- 450 MHz LTE: Stronger, Smarter Grid for Brazil
May 7, 2026
BELO HORIZONTE, Brazil, May 7, 2026 /PRNewswire/ -- Every day, millions of Brazilians press a button. They turn on a computer. They start a production machine. And energy simply happens. But what lies behind that button has become infinitely more complex. Demand has changed: New technologies, new consumption patterns, new quality standards. And in this new scenario, one thing remains an absolute prerequisite for any economic ambition: Available, continuous and efficient energy.
The Brazilian power sector is one of the largest and most complex in the world: Around 90 million consumer units. More than 700,000 kilometers of distribution networks. An infrastructure that simply cannot stop, ever. And it was precisely in this context that CEMIG. Companhia Energética de Minas Gerais(CEMIG), decided to advance its digital transformation.
Sandro Bernardes, Network and Telecommunications Project Manager, VPI/TC of CEMIG said: CEMIG is considered the largest integrated electric energy company in Brazil, operating in power generation, transmission distribution and commercialization. There are 774 municipalities served in the state of Minas Gerais with more than 9 million customers supplied across our entire concession area. CEMIG operates one of the most extensive power grids in Brazil, with the mission of providing quality energy to the population of Minas Gerais, safe energy from major cities to rural areas, from industry to agribusiness. To meet this responsibility, CEMIG is executing the largest investment plan in its history:
Doubling the number of substations expanding capacity and modernizing operations. But to sustain this expansion, we identified a limitation: the coverage of our telecommunications solutions, CEMIG's electrical system continues to grow to serve the population of Minas Gerais with increasing levels of security, quality and resilience. Our telecommunications infrastructure needed to keep pace with this growth, being present in all our facilities.
In this scenario, CEMIG sought a strategic partner. Huawei was selected through a public bidding process in which the company presented the best proposal technically meeting the requirements that had been established for electric power solutions. With Huawei's electric power eLTE Private Network Solution, CEMIG will operate a high-capacity telecommunications network covering the entire state centrally managed from our control centers. For CEMIG, this partnership goes beyond technology. It represents efficient capital allocation with the best cost-benefit ratio. It also enables asset modernization. Moreover, an adequate telecommunications system is essential for safe operation and automation. In addition, the next step for the sector is the adoption of private networks such as LTE. And CEMIG, after conducting both internal and external studies, selected the 450 MHz frequency. This frequency follows the 3GPP standard and offers a mature end-to-end ecosystem. It enables wide coverage and massive connections. It provides high reliability and strong cost efficiency. It is globally adopted by the energy sector. And Huawei is one of the leading players in electric power solution.
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Learn more about Huawei Electric Power eLTE Private Network Solution: https://e.huawei.com/en/solutions/enterprise-wireless/industry-wireless/power-wireless-lte-g
Watching videos：
https://e.huawei.com/en/videos/campaign/grid/0d952146b07f46c5af1b3a700a1d4898Cision
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- Cemig Files 2025 Form 20-F
Apr 17, 2026
BELO HORIZONTE, Brazil, April 17, 2026 /PRNewswire/ -- COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") (NYSE: CIG, CIG.C; B3: CMIG3, CMIG4), a publicly held company with shares traded on the exchanges of São Paulo and New York, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. Brasil, Bolsa, Balcão ("B3") and the markets in general that it has registered on April 17, 2026, its Form 20-F for the 2025 fiscal year ("Form 20-F 2025") with the U.S. Securities and Exchange Commission ("SEC").
The 2025 Form 20-F 2025 was filed and is available as of April 17, 2026, at the SEC's website (www.sec.gov) and Cemig's investor relations website (http://ri.cemig.com.br).
Shareholders who wish to receive, free of charge, a hard copy of the report, including the financial statements for the fiscal year ended December 31,2025, must request it by email at ri@cemig.com.brCision
View original content:https://www.prnewswire.com/news-releases/cemig-files-2025-form-20-f-302746297.html
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- Cia Energetica DE Minas Gerais - Cemig (CIG) Q4 2025 Earnings Call Highlights: Record ...
Mar 20, 2026
This article first appeared on GuruFocus.
