|Bid||11.12 x 1000|
|Ask||21.79 x 800|
|Day's Range||16.85 - 17.56|
|52 Week Range||14.73 - 18.34|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CPFL Energia S.A. ("CPFL" or the "Company") announced today its intention to file a Form 15F with the U.S. Securities and Exchange Commission ("SEC") to terminate the registration of all classes of its registered securities under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as well as to terminate its reporting obligations under the Exchange Act. As a result of filing Form 15F, CPFL's obligations to file reports under the Exchange Act will be suspended immediately and are expected to terminate 90 days after the filing, barring any objection by the SEC.
The presentation for download is available at CPFL Investor Relations website, cpfl.com.br/investor relations. Before proceeding, we would like to clarify that forward-looking statements are being made under the Safe Harbor of the Securities Litigation and Reform Act of 1996. Such forward-looking statements are beliefs and assumptions of the company's management as well as information currently available to the company.
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.