The latest announcement is out from Companhia Paranaense de Energia Pfd ( (ELP) ).
In the fourth quarter of 2024, Copel reported an adjusted EBITDA of R$1,256.1 million, reflecting a consistent performance despite challenges such as lower energy prices and wind generation issues. The company’s net operating revenue increased by 8.1% to R$6,019.2 million compared to the same period in 2023, driven by higher revenue from electricity grid availability and sectoral financial assets, although partially offset by reduced electricity supply revenue due to lower average prices.
More about Companhia Paranaense de Energia Pfd
Companhia Paranaense de Energia, also known as Copel, is a Brazilian energy company based in Paraná. It operates in the electricity sector, focusing on generation, transmission, distribution, and commercialization of energy, with a significant market presence in Brazil.
YTD Price Performance: 17.43%
Average Trading Volume: 287,194
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.97B
See more insights into ELP stock on TipRanks’ Stock Analysis page.