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Companhia Energetica Minas Gerais ADR Repstg One Pref Shs CIG

Alternate Symbol(s):  CIG.C

Utilities Utilities - Diversified
Energy of Minas Gerais Co is a Brazil-based holding company. The Company operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Minas Gerais. The main operational segment is distribution of electrical energy, followed by electric energy commercialization, gas distribution, electric energy generation, and electric energy transmission. Constituted to operate in the commercialization of electric power and as holding company, with interests in subsidiaries or jointly controlled entities, whose objectives are: construction and operation of systems for generation, transformation, transmission, distribution and sale of energy, and also activities in the various fields of energy sector, including gas distribution, provision of distributed generation services and energy efficiency solutions, for the purpose of commercial operation.


NYSE:CIG - Post by User

Companhia Energetica Minas Gerais ADR Repstg One Pref Shs
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Post by jenkinjton May 21, 2022 6:43am
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Post# 34700158

Why The Drop ??!!

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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