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Alternative stocks to Azure Power Global (NYSE:AZRE)


These are the alternatives to Azure Power Global that fall within the same industry, Renewable Electricity, or region, India.

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

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See Azure Power Global Performance

Azure Power Global stock research in summary

azurepower.com


Azure Power Global shares are less expensive than other comparable stocks. While they are good value, they are riskily financed, and show below average growth. We recommend evaluating whether the future of the company Azure Power Global is really as difficult as the low price of the stock suggests. If you believe that the future of the company is market-typical or even better, then this could be an argument for a share purchase.


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Country India
Industry Renewable Electricity
Index
Size class X-Small

Large companies - similar industry as Azure Power Global

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Gail (XXL, IN)  Gas Utilities
1. Gail (XXL, IN)   Gas Utilities 59 89 73 98
2. CEMIG (XL, BR)  Electric Utilities
2. CEMIG (XL, BR)   Electric Utilities 100 63 57 96
3. Perusahaan Gas (XL, ID)  Gas Utilities
3. Perusahaan Gas (XL, ID)   Gas Utilities 98 29 81 90
4. YTL (XL, MY)  Multi-Utilities
4. YTL (XL, MY)   Multi-Utilities 61 100 39 80
5. SABESP (XL, BR)  Water Utilities
5. SABESP (XL, BR)   Water Utilities 53 100 45 80
6. Equatorial Energia (XL, BR)  Electric Utilities
6. Equatorial Energia (XL, BR)   Electric Utilities 65 71 43 76
7. Brazilian Electric (XL, BR)  Electric Utilities
7. Brazilian Electric (XL, BR)   Electric Utilities 74 43 59 70
8. Energisa (XL, BR)  Electric Utilities
8. Energisa (XL, BR)   Electric Utilities 76 75 19 63
9. Neoenergia (XL, BR)  Electric Utilities
9. Neoenergia (XL, BR)   Electric Utilities 94 39 33 61
10. Tenaga Nasional (XXL, MY)  Electric Utilities
10. Tenaga Nasional (XXL, MY)   Electric Utilities 67 59 39 61

April 25, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Azure Power Global

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Hero Motocorp (XL, IN)  Motorcycle Manufacturers
1. Hero Motocorp (XL, IN)   Motorcycle Manufacturers 87 92 59 100
2. Gail (XXL, IN)  Gas Utilities
2. Gail (XXL, IN)   Gas Utilities 59 89 73 98
3. SBI Life Insurance (XL, IN)  Life & Health Insurance
3. SBI Life Insurance (XL, IN)   Life & Health Insurance 27 75 87 97
4. HDFC Life Insurance (XL, IN)  Life & Health Insurance
4. HDFC Life Insurance (XL, IN)   Life & Health Insurance 26 69 100 96
5. Canara Bank (XXL, IN)  Diversified Banks
5. Canara Bank (XXL, IN)   Diversified Banks 53 87 77 95
6. NMDC (XL, IN)  Steel
6. NMDC (XL, IN)   Steel 32 97 91 94
7. Power Finance (XL, IN)  Specialized Finance
7. Power Finance (XL, IN)   Specialized Finance 55 97 43 94
8. ICICI Prudential Life Insurance (XL, IN)  Life & Health Insurance
8. ICICI Prudential Life Insurance (XL, IN)   Life & Health Insurance 20 71 100 92
9. Bajaj Auto (XL, IN)  Motorcycle Manufacturers
9. Bajaj Auto (XL, IN)   Motorcycle Manufacturers 45 63 85 91
10. HCL (XL, IN)  IT Consulting & oth. Services
10. HCL (XL, IN)   IT Consulting & oth. Services 60 81 59 89

April 25, 2024


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Mid sized companies - similar industry as Azure Power Global

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Central Puerto (M, AR)  Power Producers & Traders
1. Central Puerto (M, AR)   Power Producers & Traders 20 93 73 80
2. Colbún (L, CL)  Power Producers & Traders
2. Colbún (L, CL)   Power Producers & Traders 80 7 91 74
3. Malakoff (L, MY)  Power Producers & Traders
3. Malakoff (L, MY)   Power Producers & Traders 86 41 35 61
4. Electricity Generating (L, TH)  Power Producers & Traders
4. Electricity Generating (L, TH)   Power Producers & Traders 94 15 47 51
5. Engie Energía Perú (M, PE)  Power Producers & Traders
5. Engie Energía Perú (M, PE)   Power Producers & Traders 92 1 59 47
6. Ratch Group (L, TH)  Power Producers & Traders
6. Ratch Group (L, TH)   Power Producers & Traders 88 13 31 34
7. Energy Absolute (M, TH)  Renewable Electricity
7. Energy Absolute (M, TH)   Renewable Electricity 71 53 9 33
8. Eneva (L, BR)  Power Producers & Traders
8. Eneva (L, BR)   Power Producers & Traders 43 71 15 28
9. Global Power Synergy (L, TH)  Power Producers & Traders
9. Global Power Synergy (L, TH)   Power Producers & Traders 43 37 33 20
10. Engie Brasil Energia (L, BR)  Renewable Electricity
10. Engie Brasil Energia (L, BR)   Renewable Electricity 59 11 39 12

April 25, 2024


Mid sized companies - similar region as Azure Power Global

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Kansai Nerolac Paints (L, IN)  Commodity Chemicals
1. Kansai Nerolac Paints (L, IN)   Commodity Chemicals 75 75 62 98
2. Tata Elxsi (M, IN)  Systems Software
2. Tata Elxsi (M, IN)   Systems Software 10 70 71 98
3. Ajanta Pharma (M, IN)  Pharmaceuticals
3. Ajanta Pharma (M, IN)   Pharmaceuticals 43 85 86 98
4. Escorts (L, IN)  Agricultural Machinery
4. Escorts (L, IN)   Agricultural Machinery 32 95 98 96
5. Sun TV Network (M, IN)  Broadcasting
5. Sun TV Network (M, IN)   Broadcasting 51 68 98 96
6. Indiabulls Housing Finance (L, IN)  Thrifts & Mortgage Finance
6. Indiabulls Housing Finance (L, IN)   Thrifts & Mortgage Finance 71 41 99 93
7. Emami (M, IN)  Personal Products
7. Emami (M, IN)   Personal Products 71 75 52 92
8. CESC (L, IN)  Electric Utilities
8. CESC (L, IN)   Electric Utilities 53 95 63 92
9. Cholamandalam Financial Holdings (L, IN)  Consumer Finance
9. Cholamandalam Financial Holdings (L, IN)   Consumer Finance 37 100 61 92
10. Gujarat State Petronet (L, IN)  Gas Utilities
10. Gujarat State Petronet (L, IN)   Gas Utilities 47 81 89 90

April 25, 2024



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