Dallas, Texas 09/10/2013 (Financialstrend) – In Monday’s trading session, Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) stock rose by 5.22%. The opening price of the shares was $4.43 which touched an intraday high of $4.67 and closed at $4.64. Approximately 2.45 million shares were traded in the Monday session while the average volume of EBR.B shares traded over a 30 day period was 0.998 million. The company has a market cap of $1.17 billion.
Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) came into existence on 11 June 1962, It is a holding company based in Brazil. It is involved in generating electric power and also in its transmission. The company’s subsidiaries handle the 39,453 megawatt of installed capacity of generating electric power in Brazil. It does this via its twenty-nine hydroelectric plants, fifteen thermoelectric plants and 2 thermonuclear plants. In addition to this, ERB.B is responsible for around 60,000kms of transmission lines as well as 237 substations.
The company also has a presence in countries such as South America, Uruguay, Argentina and Venezuela. It has a direct stake control in 7 electric power generation & transmission companies. These include Furnas Centrais Eletricas SA and Amazonas Energia as well as 4 electric power distribution companies- these include Eletroacre and Centrais Eletricas de Rondonia, Companhia de Eletricidade do Acre and Ceron.
Studies and other projects
Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) is very highly involved with preparing studies and with drafting construction projects for various transmission lines. It also draws out studies and projects related to hydroelectric generation and substations that supply power to Brazil. Apart from this, the company is involved in areas that are related to granting financing and loans and providing guarantees either locally or abroad. Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) also acquires debentures of various companies and also holders of public-electric power services that they control.