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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
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... 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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