Recurring EBITDA: 7.3 billion BRL. Total EBITDA: 8.3 billion BRL, including non-recurring items. Investments: 6.6 billion BRL in 2025, with significant focus on distribution. Net Profit: Recurring net profit of 4.2 billion BRL; non-recurring net profit of 4.9 billion BRL. Dividend Yield: 14.9%, with 3.5 billion BRL paid in dividends and IOE. Credit Rating: Upgraded to AAA by Moody's. Debt Leverage: Leverage level at 2.3%. Average Debt Tenure: 6.9 years. Operating Cash Flow: 5.7 billion BRL. New Substations: 23 new substations added. Solar Plants: 19 new solar plants with 68 MW installed capacity. Personnel Increase: 228 new electricians hired for the Semi Agro program. Energy Purchase Costs: Increased due to hydrological risk management. Market Performance: 1.4% reduction in the market due to client migration to the base network. GSF Impact: Significant impact due to hydrological risk management.
Warning! GuruFocus has detected 7 Warning Signs with CIG. Is CIG fairly valued? Test your thesis with our free DCF calculator.
Release Date: March 20, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) reported a recurring EBITDA of 7.3 billion, showcasing strong financial performance. The company achieved a credit rating upgrade to AAA by Moody's, reflecting significant improvement in credit quality. Cemig successfully negotiated a sustainable healthcare plan for retirees, reducing actuarial risks and converting them into manageable financial debt. The company invested 6.6 billion in 2025, marking a record investment program focused on regulated sectors with guaranteed profitability. Cemig extended key concessions, including Irape, Kimadu, and Pa Joaquin, securing future revenue streams.
Negative Points
Higher financial expenses were incurred due to increased leverage to finance the investment program. The company faced a 4% drop in recurring net profit, partly due to hydrological risks and higher energy purchase costs. There was a reduction of 1.4% in the energy market, attributed to client migration to the base network. Cemig's operational expenses increased due to additional headcount and outsourced services, impacting overall cost efficiency. The company anticipates higher leverage levels until 2028, which may affect financial flexibility in the short term.
Q & A Highlights
Q: What was the trading result in the fourth quarter, and what is the current perspective of your energy balance? A: Sergio Cabral, Vice President - Trading, explained that the trading result was positive at 97 million. The company has been cautious in closing positions for 2026 and is working on closing positions for 2027. By 2029, there will be no open positions, and future prices are expected to rise, presenting a good opportunity for energy sales.
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Q: What is the ideal level of leverage for the company, and what is the annual percentage of interest on the debt? A: Andrea de Almeida, Vice President of Finance, stated that there is no specific target number for leverage, but it is expected to increase during the investment cycle, peaking in 2028. The current leverage is 2.3%, with a contractual limit of 3.5%. The average interest rate is 13%, corresponding to 87% of the CDI, which is favorable for a utilities company.
Q: Are there any plans to pay bonuses to shareholders in 2026? A: Andrea de Almeida mentioned that bonuses are considered when profit reserves exceed capital stock. The company will analyze this over the year and provide updates if there are any changes.
Q: How is the company managing its debt and investment program? A: Reynaldo Filho, CEO, highlighted that the debt is generating value for the company as it is financed at 87% of the CDI, while investments are more than 90% regulated. This results in a debt cost lower than the weighted average cost of capital (WACC), thus creating value.
Q: What are the main impacts on operational expenses and efficiency? A: Andrea de Almeida noted that operational expenses were impacted by increased headcount and outsourced services. The company has added personnel to improve service delivery, particularly in rural areas, and intensified preventive maintenance to enhance service quality.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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- Carel Industries SpA (FRA:CIG) Q4 2025 Earnings Call Highlights: Strong Organic Growth and ...
Mar 17, 2026
This article first appeared on GuruFocus.
