Companhia Energética de Minas Gerais
CIG · NYSE
Bulios Fair Price
$2.74
26.9% upside
Current Price
$2.16
According to Bulios Fair Price, CIG is currently undervalued relative to its market price. How does it work?
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About the company
Companhia Energética de Minas Gerais (CEMIG) is a Brazilian company engaged in the generation, distribution, and sale of electricity. With a long history and a presence in the energy market, CEMIG is one of the leading players in the energy sector in Brazil. Its activities include electricity generation from various sources, including hydroelectric, thermal, and renewable energy sources. The company also operates distribution networks and offers various energy-related services. CEMIG focuses on providing energy needs for residents, industries, and various sectors. Companhia Energética de Minas Gerais (CEMIG) shares could be suitable for investors looking for exposure to the Brazilian energy market and the electricity generation sector.
Sector
Utilities
Industry
Regulated Electric
CEO
Reynaldo Passanezi Filho
Employees
5,320
Headquarters
Belo Horizonte
Upcoming events
Earnings
Upcoming earnings report