|Day's Range||3.66 - 4.02|
|52 Week Range||3.49 - 7.70|
|PE Ratio (TTM)||2.22|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Categories: Yahoo FinanceGet free summary analysis Centrais Elétricas Brasileiras SA reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of Centrais Elétricas Brasileiras SA – Companhia Paranaense de Energia Sponsored ADR Pfd Class B, CPFL Energia S.A. Sponsored ADR, Companhia Energetica de Minas Gerais SA Sponsored ADR ... Read more (Read more...)
Brazilian federal police searched the headquarters of a unit of state-controlled power utility Centrais Elétricas Brasileiras SA on Thursday as part of a corruption investigation. According to a statement, the operation was driven by suspicions of graft and money-laundering in dealings involving an unspecified hydropower dam held by the Furnas Centrais Elétricas SA unit and former lower house Speaker Eduardo Cunha, who is currently under arrest. Police served 33 search-and-seizure warrants in São Paulo and Rio de Janeiro, the statement said.
Chinese power utilities and foreign investment funds are seen as the likely bidders in upcoming asset sales in Brazil's electricity industry, as debt-laden state utilities seek to root out years of political mismanagement and balance sheet overstretching, according to lawyers familiar with the market. Centrais Elétricas Brasileiras SA, known as Eletrobras, and Cia Energética de Minas Gerais SA, known as Cemig, plan to divest generation and transmission assets, including their stakes in some of Brazil's largest hydroelectric dams - Santo Antônio and Belo Monte. Large Chinese strategic investors will probably be the winning bidders for the dams, because the size of the projects fit their strategies better and they would be willing to pay more, said Tiago Figueiró, who is part of the team involved in electricity industry issues at São Paulo-based law firm Veirano Advogados.