The stock of Companhia Paranaense de Energia (ADR) (NYSE:ELP) is a huge mover today! The stock decreased 2.17% or $0.23 on September 30, hitting $10.37. About 1.31M shares traded hands or 158.91% up from the average. Companhia Paranaense de Energia (ADR) (NYSE:ELP) has risen 80.35% since February 29, 2016 and is uptrending. It has outperformed by 69.92% the S&P500.
The move comes after 5 months negative chart setup for the $2.28B company. It was reported on Oct, 1 by Barchart.com. We have $9.85 PT which if reached, will make NYSE:ELP worth $114.00M less.
Analysts await Companhia Paranaense de Energia (ADR) (NYSE:ELP) to report earnings on November, 10.
According to Zacks Investment Research, “Companhia Paranaense de Energia is involved in the Utilities Industry. They are a fully integrated electric power company that is involved in the generation, distributionand transmission of electricity.”
More notable recent Companhia Paranaense de Energia (ADR) (NYSE:ELP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Benzinga.com with their article: “Mid-Afternoon Market Update: Dow Rises More Than 200 Points; Lexmark Shares …” published on September 30, 2016, Benzinga.com published: “Mid-Morning Market Update: Markets Open Lower; Target Cuts Profit Outlook” on August 17, 2016. More interesting news about Companhia Paranaense de Energia (ADR) (NYSE:ELP) were released by: Fool.com and their article: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” published on February 11, 2014 as well as Benzinga.com‘s news article titled: “Mid-Morning Market Update: Markets Open Lower; Kroger Lowers FY Forecast” with publication date: September 09, 2016.
ELP Company Profile
Companhia Paranaense de Energia – Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The Firm also provides telecommunications and other services. The Company’s divisions include Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL). The Company’s GET segment includes the generation of electric energy from hydraulic, wind and thermal projects; the transport and transformation of the power generated by the Company, and the construction, operation and maintenance of all power transmission substations and lines. The Company’s DIS segment includes the distribution and sale of electric energy, the operation and maintenance of the distribution infrastructure, and related services. The Company’s TEL segment includes telecommunications and general communications services. The Company’s GAS segment includes the public service of piped natural gas distribution. The Company’s HOL segment includes participation in other companies.
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