Revenue: EUR629 million in 2025, up 8.7% from 2024 or 10.6% organic growth at fixed exchange rates. Q4 Organic Growth: 16.9% organic growth in Q4 2025. HVAC Organic Growth: Approximately 19% in Q4 2025. Refrigeration Organic Growth: 11% in Q4 2025. Adjusted EBITDA: EUR126.1 million in 2025, 20% of sales, up from EUR106 million in 2024. Net Profit: EUR73.6 million in 2025, up 17.6% from EUR62.6 million in 2024. Tax Rate: 22.6% in 2025, up from 20.8% in 2024. CapEx: EUR22.8 million in 2025, 27.8% lower than 2024. Operating Cash Flow: EUR140 million in 2025. Free Cash Flow: EUR97.4 million in 2025, up from EUR53.8 million in 2024. Net Financial Position: Positive EUR18 million, or EUR48 million excluding IFRS 16 effect. Dividend Proposal: EUR0.195 per share, approximately 30% of net profit. North America Organic Growth: Over 30% in Q4 2025. Refrigeration Performance in North America: Over 50% organic growth in Q4 2025.
Warning! GuruFocus has detected 3 Warning Signs with FRA:CIG. Is FRA:CIG fairly valued? Test your thesis with our free DCF calculator.
Release Date: March 10, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Carel Industries SpA (FRA:CIG) reported a fourth consecutive quarter of double-digit organic growth, with Q4 2025 achieving a 16.9% increase. The company saw strong performance across all regions except South America, with notable growth in North America and EMEA. Adjusted EBITDA grew by 19% to EUR126.1 million, reaching 20% of sales, which is at the upper end of their mid-cycle expectation for profitability. Carel Industries SpA maintained a strong cash generation with EUR140 million of operating cash flow and almost EUR100 million of free cash flow. The company is planning to start a third manufacturing plant in North America by the first half of 2027, indicating confidence in continued growth.
Negative Points
South America experienced flat organic growth in 2025, negatively impacted by a weak economic environment in Brazil. The tax rate increased to 22.6% in 2025 from 20.8% in 2024 due to a different country mix. There are emerging tensions in raw material costs, particularly in memory components and metals like aluminum, which could impact future profitability. The international expansion of Kiona took longer than expected, resulting in sales growth slightly below initial ambitious plans. The geopolitical environment, including the conflict in the Middle East, remains uncertain and could affect future visibility and forecasting.
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Q & A Highlights
Q: Are you seeing any signs of resurfacing inflation, and how might this affect your EBITDA in 2026? A: Francesco Nalini, CEO: We are noticing some tensions in raw material costs, particularly in memory components and metals like aluminum. However, these are limited in scope, and we plan to adjust prices accordingly. Our mid-cycle expectation remains positive for gross profitability, and while we have room for EBITDA expansion, our focus is on growth and technology investment rather than margin expansion.
Q: Can you provide an update on the M&A pipeline given your strong cash position? A: Francesco Nalini, CEO: We have significant firepower for M&A and are in discussions to acquire complementary technologies that enhance our system offerings. This remains a strategic focus for us.
Q: How do you view the continuation of strong growth in the data center market, and what impact might NVIDIA's hot water cooling technology have? A: Francesco Nalini, CEO: We see no signs of a slowdown in data center growth, especially in the US. NVIDIA's technology is unlikely to impact us significantly as we focus on different parts of the cooling loop. Our technology remains essential for redundancy and efficiency in data centers.
Q: What is driving the strong growth in North America's Refrigeration segment, and how significant is the transition to natural refrigerants? A: Francesco Nalini, CEO: The transition to natural refrigerants and energy-efficient solutions is a major driver. Despite potential regulatory reversals, large retailers are likely to continue this transition, providing us with significant growth opportunities due to our expertise in this area.
Q: Can you elaborate on the seasonality of your business and the impact of FX on your Q1 guidance? A: Francesco Nalini, CEO: Our quarters are generally even, but Q1 and Q4 can be softer due to factors like the Chinese New Year. We don't make significant FX assumptions, and our natural hedging helps mitigate top-line impacts at the EBITDA level.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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- Latin America and the Caribbean Smart Metering Research Report 2026 with Cemig, COPEL, Grupo ICE, Light, and UTE Case Studies
Jan 23, 2026
Company Logo
Key market opportunities in smart metering in Latin America and the Caribbean include low penetration rates offering growth potential, with major expansion expected in Brazil and Mexico. Uruguay leads with near-universal coverage, while regulatory improvements may boost markets like Chile and Colombia.
Installed base of smart electricity meters in Latin America and the Caribbean 2024-2030Installed base of smart electricity meters in Latin America and the Caribbean 2024-2030·GlobeNewswire Inc.
