EBR - Centrais Eletricas Brasileiras S.A. - Eletrobras

NYSE - NYSE Delayed Price. Currency in USD
9.15
-0.07 (-0.76%)
At close: 4:03PM EDT
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Previous Close9.22
Open9.20
Bid9.10 x 1100
Ask10.62 x 900
Day's Range9.10 - 9.45
52 Week Range5.56 - 11.69
Volume114,495
Avg. Volume347,841
Market Cap12.42B
Beta (3Y Monthly)-0.26
PE Ratio (TTM)N/A
EPS (TTM)-0.54
Earnings DateN/A
Forward Dividend & Yield0.21 (2.24%)
Ex-Dividend Date2019-05-09
1y Target Est2.50
Trade prices are not sourced from all markets
  • Reuters

    Eletrobras privatization bill to be set in motion by early November -minister

    A privatization bill for state-controlled Brazilian power company Eletrobras SA will be sent to Congress by early November, the country's mines and energy minister said on Friday, sending the company's shares up almost 3%. "I plan to deliver this project to Congress in person," minister Bento Albuquerque told reporters on the sidelines of a power auction.

  • Reuters

    Brazil's Eletrobras says share offer could raise $1.2 billion

    Brazilian state-run power firm Centrais Eletricas Brasileiras SA estimated that it could raise up to 5.1 billion reais ($1.23 billion) via the potential issue of 9.99 billion reais worth of shares, according to a company presentation released Wednesday night. If the company, commonly known as Eletrobras, raises the full 9.99 billion reais, it estimates a minimum of 4.05 billion reais of the new shares would be associated with the so-called APACs programme. If 60% of minority shareholders participate, according to the presentation, the company would raise 1.9 billion reais.

  • Reuters

    Brazilian power firm Eletrobras eyes $2.4 bln share offer

    The board of Brazilian state-run power firm Eletrobras has approved an extraordinary shareholders meeting to decide upon a capital increase of 9.99 billion reais ($2.42 billion) via a follow-on share offering, the firm said on Monday. In a securities filing, Centrais Eletricas Brasileiras SA , as the firm is formally known, said new preferential shares would be issued at 35.70 reais and new ordinary shares would be issued at 35.72 reais.

  • Hedge Funds Are Dumping Centrais Eletricas Brasileiras S.A. – Eletrobras  (EBR)
    Insider Monkey

    Hedge Funds Are Dumping Centrais Eletricas Brasileiras S.A. – Eletrobras (EBR)

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

  • Moody's

    Centrais Eletricas Brasileiras SA-Eletrobras -- Moody's affirms Eletrobras' Ba3 rating, outlook changed to positive

    Moody's Investors Service ("Moody's") has today affirmed the Ba3 rating of Centrais Eletricas Brasileiras SA-Eletrobras, including the company's senior unsecured debt and corporate family rating (CFR). At the same time, Moody's affirmed the company's baseline credit assessment (BCA) at b1. The change in Eletrobras' ratings outlook to positive reflect the ongoing progress of the company's multi-year business plan to enhance internal controls and improve profitability, including the divesture of non-core assets such as the sale of Amazonas Distribuidora de Energia (Amazonas D) in April, and the increasing diversification of its funding base, evidenced by the refinancing of U$1.0 billion notes in July with long-term debentures issued in local currency.

  • Reuters

    UPDATE 1-Brazil's Bolsonaro wants to privatize Petrobras by end of his term -report

    The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper Valor Economico reported on its website on Wednesday, citing anonymous sources. The report also cites a speech by Economy Minister Paulo Guedes at an event hosted by Valor. "There are big guys thinking they won't be privatized, but we will get there," Guedes is reported as saying.

  • Reuters

    CEO expects Brazil's power holding Eletrobras to be privatized next year

    The CEO of Brazil's state-controlled power holding Centrais Eletricas Brasileiras SA expects the government to privatize the company through a share offering after February next year. In conference calls with analysts and reporters, Wilson Ferreira Jr. said the decision on the privatization will be taken this year, and he does not expect the government to demand a "golden share" in the company after its privatization, since the power industry is heavily regulated in Brazil. Ferreira also said he expects to sell all the stakes in windfarms and transmission companies Eletrobras has put on the block by November.

  • Eletrobras says Brazilian president approves privatisation plan, shares surge
    Reuters

    Eletrobras says Brazilian president approves privatisation plan, shares surge

    Brazil's state-controlled Centrais Eletricas Brasileiras SA , known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatising the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatisation would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatisations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatised.

  • Reuters

    UPDATE 2-Eletrobras says Brazilian president approves privatization plan, shares surge

    Brazil's state-controlled Centrais Eletricas Brasileiras SA, known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatizing the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatization would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatizations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatized.

