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Brazilian Electric Power Co  (EBR)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $8.2300 $-0.36 -4.191%
Day's High: $8.63 Week Perf: -6.16 %
Day's Low: $ 8.23 30 Day Perf: -4.3 %
Volume (M): 926 52 Wk High: $ 9.11
Volume (M$): $ 7,620 52 Wk Avg: $7.67
Open: $8.61 52 Wk Low: $5.67



 Market Capitalization (Millions $) 16,622
 Shares Outstanding (Millions) 2,020
 Employees -
 Revenues (TTM) (Millions $) 6,474
 Net Income (TTM) (Millions $) 691
 Cash Flow (TTM) (Millions $) 37
 Capital Exp. (TTM) (Millions $) 301

Brazilian Electric Power Co
Brazilian Electric Power Co, also known as Eletrobras, is a state-owned electric power company that was founded in 1962. The company operates in the electrical energy sector, and it generates, transmits, and distributes energy throughout Brazil.

Eletrobras is the largest electric power company in Brazil and one of the largest in Latin America. The company has a total installed capacity of 47,000 megawatts, which amounts to approximately one-third of the country's total electricity generation. Eletrobras owns and operates 47 hydroelectric power plants, 115 thermoelectric plants, 5 nuclear plants, and several wind and solar power projects.

The company's transmission system consists of 74,000 kilometers of transmission lines and 214 substations. It has a national transmission grid that connects all of Brazil's regions and is integrated with the power systems of neighboring countries. Eletrobras also owns and operates the largest electricity distribution network in Brazil, serving 17 states and over 70 million people.

Eletrobras is committed to sustainable development and has implemented several projects aimed at reducing greenhouse gas emissions and promoting renewable energy. The company has invested in wind and solar power projects and is working to increase the share of renewable energy in its generation mix.

The Brazilian government is the majority shareholder of Eletrobras, owning approximately 60% of the company's shares. The company is listed on the Brazilian stock exchange and has a market capitalization of approximately $12 billion.

Eletrobras is a major player in the Brazilian electricity sector and plays an important role in ensuring that the country has a reliable and sustainable power supply. The company is committed to investing in the modernization of its infrastructure and to promoting the use of renewable energy sources.


   Company Address: Rua da Quitanda 196, Rio de Janeiro 20091
   Company Phone Number: 2514-6435   Stock Exchange / Ticker: NYSE EBR
   EBR is expected to report next financial results on April 19, 2024.


   

Stock Performances by Major Competitors

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Genie Energy Ltd

Genie Energy Ltd Faces Share Price Decline Despite Revenue Growth in Q4 2023

Genie Energy Ltd, a leading energy company, has experienced a significant drop in its share prices over the past three months. During March 2024 alone, GNE shares fell by 3.1%, and overall, they have dropped by 20.13% in the past quarter. Despite these declines, Genie Energy Ltd shares are currently trading on the NYSE at 7.5% above its 52-week average.
One of the main factors contributing to the drop in share prices is the company's performance during the fourth quarter of 2023 earnings season. Genie Energy Ltd reported a shortfall of $-0.97 per share, a significant decrease compared to $0.58 per share a year ago. Furthermore, EPS fell from $0.53 per share from the prior quarter. However, it is important to note that the company's revenue grew strongly by 72.853% to $104.92 million from $60.70 million in the similar quarter a year ago.
It is worth mentioning that while Genie Energy Ltd's top-line rose faster than most of its industry peers in the Electric Utilities sector, there was a significant decrease in revenue sequentially, falling by -16.097% from $125.05 million. Additionally, Genie Energy Ltd reported a net shortfall of $-23.651 million for the fourth quarter of 2023, as opposed to net earnings of $16.851 million in the similar quarter a year before.

Altus Power Inc

Altus Power Inc Achieves Impressive 27.754% Revenue Increase in Q4 20232.

Altus Power Inc, the largest commercial scale provider of clean, electric power, recently announced its financial results for the fourth quarter and full year 2023. Despite a surge in revenue of 27.754% to $34.19 million in the October to December 31 fiscal time-frame, the company slipped into a deficit of $-0.17 per share. AMPSs' top-line growth in the fourth quarter of 2023 compares favorably to its Electric Utilities industry peers, who only achieved a 0.62% revenue improvement during the same period.
Sequentially, earnings per share fell from $0.03 per share, and revenue declined by -24.151% from $45.08 million. However, Altus Power Inc is pairing its high momentum with improving consumer costs and its current expertise. During the October to December 31 fiscal time-frame, Altus Power Inc recorded a net deficit of $-39.964 million, compared to earnings of $67.086 million in the same quarter a year prior.
While the accounts receivable have declined to $17.1 million from the previous quarter, they remain higher than during the same period last year. For the financial twelve months of 2023, Altus Power Inc reports a net loss of $-25.97 million and revenue of $155.16 million. The company's EPS dropped from $0.35 in the preceding financial year to $-0.06 in proportion. However, revenue surged by 53.38% from $101.16 million a year ago.
Looking ahead, Altus Power Inc is expected to report its next financial earnings on March 29, 2024. Despite the financial results, Lars Norell, co-CEO of Altus Power, remains optimistic about the company's performance, stating that 2023 was another record-breaking year for Altus, with revenue, adjusted EBITDA, customer additions, and asset growth reaching new highs.

Brookfield Renewable Corporation

Brookfield Renewable Corporation's Bold Move Raises Eyebrows in the Renewable Energy Sector



Brookfield Renewable Corporation, a global leader in renewable energy, has recently announced the renewal of its normal course issuer bids, demonstrating its commitment to increasing shareholder value and showcasing confidence in the future growth potential of the renewable energy sector. However, despite these positive actions, the company's recent financial results raise concerns about its performance and potential challenges ahead.
Share Price Performance:
Over the past three months, Brookfield Renewable Corporation's stock has experienced a significant decline of -8.78%. Similarly, over the past 30 days, the stock has decreased by -6.53%. Furthermore, the stock is currently trading just 11.1% above its 52-week low. These figures indicate a downward trend in investor confidence, potentially driven by the company's recent financial performance.

Hawaiian Electric Industries Inc

Hawaiian Electric Industries Inc sees mixed results in 2023 financials and Q1 2024 earnings



The financial results of Hawaiian Electric Industries Inc for the year 2023, as well as the first quarter of 2024, paint a mixed picture. While the company saw some declines in income and revenue, it also experienced growth in sequential earnings per share (EPS). Understanding the repercussions of these financial outcomes is crucial to gain insights into how Hawaiian Electric Industries Inc may perform in the future.
Revenue and Income:
Hawaiian Electric Industries Inc faced a decrease in revenue by -6.157% to $956.37 million in the closing quarter of December 31, 2023, compared to the previous year. Sequentially, the revenue saw growth of 6.043% from $901.87 million. Similarly, the company's income fell by -15.39% to $0.44 per share, indicating a decline in profitability.

Ameren Corporation

AEE Faces Tough Financial Times: Revenue Plummets by -20.919% in Q4 2023

The financial results reported by Ameren Corporation for the most recent fiscal period paint a mixed picture for the company. While earnings and revenue have seen declines compared to previous periods, there are also positive indicators such as improving profit margins and a significant increase in the quarterly cash dividend.
The decrease in earnings and revenue could be attributed to various factors, including a challenging economic environment, seasonal fluctuations in demand, and potentially slowing growth in the industry. However, Ameren Corporation has managed to maintain a relatively strong net margin of 9.83% and operating margin of 16.32%, indicating efficient cost management and profitability.






 

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