Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Hits New 1-Year Low – What’s Next?

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.00 and last traded at $6.05, with a volume of 181562 shares. The stock had previously closed at $6.07.

Analysts Set New Price Targets

EBR has been the subject of a number of research analyst reports. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 0.2 %

The business has a 50-day moving average price of $6.78 and a 200-day moving average price of $6.95. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 4,019 shares in the last quarter. Signaturefd LLC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 4,867 shares in the last quarter. SG Americas Securities LLC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,642 shares in the last quarter. Finally, First Affirmative Financial Network grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% in the second quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 5,065 shares in the last quarter. 6.54% of the stock is owned by institutional investors and hedge funds.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.