tiprankstipranks
Company Announcements

SPX Gestão Increases Stake in COPEL to 5.35%

Story Highlights
SPX Gestão Increases Stake in COPEL to 5.35%

Discover the Best Stocks and Maximize Your Portfolio:

The latest update is out from Companhia Paranaense de Energia Pfd ( (ELP) ).

On February 13, 2025, COPEL announced that SPX Gestão de Recursos Ltda. has increased its ownership stake in the company to 5.35% of common shares, totaling 69,554,358 common shares. This development indicates a significant investment from SPX Gestão, potentially impacting the company’s shareholder dynamics and market perception, although SPX Gestão has not engaged in any agreements regarding voting rights or securities transactions.

More about Companhia Paranaense de Energia Pfd

Companhia Paranaense de Energia, also known as COPEL, is an energy company based in Paraná, Brazil. The company operates in the energy sector, focusing primarily on the generation, transmission, and distribution of electric power. COPEL is listed on various stock exchanges, including B3, NYSE, and LATIBEX.

YTD Price Performance: 17.26%

Average Trading Volume: 279,422

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.95B

For an in-depth examination of ELP stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1