Centrais El�tricas Brasileiras (NYSE:EBR) Hits New 1-Year High - Here's Why

Key Points

• Centrais Elétricas Brasileiras SA reached a new 52-week high, trading at $7.81, after previously closing at $7.12, indicating strong investor interest with a volume of 1,528,418 shares traded.
• Equity analysts show mixed sentiments: Wall Street Zen downgraded the stock from "buy" to "hold," while Scotiabank upgraded it to "strong-buy," highlighting differing opinions on its future performance.
• The company reported a net margin of 23.69% for its last quarter, although it missed earnings expectations, with an EPS of ($0.01) against a consensus estimate of $0.16.

Centrais El�tricas Brasileiras SA (NYSE:EBR - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $7.83 and last traded at $7.81, with a volume of 1528418 shares changing hands. The stock had previously closed at $7.12.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EBR. Wall Street Zen lowered shares of Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank upgraded Centrais El�tricas Brasileiras to a "strong-buy" rating in a report on Thursday, July 31st.

Centrais El�tricas Brasileiras Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.27 and a current ratio of 2.29. The business's fifty day simple moving average is $7.24 and its 200 day simple moving average is $7.07. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 10.06 and a beta of 0.56.

Centrais El�tricas Brasileiras (NYSE:EBR - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The utilities provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. Centrais El�tricas Brasileiras had a return on equity of 8.14% and a net margin of 23.69%. Research analysts predict that Centrais El�tricas Brasileiras SA will post 0.32 EPS for the current fiscal year.

Institutional Trading of Centrais El�tricas Brasileiras

A number of large investors have recently modified their holdings of EBR. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Centrais El�tricas Brasileiras by 51.8% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 1,528 shares during the period. Wealthquest Corp acquired a new position in shares of Centrais El�tricas Brasileiras during the first quarter valued at $33,000. GAMMA Investing LLC increased its stake in Centrais El�tricas Brasileiras by 184.3% during the 1st quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock valued at $33,000 after buying an additional 2,979 shares during the period. Tower Research Capital LLC TRC increased its stake in Centrais El�tricas Brasileiras by 124.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock valued at $40,000 after buying an additional 3,870 shares during the period. Finally, Barclays PLC increased its stake in Centrais El�tricas Brasileiras by 301.9% during the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock valued at $57,000 after buying an additional 7,547 shares during the period. Institutional investors and hedge funds own 2.64% of the company's stock.

About Centrais El�tricas Brasileiras

Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.