Companhia Energética de Minas Gerais – CEMIG (CIG)Launches $6.3B Modernization Plan

We recently compiled a list of 11 Best Undervalued Stocks to Invest in Now. Companhia Energética de Minas Gerais – CEMIG stands tenth on our list.

Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is one of Brazil’s largest integrated energy utilities, playing a crucial role in the country’s power generation, transmission, and distribution. Recently, the company launched its most ambitious investment program to date, committing BRL 6.3 billion in 2025 toward modernizing its infrastructure and accelerating Brazil’s energy transition. These efforts include upgrading to smart meters, enhancing grid resilience, and adopting advanced systems like SAP S4/HANA and ADMS to improve efficiency and service reliability.

In line with global sustainability goals, Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is expanding into renewable energy, with its first solar plants set to launch in July 2025. These investments also support the agribusiness sector, a key part of the company’s economy. As part of its operational overhaul, the business is restructuring with six new regional management units to improve local responsiveness and customer service.

Companhia Energética de Minas Gerais – CEMIG (CIG)Launches $6.3B Modernization Plan

A vibrant skyline illuminated by the lights of the electric utility company.

A key highlight of Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG)’s strategy is its push for digital transformation and smart grid integration. The deployment of digital tools and real-time management systems aims to future-proof its operations, accommodate growing renewable capacity, and provide more agile and transparent services across the energy value chain.

While we acknowledge the risk and potential of CIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CIG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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