5 Most Profitable Renewable Energy Stocks

4. Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG)

Latest TTM Net Income: $1 billion

Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is a Brazilian utility headquartered in Belo Horizonte, Brazil. It is one of the biggest energy companies in Brazil and accounts for more than ten percent of the country’s power generation capacity.

During Q3 2023, 15 out of the 910 hedge funds covered by Insider Monkey’s research had bought and owned Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG)’s shares. Douglas Harold Hart Polunin’s Polunin Capital was the firm’s biggest hedge fund investor as it owned 12.1 million shares that were worth $29.3 million.

Follow Companhia Energetica De Minas Gerais (NYSE:CIG)