the megainvestor Luiz Barsi bought more shares of AES Brazil (AESB3) and now holds a 5% stake in the company, according to a document sent to the market this Monday (5).
According to the statement, Barsi now owns 30 million shares in the company.
The investor also informed that the operation aims exclusively at medium and long-term investment in the company.
The role of AES faces difficulties on the stock exchange in 2023 and distrust of analysts. In the year, the action accumulates a drop of 30%.
Last week, the company’s CEO, Clarissa Sadockchanged the company to vibrate energy (VBBR3).
MARKET TURNOVER: Your daily program from Monday to Friday, always at noon to bring you all the news that boils in the financial market and the analyzes that drive your investments! Save the link and don’t miss it!
Why do analysts not recommend AES?
Analysts maintain that the paper brings some risks that are not fully priced.
O JP Morganfor example, maintains that the recent rise in the stock was caused by the news that AES hired the Itau to find a partner in Brazil, which triggered a short squeeze (an increase in the price of an asset that forces traders out of their positions), pushing the stock above the consensus target.
“Despite the higher price, the AESB3 it is being traded at a tight implicit IRR (internal rate of return) of 6%, therefore deserving an underperform, , equivalent to the sale.”, he justifies.
And despite classifying the results of the AES as expected, the Bank of America also has an underperform recommendation for the AES.
The bank maintains that its current 5.3% IRR assessment disregards above-average exposure to energy price risks and pressured dividend yields.
See the document:
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
