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

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares reached a new 52-week low on Friday . The company traded as low as $5.56 and last traded at $5.56, with a volume of 22154 shares traded. The stock had previously closed at $6.01.

Analyst Upgrades and Downgrades

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $6.62 and a 200 day moving average of $6.91.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Affirmative Financial Network increased its holdings in shares of 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 worth $127,000 after purchasing an additional 5,065 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% during the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,284 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% during the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 4,019 shares during the last quarter. Signaturefd LLC grew its holdings in shares of 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. Finally, Van ECK Associates Corp increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% in the second quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock worth $3,180,000 after purchasing an additional 257,613 shares during the last quarter. 6.54% of the stock is currently owned by institutional investors.

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.