The stock of Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR) is a huge mover today! The stock is up 5.93% or $0.08 after the news, hitting $1.43 per share. About 278,412 shares traded hands. Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR) has declined 49.44% since April 29, 2015 and is downtrending. It has underperformed by 49.24% the S&P500.
The move comes after 6 months positive chart setup for the $1.47B company. It was reported on Dec, 2 by Barchart.com. We have $2.13 PT which if reached, will make NYSE:EBR worth $720.30M more.
According to Zacks Investment Research, “CENTRAIS ELETRICAS BRASILEIRAS S.A. is a Brazil-based company that is principally engaged in the electric utilities industry. The Company specializes in the developing, financing, construction and operation of electric power plants, as well as generation, transmission and distribution of nuclear, hydroelectric and fossil fuel electric power. The Company has a number of subsidiaries engaged in the generating and distributing of electric power. It operates 57,261 kilometers of transmission lines, 29 hydroelectric plants, 15 thermoelectric and two nuclear plants.” Get a free copy of the Zacks research report on Centrais Eletricas Brasileiras SA (ADR) (EBR).
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