NRPICKS_

BUY $EBR - NRPicks Ene 10

Long
NYSE:EBR   Centrais Electricas Brasileiras S A
Centrais Elétricas Brasileiras S.A. - Eletrobras, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind and solar plants. As of December 31, 2019, it owned and operated 35 hydroelectric plants with a total installed capacity of 46,258.65 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,770 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts. It also operates 64,138 kilometers of transmission lines. The company was founded in 1962 and is headquartered in Rio de Janeiro, Brazil.

Fundamentals:
Current price $6.56 vs 26.59 fair value (75% below)
P/E 5.4x vs 19.4x Industry
P/B 0.7x vs 1.8x Industry
+11.4% estimated earnings growth for the next 3 years
ROE 12.9% vs 9% industry
Dividend return +4.96% (42% Payout)
Debt/Ebitda: 3x

Technical:
Ma 150 support
RSI 44
Accumulation zone (Vol above average)



Trade closed: stop reached: Stop reached to 6.20 (Jan 21'21)

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