CIG Stock Recent News

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.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cemig (CIG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

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.

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q1 2024 Results Conference Call May 14, 2024 9:00 AM ET Company Participants Carolina Senna - IR Reynaldo Filho - CEO Leonardo Magalhaes - CFO Marney Antunes - CDO Marco Soligo - CPO Conference Call Participants Andre Sampaio - Santander Giuliano Ajeje - UBS [Operator Instructions]. Now I would like to turn the floor over to Carolina Senna, Investor Relations Superintendent.

The company has been delivering excellent results since its turnaround in 2019, with cost reduction, lower leverage, and prospects for further improving its EBITDA margin. Despite this, the company is traded below the multiples of its international peers, even though it is the most profitable and has the best return on equity. The discount compared to peers is due to the political risk, which increased with the news of the company's possible federalization, but which in my view is a buying opportunity.

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

Here is how Cemig (CIG) and NRG Energy (NRG) have performed compared to their sector so far this year.

Cemig (CIG) possesses solid growth attributes, which could help it handily outperform the market.

Cemig (CIG) could produce exceptional returns because of its solid growth attributes.

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q3 2023 Earnings Conference Call November 10, 2023 1:00 PM ET Company Participants Carolina Senna - Superintendent, IR Reynaldo Passanezi Filho - CEO Leonardo George de Magalhaes - CFO Marco da Camino Ancona Lopez Soligo - Chief Participation Officer Dimas Costa - Chief Commercial Officer Conference Call Participants Operator Good afternoon, everyone, and welcome to Cemig's Third Quarter 2023 Earnings Video Conference Call. We inform that this call is being recorded, and will be available at the company's IR website, where you will also find the company's presentation.