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Bullboard - Stock Discussion Forum Companhia Energetica Minas Gerais ADR Repstg One Pref Shs CIG

Alternate Symbol(s):  CIG.C

Utilities Utilities - Diversified
Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company engaged in the energy sector. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and photovoltaic plant. The electric power... see more

NYSE:CIG - Post Discussion

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs > Why The Drop ??!!
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Post by jenkinjt on May 21, 2022 6:43am

Why The Drop ??!!

Is there something going on here below the surface? Most power comes from hydro. Is the price of fossil fuels affecting the bottom line? Customers going bankrupt? Brazil more unstable?... seems like a reasonably well run company. Please pass on info if anyone aware please... Thanks
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