Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Upgraded by Hsbc Global Res to Strong-Buy

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was upgraded by research analysts at Hsbc Global Res to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks.com reports.

Separately, StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of EBR opened at $6.70 on Tuesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a fifty-two week low of $6.21 and a fifty-two week high of $9.11. The firm has a market capitalization of $15.41 billion, a PE ratio of 8.47, a PEG ratio of 2.11 and a beta of 1.09. The company’s 50-day moving average is $7.32 and its 200-day moving average is $7.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.35 and a quick ratio of 2.33.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. The company had revenue of $1.61 billion for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. Equities analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its position in shares of 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 buying an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,642 shares in the last quarter. Blue Trust Inc. lifted 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 period. Signaturefd LLC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% during the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 4,867 shares in the last quarter. Finally, First Affirmative Financial Network raised 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. Institutional investors and hedge funds own 6.54% of the company’s stock.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.