Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Gap Up – Should You Buy?

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) gapped up before the market opened on Friday . The stock had previously closed at $5.68, but opened at $5.82. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $5.76, with a volume of 43,177 shares.

Analyst Upgrades and Downgrades

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

The firm has a 50 day moving average price of $6.27 and a 200-day moving average price of $6.78. The stock has a market capitalization of $13.32 billion, a PE ratio of 8.27, a PEG ratio of 1.90 and a beta of 1.07. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock valued at $68,000 after buying an additional 1,685 shares in the last quarter. SG Americas Securities LLC lifted its stake 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 worth $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 during the last quarter. Metis Global Partners LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 3,934 shares during the period. Finally, Blue Trust Inc. increased its holdings 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 worth $37,000 after buying an additional 4,019 shares during the last quarter. 2.64% of the stock is currently owned by institutional investors and hedge funds.

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.