Dublin, Jan. 23, 2026 (GLOBE NEWSWIRE) -- The "Smart Metering in Latin America and the Caribbean - 3rd Edition" report has been added to ResearchAndMarkets.com's offering.
This strategic research report provides you with over 200 pages of unique business intelligence, including 6-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.
Smart metering is widely regarded as a cornerstone for future smart grids and is currently being deployed all over the developed world, with a growing number of large-scale initiatives now also being launched in developing countries. With more than 223 million electricity customers, Latin America and the Caribbean constitute a large market with significant potential, as well as a significantly lower penetration rate of smart meters in comparison to regions such as East Asia, Europe and North America.
The annual demand for electricity meters in Latin America and the Caribbean ranges from 20 to 30 million units, out of which Brazil and Mexico together account for over 65%. With the exception of the South and Central American countries Uruguay, Costa Rica and Belize, along with Barbados, Jamaica, Trinidad and Tobago and Puerto Rico in the Caribbean, the region has not yet seen the implementation of nationwide smart metering projects. However, a number of utilities in the region are scaling up their smart metering initiatives. Overall, high non-technical electricity losses due to the prevalence of energy theft throughout Latin America and the Caribbean will continue to be a major driver for smart metering investments in the region.
The analyst forecasts that the installed base of smart electricity meters in Latin America and the Caribbean - defined as the South American countries Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay, the Central American countries Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Panama and the Caribbean countries and territories Bahamas, Barbados, the Dominican Republic, Jamaica, Puerto Rico and Trinidad and Tobago - will grow at a compound annual growth rate of 23.5% from 17.3 million in 2024 to 61.3 million in 2030.
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New installations will largely be driven by deployments in the two largest markets in the region - Brazil and Mexico - while countries such as Argentina, Colombia, Ecuador and Peru are expected to grow their share of annual shipment volumes throughout the forecast period. The analyst projects that 48.5 million new smart electricity meters will be installed in Latin America and the Caribbean during 2024-2030. Annual shipment volumes are forecasted to grow from 2.8 million units in 2024 to nearly 11.3 million units in 2030. The smart meter penetration rate across Latin America and the Caribbean is meanwhile forecasted to reach 24.8% in 2030 - up from 7.7% in 2024.
South America is home to 70% of all electricity users in Latin America and the Caribbean and accounts for around 60% of the installed base of smart electricity meters in the region. South America will also constitute the fastest growing regional smart metering market in Latin America and the Caribbean throughout the forecast period. Brazil in particular is a highly interesting market for smart metering solution vendors with its 94 million electricity users and low penetration rate of smart meters - 6.5% in 2024.
The market is set to see significant growth over the coming years as the government has recently introduced a number of new laws and policies that actively promote the deployment of smart meters on a large scale, while several utilities such as Cemig, COPEL, Enel and CPFL have already began to invest significantly in AMI. Further Brazilian utilities are expected to increase their investments in the technology in the coming few years and the country is forecasted to account for more than half of the shipped smart electricity meters in Latin America and the Caribbean during the forecast period.
In Uruguay, the nationwide rollout by the state-owned utility UTE had largely been completed by the end of 2024 and the country has therefore become the first country in South America to reach near universal smart metering coverage. In neighbouring Argentina, the analyst estimates that the installed base of smart meters will increase more than six-fold from around 730,000 units in 2024 to more than 4.6 million in 2030. Smart metering deployments in Chile meanwhile peaked in 2018-2019 and have since decreased, mainly due to regulatory ambiguity. There is however potential for a more positive market development should the regulatory environment in the country improve. Colombia is another country which - despite the existence of a regulatory framework for smart metering - has suffered from a lack of policy uncertainty which has impacted the development of smart metering negatively.
The installed base of smart meters in the country is nonetheless expected to increase significantly driven by deployments by the largest utility group Grupo EPM alongside Enel Colombia. Peru is a more nascent market, although a series of positive regulatory developments during the past two years has set the country up for a largescale rollout that is proposed to start in the late 2020s. In Ecuador, investments in smart metering are similarly expected to increase throughout the forecast period. The only two landlocked countries in South America - Bolivia and Paraguay - are also two of the least mature smart metering markets in Latin America and the Caribbean. The analyst expects that both markets will see moderate growth and continue to be largely in the smart metering pilot phase throughout the forecast period.
