CPFL Energia S.A. (CPL) - NYSE
  • Wed, Jun. 22, 3:13 PM
    • China's State Grid Corp., the world’s largest utility, is in talks to buy a minority stake in Brazilian power distributor CPFL Energia (CPL +0.4%), Bloomberg reports.
    • State Grid is in talks to purchase some or all of Camargo Correa’s 23.6% stake in CPFL, according to the report; based on CPFL’s market value of 21.1B reais ($6.3B), the entire stake could be valued at ~$1.5B, not including any premium paid by the acquirer.
    • State Grid already operates in Brazil, running 6K km of transmission lines, and in April the company won the largest portion of an auction of transmission lines in Brazil, gaining ~1K kms.
    | Wed, Jun. 22, 3:13 PM
  • Thu, Jun. 16, 8:04 AM
    • AES Corp. (NYSE:AES) agrees to sell its entire equity interest in AES Sul, one of its utilities in Brazil, to CPFL Energia (NYSE:CPL) for nearly 1.7B reais ($464M).
    • AES says the sale of the Brazil distribution company is "yet another step we are taking to optimize our portfolio for future value creation."
    • The sale already was included in AES’s 2016 guidance.
    | Thu, Jun. 16, 8:04 AM | 2 Comments
  • Tue, May 31, 7:37 AM
    • Brazil Transparency Minister Silveira, whose job is to fight corruption, resigned yesterday after leaked recordings indicated he tried to subvert the government's corruption probe.
    • In the recordings, Silveira criticizes prosecutors in the Operation Car Wash probe focused on Petrobras (NYSE:PBR), which has implicated dozens of politicians and led to the imprisonment of top executives, and advises the president of the Senate on how to dodge the investigations.
    • Last week, the Planning Minister took a leave of absence after another recording appeared to catch him talking about the need to slow down the investigations.
    • Relevant tickers: BBD, BSBR, ITUB, GOL, VALE, EBR, CPL, CIG, ERJ
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, May 31, 7:37 AM | 22 Comments
  • Fri, May 13, 12:49 AM
    • CPFL Energia (NYSE:CPL): Q1 net income of R$236M.
    • Revenue of $6.38B (-0.8% Y/Y).
    • Press Release
    | Fri, May 13, 12:49 AM
  • Thu, May 12, 12:07 PM
    • Expecting reforms under Michel Temer, who will be taking over for President Rousseff while she is put on trial, Morgan Stanley sees "clarity about the policy path over the next few quarters," and thus lower inflation, lower interest rates, and higher stock prices.
    • The team predicts economic contraction of 3.8% this year - steep, but not as bad as its previous -4.3% estimate. Growth should return in 2017 and get even stronger as a stronger currency and lower inflation expectations allow the central bank to cut rates.
    • "Brazil is one of our strongest conviction calls. In equities," and their favorite pick is CPFL Energia (NYSE:CPL).
    • The Bovespa has turned marginally higher on the session, and EWZ is down 1%.
    • Previously: Senate majority backs Rousseff impeachment (May 12)
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, May 12, 12:07 PM | 5 Comments
  • Wed, Mar. 23, 6:56 PM
    • Shares in Brazil tumbled today after construction giant Odebrecht agreed to cooperate with corruption investigators in exchange for leniency.
    • As reported by Barron's Dimitra DeFotis, Eurasia Group says the plea agreement from Odebrecht is an important signpost in potentially incriminating Pres. Rousseff, and now expects impeachment by late April or early May.
    • The Economist doubts Rousseff can survive past next month, remarking that by naming Lula da Silva as her new chief of staff, she “put the interest of her political tribe above the rule of law."
    • In today's U.S. trade: PBR -7.1%, PBR -5.8%, VALE -9.4%, BBD -5.9%, ITUB -5.7%, BSBR -2.5%, EBR -5.7%, CPL -5.1%, CIG -4.9%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Mar. 23, 6:56 PM | 48 Comments
  • Mon, Mar. 21, 9:29 AM
    • CPFL Energia (NYSE:CPL): Q4 net income of R$255.06M
    • Revenue of R$4.71B (-0.2% Y/Y)
    • Press Release
    | Mon, Mar. 21, 9:29 AM
  • Fri, Mar. 4, 7:21 PM
    • News that Brazil’s federal police detained former Pres. Lula da Silva for questioning in connection with the Petrobras (NYSE:PBR) corruption scandal sparked a rally in Brazilian assets today, as investors hoped the deepening political crisis would result in Pres. Rousseff's ouster and a more market-friendly government.
    • Brazil's real rose more than 3% vs. the U.S. dollar before settling to a 1% gain, and the Bovespa stock index jumped 4%.
    • Federal prosecutors who ordered today's raids said there was evidence that Lula personally received funds from the graft scheme through work on a luxury beachside penthouse and a country home; beyond the allegations of personal perks and payoffs, prosecutors today described the former president as leading a years-long scheme to divert money from Petrobras to fund election campaigns that would keep his Workers’ Party and its allies perpetually in power.
    • A presidential aide called the accusations against Lula a "turning point" in the  crisis, warning that if authorities do not quickly present concrete proof against Lula, "there is going to be violence in the streets. It could be a real war."
