CENTRAIS ELETRI/S ADR (NYSE:EBR)
January 11th, 2019
Amidst falling markets CENTRAIS ELETRI/S ADR fell $0.02 Friday which equals a 0.24% drop, closing at $8.36. Despite the drop in price it hit a new 52 week high of $8.45. While the stock did drop today, remember that it is still trading at 166% of its 52 week low of $3.14. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.47.
EBR outperformed the rest of the Utilities sector which went down only 0.44% today.
Results from 1 analyst suggest that CENTRAIS ELETRI/S ADR might go down somewhat (-70%), while Finbox has calculated (with very high uncertainty) a fair value price of $9.66.
The market sectors were mixed Friday with a majority of the sectors trending down. Healthcare saw the biggest increase of the day (0.33%), while Energy saw the biggest drop (0.63%). Energy has seen the biggest year-to-date gain at 8.75%.
Energy and Utilities experienced turn arounds from their five day positive performance, Energy with a drop of 0.63%.
- Healthcare went up with a 0.33% change.
- Consumer Staples went up with a 0.30% change.
- Real Estate went up with a 0.24% change.
- Financials went up with a 0.17% change.
- Consumer Discretionary went down with a -0.03% change.
- Industrials went down with a -0.12% change.
- Communication Services went down with a -0.13% change.
- Information Technology went down with a -0.14% change.
- Materials went down with a -0.40% change.
- Utilities went down with a -0.44% change.
- Energy went down with a -0.63% change.
CENTRAIS ELETRI/S ADR Info
Centrais Elétricas Brasileiras S.A. – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through thermal, nuclear, wind, and hydroelectric plants. As of December 31, 2017, it owned and operated 44 hydroelectric plants and held interests in various other plants with a total installed capacity of 42,350 Megawatts (MW); 112 thermal plants, including coal, and oil and gas power generation units with an installed capacity of 2,646 MW; and 2 nuclear power plants with an installed capacity of 1,990 MW. The company also operates 71,684 kilometers of transmission lines and 6 power distributors that serve approximately 4.4 million consumers. Centrais Elétricas Brasileiras S.A. – Eletrobrás was founded in 1962 and is headquartered in Brasília, Brazil.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that CENTRAIS ELETRI/S ADR’s score is 0.47) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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