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home / news releases / eletrobr xe1 s q1 2024 lower than expected but with

EBR - Eletrobrás Q1 2024: Lower Than Expected But With Dilution Of Risks

Centrais Electricas Brasileiras S A American Depositary Shares

2024-05-21 08:14:24 ET

Summary

  • Eletrobrás released 1Q24 results slightly below expectations but made advances in managing its energy balance.
  • The company continues to trade at discounted multiples compared to peers, presenting a buying opportunity.
  • Despite political pressure, 1Q24 showed that legal risks may be reducing.

Investment Thesis

I recommend buying Eletrobrás ( EBR ) shares after the 1Q24 results released on May 8th. The results were slightly below expectations, which is common in turnaround processes, however, in my opinion the company made great advances in managing its energy balance....

For further details see:

Eletrobrás Q1 2024: Lower Than Expected, But With Dilution Of Risks
Stock Information
Company Name: Centrais Electricas Brasileiras S A American Depositary Shares
Stock Symbol: EBR
Market: NYSE
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