Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Companhia Energetica Minas Gerais ( (CIG) ) just unveiled an announcement.
Cemig reported a significant year-on-year increase in its net profit for the second quarter of 2024, achieving a 35.59% rise to R$1.688 billion compared to R$1.245 billion in the same period of the previous year. This strong performance across its various segments, particularly in distribution, reflects Cemig’s robust financial health and operational efficiency, indicating positive implications for stakeholders as it strengthens its position in the Brazilian energy sector.
More about Companhia Energetica Minas Gerais
Companhia Energética de Minas Gerais (Cemig) is a prominent energy company based in Brazil, operating primarily in the generation, transmission, trading, and distribution sectors of electricity, as well as in the gas sector. It focuses on providing energy solutions and services within the Brazilian market.
Average Trading Volume: 2,195,492
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.58B
Find detailed analytics on CIG stock on TipRanks’ Stock Analysis page.
