Centrais Eletricas Brasileiras S/A ADR (EBR) News
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EBR News Highlights
- EBR's 30 day story count now stands at 2.
- Over the past 9 days, the trend for EBR's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
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.
In this article, we will take a look at the 20 most valuable Brazilian companies heading into 2024. If you want to skip our detailed analysis, you can go directly to 5 Most Valuable Brazilian Companies Heading into 2024. Brazil’s Economic Outlook: At a Glance According to a report by Deloitte, the Brazilian economy has been […]
Eletrobras on Wednesday reported a third-quarter net profit slightly ahead of estimates, swinging back to the black after a small net loss a year earlier, as it said it has managed to speed up its post-privatization "value creation strategy". The Brazilian power company posted net income of 1.47 billion reais ($302 million) in the three months ended Sept. 30, up from the 88,000-real net loss a year earlier and above the 1.44 billion estimated by analysts polled by LSEG. Eletrobras, formerly a state-run company, was privatized in June of last year when the Brazilian government diluted its stake in the firm in a transaction worth more than $6 billion, making it a company with dispersed ownership.
Unraveling the Factors That Could Limit the Company's Future Growth
Is the Stock Modestly Overvalued?
The unexpected resignation of Eletrobras chief executive Wilson Ferreira Junior is likely to throw Latin America's largest utility into uncertainty and weigh on its shares in the short term, analysts said. Ferreira tendered his resignation on Monday after less than a year in the role, leading shares in Eletrobras to dip nearly 4% on Tuesday. Some analysts expect Monteiro to maintain the Eletrobras strategy adopted under Ferreira, but his still not fully explained departure has raised doubts.
EBR vs. PNW: Which Stock Is the Better Value Option?
Brazil's Supreme Court is expected to reject any request from the country's new leftist government to revise the privatization of power firm Eletrobras , carried out during the administration of former president Jair Bolsonaro, according to three court sources. The stance means one of the economic hallmarks of Bolsonaro's right-wing government would likely remain intact even after President Luiz Inacio Lula da Silva asked cabinet members to search for loopholes in the process that could allow his administration to legally question it. Eletrobras, Latin America's largest utility, was privatized in June 2022, when the government diluted its then controlling stake in the firm in a $6.9 billion share offering.
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Q4 2022 Earnings Call Transcript March 15, 2023 Operator: Presenting the team from EletrobrÃ¡s here, Wilson Ferreira, the Junior, the President of EletrobrÃ¡s; Elvira Presta, Investor Relations and Financial; Camila,, Governance, Risk and Compliance; Pedro JatobÃ¡, Generation Director; and Rodrigo Limp, Institutional Relations; Ãlio Business Strategy and Participations […]
Zacks.com featured highlights include Global Ship Lease, Compania Cervecerias Unidas, Sterling Infrastructure. Unum Group and Centrais Eletricas Brasileiras
Global Ship Lease, Compania Cervecerias Unidas, Sterling Infrastructure. Unum Group and Centrais Eletricas Brasileiras are part of the Zacks Screen of the Week article.
We have screened bargain stocks GSL, CCU, STRL, UNM and EBR based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.