Neoenergia S.A.

NEOE3

BRNEOEACNOR3

Electric Utilities

Market Closed - Sao Paulo Other stock markets 04:07:00 2024-04-26 pm EDT			5-day change	1st Jan Change
19.33 ^BRL	-0.10%		-1.23%	-9.42%

Apr. 24	Transcript : Neoenergia S.A., Q1 2024 Earnings Call, Apr 24, 2024
Mar. 14	Neoenergia S.A. launched a bid to acquire the remaining 6.89% stake in Companhia Energética do Rio Grande do Norte - COSERN (BOVESPA : CSRN3).	CI

BuyerCemig SoluÃ§Ãµes Inteligentes em Energia S.A. entered into an agreement to acquire a 51% stake in Baguari hydroelectric plant of Neoenergia from Neoenergia S.A. for â‚¬85 million.

May 30, 2023

BuyerCemig SoluÃ§Ãµes Inteligentes em Energia S.A. entered into an agreement to acquire a 51% stake in Baguari hydroelectric plant of Neoenergia from Neoenergia S.A. for â‚¬85 million on May 31, 2023. The closing of the Transaction is subject to the fulfillment of certain usual conditions precedent in this type of operations.

Latest news about Neoenergia S.A.

Transcript : Neoenergia S.A., Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
Neoenergia S.A. launched a bid to acquire the remaining 6.89% stake in Companhia Energética do Rio Grande do Norte - COSERN (BOVESPA : CSRN3).	Mar. 13	CI
Transcript : Neoenergia S.A., Q4 2023 Earnings Call, Feb 09, 2024	Feb. 09
Neoenergia S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 06	CI
Chinese firm wins Brazil power line tender to boost green energy	Dec. 15	RE
Transcript : Neoenergia S.A., Q3 2023 Earnings Call, Oct 26, 2023	23-10-26
Neoenergia S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-25	CI
Brazil's Neoenergia, Comerc to invest $99 mln in solar power generation	23-09-27	RE
BRAZIL'S ENERGY TRADING FIRM COMERC AND NEOENERGIA SEAL PARTNERS…	23-09-27	RE
Transcript : Neoenergia S.A., Q2 2023 Earnings Call, Jul 26, 2023	23-07-26
Neoenergia S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-25	CI
European Commission Clears Iberdrola-GIC Ventures Takeover of Neoenergia Transmissora	23-07-14	MT
BuyerCemig SoluÃ§Ãµes Inteligentes em Energia S.A. entered into an agreement to acquire a 51% stake in Baguari hydroelectric plant of Neoenergia from Neoenergia S.A. for â‚¬85 million.	23-05-30	CI
Brazil's Neoenergia gets $160 million in green financing from World Bank	23-05-23	RE
Brazil's Neoenergia lands $160 mln green financing from World Bank's IFC	23-05-23	RE
Transcript : Neoenergia S.A., Q1 2023 Earnings Call, Apr 26, 2023	23-04-26
Neoenergia S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-25	CI
Singaporean sovereign wealth fund GIC a fund managed by GIC Private Limited entered into an agreement to acquire 50% stake in eight transmission assets from Neoenergia S.A. for BRL 1.2 billion.	23-04-24	CI
GIC Private Limited entered into an agreement to acquire 50% stake in Eight power transmission assets in operation from Neoenergia S.A. for BRL 1.2 billion.	23-04-24	CI
Transcript : Neoenergia S.A., Q4 2022 Earnings Call, Feb 16, 2023	23-02-16
Neoenergia S.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-15	CI
Iberdrola-controlled Brazilian Group Signs Stake Swap Deals For Hydropower Plants	22-12-18	MT
Brazil's Eletrobras, Iberdrola unit swap power stakes worth $148 mln	22-12-16	RE
Transcript : Neoenergia S.A. - Special Call	22-12-15
Transcript : Neoenergia S.A., Q3 2022 Earnings Call, Oct 26, 2022	22-10-26

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Company Profile

Neoenergia S.A. specializes in the production, transmission, distribution and trading of electricity. Net sales break down by activity as follows: - electricity distribution (96%): 71,318 GWh of electricity distributed to 16.4 million residential, commercial, industrial, institutional and rural customers at the end of 2023. The group also develops an electricity transmission activity (operation of a network of 2,543 km of power lines). - electricity trading (2.4%). In addition, Neoenergia S.A. develops a thermal power generation business; - renewable energy production (1.6%). At the end of 2023, the group had 44 wind farms, 5 hydroelectric power plants and 2 solar power plants with a total installed capacity of 3,861.8 MW.

Sector

Electric Utilities

Calendar

2024-07-22 - Q2 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.33 BRL

Average target price

27.74 BRL

Spread / Average Target

+43.49%

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Other Electric Utilities

Neoenergia S.A.

Equities

NEOE3

BRNEOEACNOR3

Electric Utilities

BuyerCemig SoluÃ§Ãµes Inteligentes em Energia S.A. entered into an agreement to acquire a 51% stake in Baguari hydroelectric plant of Neoenergia from Neoenergia S.A. for â‚¬85 million.

EPS Revisions