EBR - Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) Looks to Continue to Trade Above its Annual-High Share Price Today

Shares of Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) (NYSE:EBR) traded today at $8.98, eclipsing its 52-week high. So far today approximately 201,000 shares have been exchanged, as compared to an average 30-day volume of 864,000 shares.

Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) (NYSE:EBR) is currently priced 11.6% above its average consensus analyst price target of $7.93.

Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) share prices have moved between a 52-week high of $8.98 and a 52-week low of $4.69 and are now trading 91% above that low price at $8.97 per share.

Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the sale of electricity to distribution companies and free consumers. About half of Eletrobras' electricity sales are made using free market agreements, while the other half are completed through auctions and contracts.

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