Centrais Eletricas Brasileiras SA logo

Centrais Eletricas Brasileiras SA - ADR

FRA:L3XB (Brazil)   ADR
€ 6.70 (-0.74%) Apr 18
28.26
P/B:
0.76
Market Cap:
€ 15.08B ($ 16.07B)
Enterprise V:
€ 22.79B ($ 24.28B)
Volume:
-
Avg Vol (2M):
-
Also Trade In:

Business Description

Description
Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the administration segment. About half of Eletrobras' electricity sales are made using free market agreements, while the other half is completed through auctions and contracts.