|Bid||21.53 x 0|
|Ask||21.54 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||2.89|
|Earnings Date||Nov 14, 2019|
|Forward Dividend & Yield||0.19 (0.89%)|
|1y Target Est||19.21|
The CFO of Brazilian renewable energy firm Renova Energia SA resigned and a key shareholder gave up its stake after failed talks to sell heavily indebted wind farm projects. Renova Chief Executive Officer Cristiano Corrêa de Barros will temporarily assume the responsibilities of outgoing Chief Financial Officer Claudio Ribeiro, the company said on Monday. Separately on Monday, Renova shareholder Light SA said it had sold its 17.17% stake in the firm to an investment fund for a symbolic value of 1 real.
Moody's Investors Service (Moody's) today affirmed the foreign currency Ba3 senior unsecured notes ratings of Light Serviços de Eletricidade S.A. (Light SESA) and Light Energia S.A (Light Energia). At the same time Moody's America Latina affirmed the Corporate Family Rating (CFR) of Light S.A. (Light) and the issuer ratings of its operating subsidiaries Light Serviços de Eletricidade S.A. (Light SESA) and Light Energia S.A (Light Energia) at Ba3 on the global scale. The outlook is stable for all ratings.
Moody's América Latina Ltda., (Moody's) today affirmed the Corporate Family Rating (CFR) of Light S.A. (Light) and the issuer ratings of its operating subsidiaries Light Serviços de Eletricidade S.A. (Light SESA) and Light Energia S.A (Light Energia) at Ba3 on the global scale. At the same time, Moody's upgraded the national scale ratings to A2.br from A3.br. The outlook is stable for all ratings.
Moody's America Latina ("Moody's") has affirmed the baseline credit assessment (BCA) and global scale corporate family rating (CFR) of Companhia Energetica de Minas Gerais - CEMIG (CEMIG) of b1 and B1, respectively. The national scale CFR was upgraded to Baa1.br from Baa2.br.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Light Energia S.A. New York, May 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Light Energia S.A. 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.