Centrais Eletricas Brasileiras S/A ADR (EBR) News

Centrais Eletricas Brasileiras S/A ADR (EBR): $8.45

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Latest EBR News From Around the Web

Below are the latest news stories about BRAZILIAN ELECTRIC POWER CO that investors may wish to consider to help them evaluate EBR as an investment opportunity.

Brazil's Eletrobras offers buyout to cut over 2,300 jobs, a fifth of workforce

Brazil's electricity company Eletrobras offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, in a first major cost cutting move following its privatization. Centrais Eletricas Brasileiras SA, as the company is formally known, said the voluntary layoff program will apply to 2,312 employees and will cost up to 1 billion reais ($189 million). In a securities filing, Eletrobras said the program is a measure to streamline its costs and expenses and it expects to recoup the money it spends in around 11 months.

Yahoo | October 28, 2022

11 Best Hot Stocks To Buy Right Now

In this article, we will look at the 11 best hot stocks to buy right now. If you want to explore similar stocks, you can also take a look at 5 Best Hot Stocks To Buy Right Now. One of Wall Street’s Biggest Bull Slashes Forecast On October 17 John Stoltzfus, chief investment strategist at […]

Yahoo | October 19, 2022

Petrobras +11% as Brazil''s presidential election heads for surprise runoff

Petrobras (PBR) +10.9% and Eletrobras (EBR) +9.1% to lead NYSE-listed Brazilian stocks in a broad rally Monday after investors welcomed the closer than expected results of the first…

Seeking Alpha | October 3, 2022

Brazil’s Eletrobras unlikely to change dividend policy in near term, CEO says

SAO PAULO — Brazilian power company Eletrobras does not expect its capital allocation and dividend policy to change in the short term, Chief Executive Wilson Ferreira Jr said on Thursday, though further details are yet to be discussed with board members of the recently privatized firm. Ferreira also said Centrais Eletricas Brasileiras SA, as the […]

Financial Post | September 29, 2022

EBR or DTE: Which Is the Better Value Stock Right Now?

EBR vs. DTE: Which Stock Is the Better Value Option?

Yahoo | September 16, 2022

EBR vs. AVA: Which Stock Is the Better Value Option?

EBR vs. AVA: Which Stock Is the Better Value Option?

Yahoo | August 30, 2022

Eletrobras (EBR) is on the Move, Here's Why the Trend Could be Sustainable

Eletrobras (EBR) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Yahoo | August 30, 2022

Eletrobras: An Undervalued Strong Buy (NYSE:EBR)

The Brazilian government recently privatized Eletrobras as part of its biggest privatization initiative, raising R$69.81 billion.

Seeking Alpha | August 15, 2022

Brazil’s Eletrobras reports 45% drop in Q2 net profit

(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments.

FX Empire | August 12, 2022

Brazil's Eletrobras brings back former CEO Ferreira, elects new chairman

SAO PAULO (Reuters) -The new board of directors of Brazilian power company Eletrobras on Friday chose former CEO Wilson Ferreira Junior to return to the job and elected former Petrobras CEO Ivan Monteiro as chairman of the board of directors, the company said in a statement. Shareholders also appointed a new board of directors for the newly privatized utility on Friday. Ferreira will take office by Sept. 20, returning to the position after serving as Eletrobras' CEO from 2016 to 2021.

Yahoo | August 6, 2022

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