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An update from Centrais Elc Braz Pfb B Elbras ( ($EBR.B) ) is now available.
AXIA Energia, a Brazilian electric power company, has announced the acquisition of 100% of the shares of Juno Participações e Investimentos S.A., the controlling shareholder of Tijoá Energia, for R$247 million. This acquisition consolidates AXIA Energia’s ownership of the Três Irmãos Hydroelectric Plant, which has an installed capacity of 808 MW and recorded significant revenues in 2024. The transaction resolves ongoing disputes and aligns with AXIA Energia’s strategic goals of optimizing its portfolio and simplifying its structure.
The most recent analyst rating on ($EBR.B) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Centrais Elc Braz Pfb B Elbras stock, see the EBR.B Stock Forecast page.
Spark’s Take on EBR.B Stock
According to Spark, TipRanks’ AI Analyst, EBR.B is a Outperform.
The overall stock score of 75 reflects strong financial performance and positive technical indicators. The earnings call provided confidence in the company’s strategic direction, despite some valuation concerns. The attractive dividend yield further supports the stock’s appeal.
To see Spark’s full report on EBR.B stock, click here.
More about Centrais Elc Braz Pfb B Elbras
Average Trading Volume: 14,741
Technical Sentiment Signal: Buy
Current Market Cap: $23.56B
For a thorough assessment of EBR.B stock, go to TipRanks’ Stock Analysis page.