CIG Stock Recent News

SANTA CLARA, Calif.--(BUSINESS WIRE)-- #25GPON--Cambridge Industries USA, Inc. (CIG USA), a Delaware corporation headquartered in Santa Clara, California, today announced that it has filed Petitions with the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office for Inter Partes Review (IPR) of U.S. patents asserted by Applied Optoelectronics, Inc. (AOI, NASDAQ:AAOI) in AOI's infringement action, which is pending in the United States District Court for the Northern District of Calif.

HSBC downgraded Cemig to Hold from Buy with a R$12 price target.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Cemig (CIG) and Pinnacle West (PNW) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Cemig (CIG) and National Fuel Gas (NFG) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cemig, a state-owned electricity company in Minas Gerais, operates in generation, transmission, and distribution, with stable operations and attractive dividends. Despite governance risks, Cemig's efficient management and solid financials make it a strong income portfolio candidate with a healthy dividend yield. The company plans significant investments through 2028, maintaining a low debt ratio and positioning for sustainable dividends and potential M&A opportunities.

Cemig (CIG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG ) Q2 2024 Earnings Conference Call August 20, 2024 8:30 AM ET Company Participants Carolina Senna - Investor Relations Superintendent Marcio Luiz Simoes Utsch - Chair of the Board of Directors Reynaldo Passanezi Filho - Chief Executive Officer Fernando Passalio - Secretary of State for Economic Development, Government of Minas Gerais Leonardo George de Magalhaes - Chief Finance and Investor Relations Officer Marney Tadeu Antunes - Vice President of Distribution Afonso Henriques Moreira Santos - Coordinator, Innovation and Energy Transition Committee Marco da Camino Ancona Lopez Soligo - Vice President of Equity Holdings and Vice President of Generation and Transmission Carlos Colombo - Chief Executive Officer, Gasmig Iuri Mendonca - Chief Executive Officer, Cemig SIM Cristiana Maria Fortini Pinto e Silva - Vice President of Legal Affairs Marcus Vinicius de Castro Lobato - Head of Trading Planning and Marketing Conference Call Parti