    • In today's U.S. trading of Brazil-based stocks: PBR +11.4%, PBR.A +12.9%, VALE +7.1%, EBR +4%, ELP +6.7%, CPL +3%, CIG +0.5%, BSBR +1.7%, BBD +11.6%, ITUB +7.4%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Fri, Mar. 4, 7:21 PM | 8 Comments
  • Wed, Feb. 24, 2:32 PM
    • Vale (VALE -6.1%) is among Brazilian stocks trading sharply lower after Moody’s becomes the third ratings agency to downgrade the country’s credit rating since September.
    • Moody’s cuts Brazil's sovereign credit rating to Ba2 from Baa3, two notches into junk territory, with a negative outlook, citing uncertainty over the effort to impeach Pres. Rousseff and the corruption scandal that has paralyzed the country’s leadership and slowed efforts to shore up its crumbling finances.
    • "Every day it’s something, and you don’t know what the next thing will be. There’s very little visibility on what the future will be," says Moody's lead analyst for Brazil.
    • Vale, which reports earnings tomorrow, also is hurt by news that Brazilian police are alleging homicide at Vale’s Samarco joint venture with BHP Billiton.
    • Also: PBR -1.9%, PBR.A, -1.2%, EBR -5.3%, ELP -3.1%, CIG -4.8%, CPL -1.4%, SBS -4.5%, BSBR -0.5%, BBD -0.9%, ITUB -0.9%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Feb. 24, 2:32 PM | 9 Comments
  • Fri, Feb. 5, 9:43 AM
    • U.S. power utility AES Corp. (AES -0.9%) as well as Brazilian rivals CPFL Energia (CPL -0.8%) and Equatorial Energia are among groups showing preliminary interest in buying state-controlled power distributor Centrais Elétricas de Goiás, Reuters reports.
    • The plan comes as Centrais Elétricas Brasileiras (EBR -0.6%), Brazil's largest power holding company, is considering selling stakes in several distribution companies; the move underscores Pres. Rousseff's efforts to streamline the size of state companies, whose rapid growth has put public finances under pressure.
    | Fri, Feb. 5, 9:43 AM | 1 Comment
  • Nov. 18, 2015, 3:49 PM
    • Brazil stocks are mostly higher and the real is a top gainer among the world's currencies after the Congress upheld Pres. Rousseff’s vetoes of legislation that would have substantially increased spending at a time the government is trying to shore up its budget and prevent a credit rating downgrade.
    • By approving the vetoes, lawmakers granted Rousseff a rare political victory in a year when Congress has voted mostly against the administration.
    • "The votes were a positive sign for markets, although it is a bit early to say that the tide has changed for Brazilian assets," says a currency manager at TOV Corretora de Cambio in Sao Paulo.
    • PBR +3.9%, PBR.A +3.8%, VALE +3.3%, EBR +2.6%, ELP +3%, CIG +2.9%, CPL +4.7%, SBS +3.9%, BSBR +2.8%, BBD +3.4%, ITUB +2.6%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Nov. 18, 2015, 3:49 PM | 11 Comments
  • Nov. 16, 2015, 8:43 AM
    | Nov. 16, 2015, 8:43 AM | 4 Comments
  • Nov. 13, 2015, 7:29 AM
    • CPFL Energia (NYSE:CPL): Q3 EPS of R$0.26
    • Revenue of R$4.97M (+17.2% Y/Y)
    | Nov. 13, 2015, 7:29 AM
  • Aug. 14, 2015, 7:39 AM
    • CPFL Energia (NYSE:CPL): Q2 Adjusted Net income of $263.7M.
    • Revenue of $5.1B (+31.8% Y/Y).
    | Aug. 14, 2015, 7:39 AM
  • Jul. 24, 2015, 11:48 AM
    | Jul. 24, 2015, 11:48 AM | 19 Comments
  • Jul. 17, 2015, 3:59 PM
    • Brazil's political crisis deepens as Eduardo Cunha, the head of Brazil’s lower house, said today he is breaking with the ruling coalition.
    • Cunha accused Pres. Rousseff's administration of pressuring prosecutors to implicate him in the widening corruption scandal at Petrobras scheme; late yesterday, the federal judge leading the investigation broadcast testimony from a defendant who turned state’s evidence alleging that Cunha took bribes.
    • The move comes after a series of recent defeats in congress for Rousseff as lawmakers turned aside efforts to contain spending and raise taxes as she seeks to preserve Brazil’s investment-grade credit rating.
    • PBR -5.5%, VALE -2.2%, EBR -2.1%, ELP -2.9%, CIG -5.8%, CPL -2.1%, SBS -2.9%, BSBR -1.1%, BBD -2.2%, ITUB -1.5%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Jul. 17, 2015, 3:59 PM | 8 Comments
Company Description
CPFL Energia SA is a holding company, which distributes, generates and commercializes electricity in Brazil. The company operates through the five segments: Distribution, Conventional Sources Generation, Renewable Sources Generation, Commercialization, and Services. The Distribution segment... More
Sector: Utilities
Industry: Foreign Utilities
Country: Brazil