Central America is the most nascent smart metering market in Latin America and the Caribbean, although a few countries have made notable progress with significant smart metering projects now underway. The rollout of smart electricity meters in Costa Rica progresses steadily and the country has now reached a smart meter penetration rate above 50%. Honduras has long deployed smart meters as a tool to reduce non-technical losses and ended 2024 with an installed base of more than 500,000 units.
The small country Belize meanwhile initiated a nationwide smart metering rollout in 2024 which is set to be completed within three years. El Salvador, Guatemala and Panama are all countries with relatively low installed bases of smart meters and the analyst expects that these markets will slowly increase the scope and scale of their deployments. In Panama, several important policy developments that promote the deployment of smart meters have recently taken place, while El Salvador is also making significant strides spearheaded by the country's two main utilities. In the largest country in Central America - Mexico - the state-owned utility CFE has an ongoing project that seeks to scale the conversion of basic electronic and electromechanical meters to smart meters.
Utilities in the Caribbean were in contrast to their counterparts in South and Central America early to implement smart metering. Trinidad and Tobago as well as the US jurisdiction of Puerto Rico are already underway with a second wave of smart metering installations, although their existing meter parks are mainly made up of smart meters with very basic functionalities. Barbados has rolled out smart meters for effectively all customers, while Jamaica has achieved a smart meter penetration rate of more than 75%. The main utility in the Bahamas is meanwhile about to embark on a smart meter rollout, while deployments in the Dominican Republic are expected to steadily increase in line with the country's national electricity loss reduction plan.
Questions answered in the report:
How are the national energy policies driving the adoption of smart metering? What is the current deployment status of major utilities across this region? How are market-liberalising reforms changing the energy utility sector in this region? Which countries are leading the adoption of smart gas metering technology in this region? Which communications technologies are being used for smart metering? Which are the leading smart metering solution providers in Latin America and the Caribbean? What is the outlook for the first wave of smart metering rollouts in this region? Which are the main electricity and gas utilities in each country?
Who should read this report?
Smart Metering in Latin America and the Caribbean is the foremost source of information about the ongoing transformation of the metering sector in this region. Whether you are a solution vendor, utility, telecom operator, investor, consultant or government agency, you will gain valuable insights from this in-depth research.
Key Topics Covered:
1 Smart Metering Solutions
1.1 Introduction to smart grids
1.2 Smart metering
1.3 Project strategies
1.4 Regulatory issues
2 IoT Networks and Communications Technologies
2.1 IoT network technologies
2.1.1 Network architectures
2.1.2 Unlicensed and licensed frequency bands
2.2 PLC technology and standards
2.2.1 International standards organisations
2.2.2 G3-PLC
2.2.3 PRIME
2.2.4 Meters & More
2.3 3GPP cellular and LPWA technologies
2.3.1 2G/3G/4G/5G cellular technologies and IoT
2.3.2 NB-IoT and LTE-M
2.3.3 The role of cellular networks in smart meter communications
2.3.4 LoRa and LoRaWAN
2.3.5 Sigfox
2.4 IEEE 802.15.4-based RF
2.4.1 IEEE 802.15.4
2.4.2 Wi-SUN
2.4.3 Proprietary IPv6 connectivity stacks based on 802.15.4
3 Smart Metering Industry Players
3.1 Meter vendors
3.1.1 Itron
3.1.2 Landis+Gyr
3.1.3 Aclara (Hubbell)
