|Bid||11.12 x 1000|
|Ask||21.79 x 800|
|Day's Range||16.85 - 17.56|
|52 Week Range||13.87 - 18.34|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.20|
Brazilian power company CPFL Energia plans to invest 13.5 billion reais ($2.9 billion) by 2024, with the biggest single chunk of that being spent this year, the company said on Tuesday. On a conference call with analysts and investors, Chief Executive Gustavo Estrella said an estimated 3 billion reais will be invested this year, a record for the company, which is controlled by China's State Grid. "Our reading of the market for 2020 is interest rates to remain low and the (economy) to recover ... and so we have been preparing our investment program," Estrella said, pointing to energy distribution in particular.
CPFL Energia S.A. ("CPFL" or the "Company") announced today the removal of its American Depositary Shares (the "ADSs") from listing and registration on the New York Stock Exchange (the "NYSE").
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will cost about 11.16 billion reais ($2.71 billion) to be built. According to the power trading chamber CCEE, the new plants, which will need to be operational in six years, will sell energy for an average price of 176 reais per megawatt, a 33% discount over the initial price at the auction. France's Voltalia, Norway's Statkraft and Brazil's Eneva are among the winning bidders.
Brazil's largest pension fund Previ intends to be an active investor in a series of upcoming share offerings as part of an effort to diversify its portfolio, its Chief Executive Jose Mauricio Coelho told Reuters. Brazilian companies such as Petrobras Distribuidora SA , software producer Linx SA, Banco BTG Pactual SA and utility CPFL Energia SA, among others, plan to sell shares over the next two months, as investors bet a pension reform will be approved by year-end, accelerating economic growth.
Moody's América Latina Ltda., ("Moody's") has affirmed the corporate family ratings assigned to CPFL Energia S.A. (CPFL Energia) at Ba1 global scale and Aaa.br national scale. At the same time, Moody's affirmed the Ba1/Aaa.br ratings assigned to the COMPANHIA PTA DE FORCA E LUZ - CPFL PAULISTA (CPFL Paulista)'s BRL700 million 8th issuance of debentures and CPFL Geracao de Energia S.A.'s (CPFL Geracao)'s BRL1.4 billion 11th issuance of debentures, which are backed by a corporate guarantee from CPFL Energia.
A Latin American stocks benchmark rose on Tuesday, boosted by strong gains in index heavyweight Brazil, and the region's currencies firmed broadly against the dollar as frosty U.S.-China ties marginally ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of COMPANHIA PTA DE FORCA E LUZ - CPFL PAULISTA and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The Campinas, Brazil-based company said it had net income of 37 cents per share. The electric utility posted revenue of $1.76 billion in the period. For the year, the company reported profit of $559 million, ...
CAMPINAS, Brasil , April 22, 2019 /PRNewswire/ -- CPFL Energia (NYSE: CPL and BM&FBOVESPA: CPFE3) announces that its 2018 20-F Form annual report has been filed with the U.S. Securities and Exchange Commission ...