  • Reuters

    Brazil govt to raise 18 bln reais from Eletrobras capital increase -minister

    Brazil's government is expected to raise about 18 billion reais ($4.8 billion) after a capital increase in utility Eletrobras, Minister of Minas and Energy Bento Alburquerque said in an interview with GloboNews on Wednesday night. Eletrobras will issue between 30 billion reais and 36 billion in new shares, part of which will be used to pay off debt with Brazil's government. Albuquerque told GloboNews that the proposal will be presented to President Jair Bolsonaro for a final decision within two weeks.

  • Reuters

    UPDATE 4-Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales

    Brazil's Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras. Also on Thursday, Supreme Court Justice Edson Fachin, who ruled in May to suspend the $8.6 billion sale of Petrobras' TAG pipeline unit to France's Engie SA, reversed his decision in light of the full court's ruling, allowing Petroleo Brasileiro SA, as the firm is formally known, to go ahead with the divestment. The decisions will allow Petrobras to proceed with its plan to divest $27 billion of non-core assets by 2023, which it has repeatedly said is key to reducing its bloated debt load.

  • Reuters

    Brazil's Eletrobras plans sale of stakes in 45 cos in second half -CEO

    Brazil's state-controlled power holding company Centrais Eletricas Brasileiras SA plans to sell 45 stakes in companies, mostly windfarms, in the second half of the year, Chief Executive Officer Wilson ...

  • Reuters

    Brazil's state-run Eletrobras Q1 profit soars

    Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday posted a first-quarter profit almost three times the size of its earnings a year earlier. Eletrobras, as the company ...

  • Moody's

    Centrais Eletricas Brasileiras SA-Eletrobras -- Moody's announces completion of a periodic review of ratings of Centrais Eletricas Brasileiras SA-Eletrobras

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centrais Eletricas Brasileiras SA-Eletrobras 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.

  • Reuters

    Brazil's Eletrobras misses workforce reduction target

    Brazil's state-controlled Centrais Eletricas Brasileiras SA has not met its workforce reduction target with a voluntary buyout program, the company's chief executive said on Friday. Wilson Ferreira Jr., the chief executive, said only 438 employees joined the program so far, less than 25 percent of the 2,000 workers that Eletrobras, as the company is known, was planning to layoff. Ferreira said Eletrobras will create new workforce reduction programs to reach its goal of having 12,000 employees by 2020, down from the current 14,000.

  • Reuters

    Private investors raise bets in Brazil power sector as state firms fade

    International private companies have increased their investment in Brazil's power sector over the last three years even as the country's cash-strapped state-controlled companies have cut back, a Reuters survey of power companies shows. Eight out of 11 large foreign private firms operating in Brazil boosted investments in the power sector from 2016 to 2018, some of them by more than 200 percent, the poll showed. Meanwhile, the three largest state-controlled firms - Eletrobras , Cemig and Copel - cut their annual spending by around 45 percent over the same period.

  • Were Hedge Funds Right About Flocking Into Centrais Elétricas Brasileiras S.A. – Eletrobras (EBR) ?
    Insider Monkey

    Were Hedge Funds Right About Flocking Into Centrais Elétricas Brasileiras S.A. – Eletrobras (EBR) ?

    Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]

  • Reuters

    Brazil's Eletrobras reports hefty profit, boosted by privatizations

    Brazilian state-run electricity company Eletrobras on Thursday reported a fourth-quarter profit of 12.07 billion reais ($3.02 billion), a sharp turnaround from the year before, thanks in part to the sale of money-losing subsidiaries and the reversal of impairments. The quarterly performance of Centrais Eletricas Brasileiras SA, as the company is formally known, marks a strong improvement over the same period in 2017, when the firm posted a loss of 3.9 billion reais. Throughout 2018, the Eletrobras privatized six distribution subsidiaries in northern and northeastern Brazil.

  • Reuters

    Brazil's Eletrobras privatization plan could be ready by June -minister

    A plan to transfer to private investors a controlling stake at Latin America's largest power firm, Brazil's Eletrobras, could be ready as soon as June, Energy Minister Bento Albuquerque said on Wednesday. Albuquerque said the Brazilian government wants to discuss the plan in detail with lawmakers before it sends the proposal for a vote in the Congress. The privatization likely will happen through a capitalization plan in which new shares would be offered to investors in a process that would dilute the largest shareholder, the Brazilian government, to such a level that it will no longer hold a controlling stake.

  • Reuters

    Brazil wants Eletrobras capitalization plan ready by June -minister

    Brazilian Mines and Energy Minister Bento Albuquerque told journalists on Wednesday he plans to have a plan to capitalize state-run electricity company Centrais Elétricas Brasileiras SA, known as Eletrobras, ...