
Brazil's state development bank BNDES has cut its stake in state-run oil firm Petrobras and in power company Axia Energia by selling shares from both this month, four sources told Reuters on condition of anonymity.
Centrais Eltricas Brasileiras S.A. - Eletrobrs, engages in the generation, transmission, and commercialization of electricity in Brazil. The company is headquartered in Rio de Janeiro, Brazil.
| Revenue (TTM) | $43.58B |
| Gross Profit (TTM) | $20.47B |
| EBITDA | $13.38B |
| Operating Margin | 43.50% |
| Return on Equity | 7.86% |
| Return on Assets | 1.97% |
| Revenue/Share (TTM) | $15.35 |
| Book Value | $8.24 |
| Price-to-Book | 1.00 |
| Price-to-Sales (TTM) | 0.53 |
| EV/Revenue | 3.542 |
| EV/EBITDA | 22.33 |
| Quarterly Earnings Growth (YoY) | 1141.00% |
| Quarterly Revenue Growth (YoY) | 22.10% |
| Shares Outstanding | $1.98B |
| Float | $1.64B |
| % Insiders | 0.00% |
| % Institutions | 2.61% |
Volatility is currently contracting

Brazil's state development bank BNDES has cut its stake in state-run oil firm Petrobras and in power company Axia Energia by selling shares from both this month, four sources told Reuters on condition of anonymity.

The AI buildout is colliding with a power supply problem, and capital is rotating into companies that can solve it.

The requested article framing treats AXIA Energia S.A. (NYSE:AXIA) as an ETF, but AXIA is a single Brazilian electric utility, the post-rebrand of Eletrobrás.

Shares of GE Vernova (NYSE:GEV | GEV Price Prediction) have rerated higher as AI data center power demand reignites investor appetite for the picks-and-shovels of the energy transition.

AXIA Energia remains my top Buy in Brazil, driven by unmatched scale, transmission focus, and discounted valuation. AXIA is positioned to benefit from AI data center demand, with ongoing talks with hyperscalers and unmatched transmission infrastructure.