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Neoenergia S.A. is a Brazilian utility company primarily engaged in the electric utilities sector. As a subsidiary of the Spanish group Iberdrola, Neoenergia operates extensively in the generation, transmission, distribution, and commercialization of electricity. The company utilizes a variety of energy sources including hydroelectric, thermal, and wind power. It manages several subsidiaries, including Companhia de Eletricidade do Estado da Bahia (COELBA), Companhia Energética de Pernambuco (CELPE), and Companhia Energética do Rio Grande do Norte (COSERN), among others. These subsidiaries are involved in both the generation of energy through hydroelectric plants and the distribution of electric energy across various Brazilian states such as Bahia, Pernambuco, and Rio Grande do Norte. The company also engages in trading electricity in the wholesale energy market and serves a diverse range of residential, commercial, industrial, rural, and public utility customers across several Brazilian states. Neoenergia is headquartered in Rio de Janeiro, Brazil, and its shares are listed on the São Paulo Stock Exchange.
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Ticker symbol
NEOE3
Country
🇧🇷 Brazil