Business

Market roundup: What to expect from Eletrobras shares?

The privatization of Latin America's biggest energy company is edging ever closer, but the government is in a race against time to push it over the line

Eletrobras shares expectations Photo: Gabriel Cabral/Folhapress
Photo: Gabriel Cabral/Folhapress

This Wednesday, Brazil’s Federal Accounts Court authorized the government to privatize Eletrobras, Latin America’s biggest energy company. In response, the firm’s common stock ended the day up 3.45 percent, while class B preferred shares rose 2.54 percent. However, it remains to be seen whether this positive outlook will continue in the coming weeks and months. 

Good news. In general, analysts are optimistic regarding Eletrobras’ share price, pointing out that the company’s capitalization should revive the Brazilian equity market, after stock offerings dwindled during the first months of the year. 

  • Due to the volatility caused by the bump in U.S....

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