The stock of CPFL Energia S.A. (ADR) (NYSE:CPL) hit a new 52-week high and has $18.64 target or 22.00% above today’s $15.28 share price. The 8 months bullish chart indicates low risk for the $7.86 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $18.64 price target is reached, the company will be worth $1.73B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 95,751 shares traded hands. CPFL Energia S.A. (ADR) (NYSE:CPL) has risen 60.38% since March 16, 2016 and is uptrending. It has outperformed by 54.84% the S&P500.
Analysts await CPFL Energia S.A. (ADR) (NYSE:CPL) to report earnings on November, 11.
According to Zacks Investment Research, “CPFL ENERGIA is a holding company that, through its subsidiaries, distributes, commercializes and generates energy in Brazil, standing as the largest private group in the Brazilian electric sector. Its subsidiaries are widely recognized for its excellence and sustainability of their business practices and regarded as benchmarks in management, quality and operating efficiency.”
More notable recent CPFL Energia S.A. (ADR) (NYSE:CPL) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on December 21, 2009, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Benzinga.com published: “Worst Performing Industries For August 1, 2016” on August 01, 2016. More interesting news about CPFL Energia S.A. (ADR) (NYSE:CPL) were released by: Benzinga.com and their article: “Worst Performing Industries For August 23, 2016” published on August 23, 2016 as well as Fool.com‘s news article titled: “Long-Term Opportunities in Brazilian Electric Utililites: Should You Buy?” with publication date: February 11, 2014.
CPL Company Profile
CPFL Energia S.A., incorporated on March 20, 1998, is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. The Company’s divisions include Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, Services and Other. The Firm distributes over 40,160 Gigawatt Hour (GWh) of electricity to approximately 7.8 million clients in Brazil. Through its interest in CPFL Energias Renovaveis S.A. (CPFL Renovaveis), the Company is also involved in the building of Small Hydroelectric Power Plants (SHPPs) and wind farms. The Firm is also engaged in power commercialization, buying and selling electricity to power producers, Free Consumers and power trading companies. It also provides agency services to Free Consumers before the Camara de Comercializacao de Energia Eletrica (CCEE) and other agents, as well as electricity related services.
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