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Companhia Paranaense de Energia Pfd ( (ELP) ) has provided an update.
In the fourth quarter of 2024, Copel’s grid market experienced a notable 4.7% growth in electricity consumption compared to the same period the previous year. This increase was driven by heightened economic activity and a higher consumption pattern among its customer base. Additionally, the billed grid market, which includes energy from Mini and Micro Distributed Generation, saw a 2.5% rise during the quarter. These developments suggest a robust operational performance for Copel, enhancing its industry positioning and potentially benefiting its stakeholders.
More about Companhia Paranaense de Energia Pfd
Companhia Paranaense de Energia, also known as Copel, is an energy company based in Curitiba, Paraná, Brazil. It operates in the energy sector with a focus on electricity distribution, generation, and commercialization. The company is listed on several stock exchanges including B3, NYSE, and LATIBEX, and is a key player in the Brazilian energy market.
YTD Price Performance: 12.69%
Average Trading Volume: 289,307
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.72B
For a thorough assessment of ELP stock, go to TipRanks’ Stock Analysis page.
