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8. Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

PE Ratio as of April 30: 9.81

Number of Hedge Fund Holders: 14

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) ranks 8th on our list of the most undervalued stocks. It is a Brazilian electricity provider that generates, transmits, and sells power. The company uses energy sources such as hydroelectric, thermoelectric, nuclear, wind, and solar plants.

On March 14, Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) reported a roughly 25% year-over-year increase in its Q4 2024 net profit, which came in at $191.4 million. The company also announced $310 million in dividends for shareholders.

Walleye Capital, an American multi-strategy hedge fund, announced on April 25 that it purchased 174,618 shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) in the fourth quarter of 2024. The stake is valued at about $999,000.

According to Insider Monkey’s fourth quarter database, 14 hedge funds reported owning stakes in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR), compared to 9 funds in the previous quarter. Israel Englander’s Millennium Management was the leading stakeholder of the company, with 4.2 million shares valued at $24 million.