Profile
Sector:
UtilitiesIndustry:
DiversifiedCountry:
BrazilIPO:
03 June 1998Website:
http://www.copel.comNext earnings report:
14 August 2024Last dividends:
02 May 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 19:22:01 GMTAnalysts recommendations
Institutional Ownership
ELP Latest News
COPEL's transition to privatization has resulted in significant growth, with shares increasing by over 50% in the past year. Despite initial reservations, the company's improved operational efficiency and positive cash flow post-privatization justify upgrading the recommendation from neutral to buy. In Q4 2023, ELP reported impressive results, including a 10% increase in EBITDA and doubled annual profit, showcasing its resilience and potential for future growth.
Copel's successful privatization has led to increased share value, driven by the potential for improved efficiency and profitability through private ownership. While the outlook is positive, the rapid share price appreciation and high valuation raise caution, especially if leverage remains high. Careful consideration is advised when considering investments in Copel's shares due to potential valuation adjustments.
Paranaense de Energia (ELP) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Paranaense de Energia (ELP) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Brazilian utility company COPEL is expected to undergo equity restructuring, potentially leading to the State of Paraná losing control and reducing its equity to around 10%. Dividend distribution will probably decrease until 2024, but the yield will still be satisfactory at current price levels. Despite trading at historically high multiples, COPEL's share price still has potential upside in the medium term, and long-term operational efficiency could bring higher returns for investors.
What type of business is Companhia Paranaense de Energia - COPEL?
Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments. It is also involved in the piped natural gas distribution. As of December 31, 2021, the company operated 20 hydroelectric plants, 30 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,957 megawatts; and owned and operated 3,638 km of transmission lines and 204,957 km of distribution lines. It holds concessions to distribute electricity in 394 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
What sector is Companhia Paranaense de Energia - COPEL in?
Companhia Paranaense de Energia - COPEL is in the Utilities sector
What industry is Companhia Paranaense de Energia - COPEL in?
Companhia Paranaense de Energia - COPEL is in the Diversified industry
What country is Companhia Paranaense de Energia - COPEL from?
Companhia Paranaense de Energia - COPEL is headquartered in Brazil
When did Companhia Paranaense de Energia - COPEL go public?
Companhia Paranaense de Energia - COPEL initial public offering (IPO) was on 03 June 1998
What is Companhia Paranaense de Energia - COPEL website?
https://www.copel.com
Is Companhia Paranaense de Energia - COPEL in the S&P 500?
No, Companhia Paranaense de Energia - COPEL is not included in the S&P 500 index
Is Companhia Paranaense de Energia - COPEL in the NASDAQ 100?
No, Companhia Paranaense de Energia - COPEL is not included in the NASDAQ 100 index
Is Companhia Paranaense de Energia - COPEL in the Dow Jones?
No, Companhia Paranaense de Energia - COPEL is not included in the Dow Jones index
When does Companhia Paranaense de Energia - COPEL report earnings?
The next expected earnings date for Companhia Paranaense de Energia - COPEL is 14 August 2024