3.1.4 Discar
3.1.5 Elgama Elektronika (Linyang Energy)
3.1.6 Gridspertise
3.1.7 Hexing Electrical
3.1.8 Holley Technology
3.1.9 Honeywell (Elster)
3.1.10 Iskraemeco
3.1.11 KAIFA Technology
3.1.12 Networked Energy Services
3.1.13 Sagemcom
3.1.14 Silexis
3.1.15 Sanxing Electric (Nansen)
3.1.16 Wasion
3.1.17 WEG Group
3.1.18 ZIV
3.2 Communications solution providers
3.2.1 Aviat Networks (4RF)
3.2.2 Corinex
3.2.3 NuriFlex
3.2.4 Tantalus Systems
3.2.5 Trilliant
3.3 Software solution providers
3.3.1 Fluentgrid
3.3.2 Harris Utilities
3.3.3 Indra (Minsait)
3.3.4 EPAM Neoris
3.3.5 SAP
3.3.6 Siemens
3.4 System integrators and communications service providers
3.4.1 Accenture
3.4.2 America Movil
3.4.3 Ativa Solucoes
3.4.4 CAS Tecnologia
3.4.5 Cisco
3.4.6 IBM
3.4.7 NTT
3.4.8 Telefonica
3.4.9 Telecom Italia (TIM)
3.4.10 Tropico
4 Market Profiles
4.1 Regional summary
4.2 Argentina
4.2.1 Electricity and gas utility industry structure
4.2.2 Metering regulatory environment and smart metering market developments
4.3 Bahamas
4.4 Barbados
4.5 Belize
4.6 Bolivia
4.7 Brazil
4.8 Chile
4.9 Colombia
4.10 Costa Rica
4.11 Dominican Republic
4.12 Ecuador
4.13 El Salvador
4.14 Guatemala
4.15 Honduras
4.16 Jamaica
4.17 Mexico
4.18 Panama
4.19 Paraguay
4.20 Peru
4.21 Puerto Rico
4.22 Trinidad and Tobago
4.23 Uruguay
5 Market Analysis
5.1 Smart electricity metering
5.2 Market forecasts
5.3 Industry analysis and technology trends
5.4 Smart gas metering
6 Case Studies
6.1 Cemig
6.2 COPEL
6.3 Grupo ICE
6.4 Light
6.5 UTE
For more information about this report visit https://www.researchandmarkets.com/r/h37ly8
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Installed base of smart electricity meters in Latin America and the Caribbean 2024-2030
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- Companhia Energetica De Minas Gerais (CIG) Releases its Earnings Report for the Second Quarter of 2025
Sep 30, 2025
Companhia Energetica De Minas Gerais (NYSE:CIG) is one of the 10 Cheapest Penny Stocks to Buy Now.Companhia Energetica De Minas Gerais (CIG) Releases its Earnings Report for the Second Quarter of 2025
On September 3, 2025, Companhia Energetica De Minas Gerais (NYSE:CIG) released its earnings report for the second quarter of 2025.
Companhia Energetica De Minas Gerais (NYSE:CIG) reported a 15% increase in adjusted EBITDA, taking it to $430 million, while sustaining a healthy net cash position of $585 million. Furthermore, distributed generation grew 20% year-over-year (YoY), which offset the 3.3% drop in energy distribution. Meanwhile, strategic investments energized nine substations and added 2,600 kilometers of new networks.
Having grown its revenue by 10.8% over the past year, Companhia Energetica De Minas Gerais (NYSE:CIG) remains focused on regional infrastructure expansion within Minas Gerais, enhancing efficiency and grid resilience. Moreover, the company outlined a $10.7 billion investment plan through 2029, which is expected to expand distribution infrastructure and automation, while exploring concession renewals for its power plants.
Companhia Energetica De Minas Gerais (NYSE:CIG), a Brazilian energy company, is focused on the generation, transmission, distribution, and sale of electricity, as well as gas and related derivatives. It is one of the 10 Cheapest Penny Stocks to Buy Now.
While we acknowledge the potential of CIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Benefit From AI and 14 Best IT Stocks to Buy for the Long Term.
Disclosure: None.
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- CEMIG Plans to Invest in Clean Energy Projects Using Its Experience In HydroPower
Sep 19, 2025
Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is one of the 9 Most Profitable Penny Stocks to Buy Right Now. On September 10, Reuters reported that Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) plans to invest in clean energy projects.
