Companhia Paranaense de Energia Pfd (ELP) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Companhia Paranaense de Energia reported a 5.7% increase in adjusted EBITDA for the second quarter of 2024, driven by higher temperatures and tariff adjustments, despite challenges from a reduction in wind energy generation and lower average energy prices. The company’s net operating revenue rose by 7.4%, reflecting growth in the billed grid market and increased construction revenue related to infrastructure improvements. However, operating costs and expenses also increased by 7.1%, primarily due to higher costs for purchased electricity and grid charges.
For further insights into ELP stock, check out TipRanks’ Stock Analysis page.