CPFL Energy Reaches New 52-Week High (CPL)

NEW YORK ( TheStreet) -- CPFL Energy (NYSE: CPL) hit a new 52-week high Friday as it is currently trading at $31.89, above its previous 52-week high of $31.79 with 18,185 shares traded as of 9:35 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 utilities sector and utilities industry. Shares are up 12.2% year to date as of the close of trading on Thursday.

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 24.5, above the average utilities industry P/E ratio of 10.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CPFL Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full CPFL Energy Ratings Report.

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