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Copel Discloses Partial Stake Sale by BNDES, Major Shareholder Now Holds 19.9%

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Copel Discloses Partial Stake Sale by BNDES, Major Shareholder Now Holds 19.9%

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Companhia Paranaense de Energia Sponsored ADR ( (ELPC) ) just unveiled an announcement.

Companhia Paranaense de Energia – Copel, a Brazilian power utility focused on generation, transmission and distribution in the state of Paraná, is listed on B3 under CPLE3, on the NYSE under ELPC and on Latibex under XCOPO. Its diversified listings reinforce its profile as a key regional energy provider with global investor access.

On March 10, 2026, Copel was notified by BNDES Participações S.A. that it had sold part of its stake in the company in trades on B3 between February 5 and March 10, 2026, leaving BNDES with 593,481,610 common shares, or about 19.90% of Copel’s capital. The disposal marks a partial reduction of a major shareholder’s position, potentially increasing the company’s free float and altering its shareholder concentration, with implications for market liquidity and governance dynamics.

The most recent analyst rating on (ELPC) stock is a Hold with a $12.50 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 Outperform.

Overall score is driven by strong technical momentum and supportive valuation/income profile. Offsetting this is a middling financial-quality picture, where rising leverage and weak/volatile operating cash conversion temper confidence, while earnings-call guidance remains positive but acknowledges meaningful near-term cost and hydrology pressures.

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 electric utility based in Curitiba, Paraná, operating in power generation, transmission and distribution. The company serves the state of Paraná and is listed on B3 in Brazil, the NYSE and Latibex, giving it access to both domestic and international capital markets.

Average Trading Volume: 195,225

Technical Sentiment Signal: Buy

Current Market Cap: $8.54B

For an in-depth examination of ELPC stock, go to TipRanks’ Overview page.

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