Ecopetrol SA ( (EC) ) just unveiled an update.
Ecopetrol S.A. announced on April 14, 2025, that it has signed an Investment Framework Agreement with AES Colombia to develop 49% of the Jemeiwaa Ka’I wind cluster in La Guajira, Colombia. This project, which includes a portfolio of wind projects with a capacity of approximately 1,087 MW and a 35 km transmission line, marks a significant step in Ecopetrol’s renewable energy initiatives. The agreement is subject to the fulfillment of certain conditions and legal requirements, which, once met, will be publicly disclosed. This development is expected to enhance Ecopetrol’s position in the renewable energy sector and contribute to its strategic growth plans.
Spark’s Take on EC Stock
According to Spark, TipRanks’ AI Analyst, EC is a Outperform.
Ecopetrol SA exhibits strong financial performance and a compelling valuation, with a high dividend yield suggesting income potential. Operational efficiency and cash flow are strengths, though high leverage and revenue volatility pose risks. The earnings call underscored record production and environmental achievements, despite some setbacks in refining and gas production. Technical indicators suggest caution with current downward momentum in the stock price.
To see Spark’s full report on EC stock, click here.
More about Ecopetrol SA
Ecopetrol is the largest company in Colombia and a leading integrated energy company in the Americas, employing over 19,000 people. It is responsible for over 60% of Colombia’s hydrocarbon production and has significant operations in transportation, logistics, and refining systems. The company also holds a strong position in petrochemicals, gas distribution, and energy transmission, with international operations in the United States, Brazil, Mexico, and other countries in South America.
YTD Price Performance: 16.83%
Average Trading Volume: 2,937,244
Technical Sentiment Signal: Hold
Current Market Cap: $18.04B
For an in-depth examination of EC stock, go to TipRanks’ Stock Analysis page.