CPFL Energy Reaches New 52-Week High (CPL)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $30.70, above its previous 52-week high of $30.66 with 63,313 shares traded as of 10:30 a.m. ET. Average volume has been 336,900 shares over the past 30 days.
CPFL Energy has a market cap of $9.36 billion and is part of the
sector and
industry. Shares are up 8% year to date as of the close of trading on Monday.
CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electricity in Brazil. It generates electricity through hydroelectric, thermal, biomass, and wind power plants. The company has a P/E ratio of 23.5, above the average utilities industry P/E ratio of 10.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CPFL Energy as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
.
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