Price Action Don’t Lie: What Next for Companhia Paranaense de Energia (ADR) Stock After Today’s Huge Increase?

Price Action Don't Lie: What Next for Companhia Paranaense de Energia (ADR) Stock After Today's Huge Increase?

The stock of Companhia Paranaense de Energia (ADR) (NYSE:ELP) is a huge mover today! About 458,472 shares traded hands. Companhia Paranaense de Energia (ADR) (NYSE:ELP) has risen 66.37% since March 15, 2016 and is uptrending. It has outperformed by 60.88% the S&P500.
The move comes after 9 months positive chart setup for the $2.60B company. It was reported on Oct, 18 by We have $14.74 PT which if reached, will make NYSE:ELP worth $676.00M more.

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: which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also with their article: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” published on February 11, 2014, published: “Mid-Afternoon Market Update: Dow Rises More Than 200 Points; Lexmark Shares …” on September 30, 2016. More interesting news about Companhia Paranaense de Energia (ADR) (NYSE:ELP) were released by: and their article: “5 Electric Utilities Stocks to Buy Now” published on August 26, 2016 as well as‘s news article titled: “9 Electric Utilities Stocks to Buy Now” 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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