Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Stock Price Up 4.4% - Should You Buy?

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report)'s stock price rose 4.4% during trading on Thursday . The company traded as high as $5.74 and last traded at $5.73. Approximately 1,839,682 shares were traded during trading, an increase of 83% from the average daily volume of 1,006,462 shares. The stock had previously closed at $5.49.

Analyst Ratings Changes

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

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Up 3.5 %

The firm has a market cap of $13.07 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.90 and a beta of 1.07. The business's 50-day moving average is $6.27 and its two-hundred day moving average is $6.78. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. - Eletrobrás

Institutional investors have recently made changes to their positions in the stock. Beck Bode LLC grew its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1,444.6% during the second quarter. Beck Bode LLC now owns 1,766,440 shares of the utilities provider's stock worth $11,358,000 after acquiring an additional 1,652,075 shares during the last quarter. Millennium Management LLC boosted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 228.9% during the 2nd quarter. Millennium Management LLC now owns 1,580,932 shares of the utilities provider's stock valued at $10,165,000 after purchasing an additional 1,100,233 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the 3rd quarter worth about $4,338,000. Van ECK Associates Corp raised its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.8% during the third quarter. Van ECK Associates Corp now owns 503,475 shares of the utilities provider's stock valued at $3,358,000 after buying an additional 8,975 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 395,550 shares of the utilities provider's stock worth $2,543,000 after buying an additional 26,010 shares in the last quarter. 2.64% of the stock is 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.