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Copel Board Sees Resignation of Independent Director Augusto Baião

Story Highlights
  • Brazilian utility Copel announced the January 7, 2026 resignation of independent director Augusto Baião.
  • Copel will follow internal governance rules to recompose its board after Baião’s departure for external roles.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Copel Board Sees Resignation of Independent Director Augusto Baião

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The latest announcement is out from Companhia Paranaense de Energia Sponsored ADR ( (ELPC) ).

On January 7, 2026, Copel received and accepted the resignation of Augusto Cezar Tavares Baião as an independent member of its Board of Directors, effective the same day, following his decision to take on new professional responsibilities outside the Copel group. Baião, who had served on the board since April 2025, leaves with the company’s public acknowledgment of his contributions, and Copel has stated it will undertake the necessary governance procedures to reconstitute the board in line with its bylaws and applicable regulations, signaling a routine but notable change in its leadership structure for investors and other stakeholders.

The most recent analyst rating on (ELPC) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Companhia Paranaense de Energia Sponsored ADR stock, see the ELPC Stock Forecast page.

Spark’s Take on ELPC Stock

According to Spark, TipRanks’ AI Analyst, ELPC is a Neutral.

The score is driven primarily by solid financial performance (steady growth, strong operating margins, and strong free-cash-flow growth). Valuation is supportive due to the high dividend yield. Offsetting these positives are mixed-to-weak technical momentum signals and earnings-call risks tied to lower net income and higher financial costs, despite healthy EBITDA and leverage control.

To see Spark’s full report on ELPC stock, click here.

More about Companhia Paranaense de Energia Sponsored ADR

Companhia Paranaense de Energia – Copel is a Brazilian energy utility based in Curitiba, Paraná, operating in the generation, transmission and distribution of electricity. Its shares are listed in Brazil (B3), the United States (NYSE) and on Latibex, reflecting a focus on both domestic and international capital markets.

Average Trading Volume: 27,563

Technical Sentiment Signal: Buy

Current Market Cap: $6.88B

For detailed information about ELPC stock, go to TipRanks’ Stock Analysis page.

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