Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Hits New 1-Year Low – What’s Next?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares hit a new 52-week low during trading on Friday . The stock traded as low as $5.56 and last traded at $5.56, with a volume of 22154 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com raised 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 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 Price Performance

The stock has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $6.92. 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

A number of institutional investors have recently added to or reduced their stakes in EBR. Blue Trust Inc. lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock valued at $37,000 after buying an additional 4,019 shares during the last quarter. Signaturefd LLC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in 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 during the last quarter. SG Americas Securities LLC increased 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 valued at $93,000 after purchasing an additional 2,284 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% during the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,642 shares during the last quarter. Finally, First Affirmative Financial Network boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% during the second quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,065 shares during the period. 6.54% of the stock is currently owned by institutional investors.

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.