Cemig’s CEO, Reynaldo Passanezi Filho, told Reuters that the company plans to use its experience in hydropower to invest in clean energy technologies. Cemig is working on approximately a $7.4 billion (40 billion BRL) investment plan from 2025 through 2029. The goal is to focus on power distribution while gradually moving from network expansion to digitalization to enhance the consumer experience.CEMIG Plans to Invest in Clean Energy Projects Using Its Experience In HydroPower
Cemig’s distribution business planning is already in progress, and the company is now focusing on sector innovations, especially energy storage technologies. The company will use its enormous accumulated knowledge in hydroelectric power to expand projects such as pumped storage plants and take part in power capacity auctions. The company is testing batteries connected to its distributed solar generation plants and is also pursuing a stake in non-strategic assets, including Taesa, gas distributor Gasmig, and the Belo Monte hydroelectric plant.
Since the announcement of the investment plan, CIG shares have soared by almost 2.68% as of September 16.
Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is a Brazil-state-controlled electric utility firm that operates through its subsidiaries. The company is engaged in the generation, transmission, distribution, and sale of energy in Brazil.
While we acknowledge the potential of CIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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- Brazil's Cemig plans to leverage hydroelectric expertise for new power projects
Sep 10, 2025
SAO PAULO (Reuters) -Brazil's state-controlled electric utility Cemig plans to use its experience in hydropower to invest in clean energy technologies that could boost the country's electricity grid, CEO Reynaldo Passanezi Filho told Reuters.
Cemig is executing a nearly 40 billion reais ($7.4 billion) investment plan from 2025 through 2029, prioritizing power distribution while gradually shifting from network expansion to digitalization in an effort to improve the consumer experience.
With the distribution business planning well underway, the firm is now focusing on sector innovations, particularly energy storage technologies seen as crucial for preventing blackouts amid intermittent wind and solar generation.
Cemig will use its "enormous accumulated knowledge in hydroelectric power" to advance projects like pumped storage plants and eventually participate in power capacity auctions, Passanezi said.
The company is already testing batteries connected to its distributed solar generation plants.
Cemig continues pursuing sales of non-strategic assets including stakes in Taesa, the Belo Monte hydroelectric plant, and gas distributor Gasmig, Passanezi said.
However, the company faces political and regulatory hurdles, including uncertainties on debt repayment tied to Cemig's controlling shareholder, the state of Minas Gerais.
($1 = 5.4036 reais)
(Reporting Leticia Fucuchima; Writing by Isabel Teles; Editing by Chris Reese)
- Cemig: Q2 Earnings Snapshot
Aug 15, 2025
BELO HORIZONTE, Brazil (AP) — BELO HORIZONTE, Brazil (AP) — Companhia Energetica de Minas Gerais S.A. (CIG) on Thursday reported net income of $209.6 million in its second quarter.
On a per-share basis, the Belo Horizonte, Brazil-based company said it had net income of 7 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share.
The utility posted revenue of $1.9 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIG at https://www.zacks.com/ap/CIG
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- Companhia Energética de Minas Gerais – CEMIG (CIG) Unveils $6.3B Modernization Plan to Reinvent Brazil’s Energy Grid
Jul 31, 2025
We recently compiled a list of 10 Cheap Utility Stocks to Buy According to Hedge Funds. Companhia Energética de Minas Gerais – CEMIG stands sixth on our list.
Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG), one of Brazil’s largest integrated energy utilities, is advancing a major modernization initiative in 2025 with a record investment of BRL 6.3 billion (approx. $6.3 billion). The program focuses on upgrading infrastructure, expanding renewable energy, and embracing digital transformation to strengthen the company’s role in Brazil’s evolving energy landscape.
Key components of this plan include the deployment of smart meters and Advanced Distribution Management Systems (ADMS) to improve grid efficiency and reliability. These technologies enable real-time monitoring and better control, essential for managing increasing renewable energy integration. Additionally, the company is enhancing grid resilience and decentralizing operations through six newly established regional units to improve customer responsiveness. Companhia Energética de Minas Gerais – CEMIG (CIG) Unveils $6.3B Modernization Plan to Reinvent Brazil’s Energy Grid
A utility employee connecting wires at a power station in order to distribute electricity to customers.
Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is also investing in digital platforms like SAP S4/HANA to boost operational transparency and service agility. These upgrades support the company’s broader goal of transitioning toward a more sustainable and technology-driven energy model. As one of the cheap utility stocks, the business is launching its first solar energy plants in July 2025, reinforcing its commitment to clean energy development.
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