EBR - Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one): The Winning Streak Continues (EBR)
Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) (NYSE:EBR) traded at a new 52-week high today of $8.34. Approximately 291,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
In the past 52 weeks, Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) share prices are bracketed by a low of $4.69 and a high of $8.34 and is now at $8.27, 76% above that low price.
Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one) (NYSE:EBR) is currently priced 5.0% above its average consensus analyst price target of $7.85.
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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