Stock in Focus: Companhia Paranaense de Energia – COPEL (NYSE: ELP)

CURITIBA, Brazil, November 19, 2019 – Shares of Companhia Paranaense de Energia – COPEL (NYSE: ELP) inclined 2.58% to $14.32. The stock grabbed the investor’s attention and traded 247.873K shares as compared to its average daily volume of 441.07K shares. The stock’s institutional ownership stands at 29.10%.

Companhia Paranaense de Energia – Copel (NYSE: ELPVY) recorded EBITDA of R$947.00M, in 2Q19 13.3% higher than the R$836.00M recorded in 2Q18, mainly explained by (i) the 2.3% increase in the volume of electricity sales to final customers, notably the 17.7% increase in industrial free market of Copel GeT and Copel Com, (ii) the revenue from the CCEAR of Baixo Iguaçu, Colíder and Cutia contracts, (iii) the 1.4% increase in Copel Distribuição’s grid market volume, and (iv) the 15.9% reduction in costs with “electricity purchased for resale” due to the higher GSF in the period (92.9% in 2Q19 compared to 80.6% 2Q18) and lower average PLD (R$131.37 in 2Q19 compared to R$302.68 in 2Q18).

EBITDA in 2Q19, adjusted for non-recurring items, reached R$1,025.00M, an increase of 29.6% compared to 2Q18 (R$790.80M).

ELP has a market value of $3.92B while its EPS was booked as $1.56 in the last 12 months. The stock has 273.53M shares outstanding. In the profitability analysis, the company has gross profit margin of 27.20% while net profit margin was 11.60%. Beta value of the company was 0.46; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.

Leave a Reply

Your email address will not be published. Required fields are marked *