Sector Update: Energy Stocks Gain Friday Afternoon
Energy stocks rose Friday afternoon with the NYSE Energy Sector Index and the Energy Select Sector S
| Ticker |
CIG
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| CIK | 0001157557 |
| SIC | 4911 |
| Sector | Transportation, Communications, Electric, Gas, And Sanitary Services |
| Industry Category | Utilities |
| Industry Group | Electric Services |
| Address | AVENIDA BARBACENA 1200, 30190 131 BELO HORIZONTE, MINAS GERAIS BRAZIL, D5, 30190 |
| Website | cemig.com.br |
| Phone | 212-801-9243 |
| CEO | Reynaldo P. Filho |
| Employees | 5,020 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Sector Update: Energy Stocks Gain Friday AfternoonEnergy stocks rose Friday afternoon with the NYSE Energy Sector Index and the Energy Select Sector S Companhia Energetica De Minas Gerais (CIG) Releases its Earnings Report for the Second Quarter of 2025Companhia Energetica De Minas Gerais (NYSE:CIG) is one of the 10 Cheapest Penny Stocks to Buy Now. On September 3, 2025, Companhia Energetica De Minas Gerais (NYSE:CIG) released its earnings report for the second quarter of 2025. Companhia Energetica De Minas Gerais (NYSE:CIG) reported a 15% increase in adjusted EBITDA, taking it to $430 million, […] CEMIG Plans to Invest in Clean Energy Projects Using Its Experience In HydroPowerCompanhia Energética de Minas Gerais – CEMIG (NYSE:CIG) is one of the 9 Most Profitable Penny Stocks to Buy Right Now. On September 10, Reuters reported that Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) plans to invest in clean energy projects. Cemig’s CEO, Reynaldo Passanezi Filho, told Reuters that the company plans to use […] Brazil's Cemig plans to leverage hydroelectric expertise for new power projectsBrazil's state-controlled electric utility Cemig plans to use its experience in hydropower to invest in clean energy technologies that could boost the country's electricity grid, CEO Reynaldo Passanezi Filho told Reuters. Cemig is executing a nearly 40 billion reais ($7.4 billion) investment plan from 2025 through 2029, prioritizing power distribution while gradually shifting from network expansion to digitalization in an effort to improve the consumer experience. With the distribution business planning well underway, the firm is now focusing on sector innovations, particularly energy storage technologies seen as crucial for preventing blackouts amid intermittent wind and solar generation. Cemig: Q2 Earnings SnapshotBELO HORIZONTE, Brazil (AP) — Companhia Energetica de Minas Gerais S.A. (CIG) on Thursday reported net income of $209.6 million in its second quarter. On a per-share basis, the Belo Horizonte, Brazil-based company said it had net income of 7 cents. Earnings, adjusted for non-recurring costs, were 8 cents per share. |