterly (TTM)
Annual
YearROEChange
2023-6.55%19.04%
2022-5.50%-67.81%
2021-17.08%90.66%
2020-8.96%-2999.73%
20190.31%-104.47%
2018-6.91%-22.51%
2017-8.91%-87.96%
2016-74.02%-90.22%
2015-757.12%-336.60%

Azure Power Global Limited (AZRE) Average ROE

How has AZRE ROE performed in the past?

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

3-year avg

-9.71%

5-year avg

-7.56%

10-year avg

-56.47%

Azure Power Global Limited (AZRE) ROE vs. Peers

How is AZRE’s ROE compared to its peers?

Azure Power Global Limited’s ROE is less than Altus Power, Inc. (5.04%), less than Ormat Technologies, Inc. (5.67%), less than Enlight Renewable Energy Ltd (4.94%), greater than Fluence Energy, Inc. (-5.29%), less than ReNew Energy Global Plc (0.77%), greater than Energy Vault Holdings, Inc. (-40.67%), less than Heliogen, Inc. (167.46%), less than Clearway Energy, Inc. (4.28%), less than Brookfield Renewable Corporation (12.32%), less than Clearway Energy, Inc. (4.28%), less than NextEra Energy Partners, LP (4.74%), greater than Algonquin Power & Utilities Corp. (-6.61%), less than Atlantica Sustainable Infrastructure plc (2.46%), greater than Brookfield Renewable Partners L.P. (-2.64%),

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