Petrobras Partners with Lightsource bp for Renewable Energy Expansion in Brazil

The latest update is out from Petroleo Brasileiro SA- Petrobras ( (PBR) ).

On December 16, 2025, Petrobras announced a strategic partnership with Lightsource bp to form a joint venture in Brazil’s onshore renewable energy sector. This collaboration involves Petrobras acquiring a 49.99% stake in Lightsource bp’s Brazilian subsidiaries, aiming to develop profitable renewable energy projects and strengthen their presence in the sector. This move marks a significant step for Petrobras into solar power generation, aligning with its Business Plan 2026-2030 to diversify its energy portfolio and commit to sustainability. The deal is pending regulatory approvals, and its financial impact on Petrobras is not considered materially significant at this stage.

The most recent analyst rating on (PBR) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Petroleo Brasileiro SA- Petrobras stock, see the PBR Stock Forecast page.

Spark’s Take on PBR Stock

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

Petrobras scores well due to its strong financial performance and attractive valuation, particularly its low P/E ratio and high dividend yield. However, technical analysis indicates some bearish momentum, which could pose short-term risks.

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

More about Petroleo Brasileiro SA- Petrobras

Petrobras, formally known as Petróleo Brasileiro S.A., is a Brazilian multinational corporation in the petroleum industry. It focuses on the exploration, production, refining, and distribution of oil and gas. Recently, the company has been expanding its operations into the renewable energy sector, aligning with global trends towards sustainable energy solutions.

Average Trading Volume: 22,137,383

Technical Sentiment Signal: Hold

Current Market Cap: $76.73B

See more insights into PBR stock on TipRanks’ Stock Analysis page.