Companhia Paranaense de Energia - COPEL (ELPC) AI Stock Analysis

Companhia Paranaense de Energia - COPEL, together with its subsidiaries, engages in the research, study, planning, construction, production, transformation, transportation, distribution, and commercialization of electricity in Brazil. Headquartered in Curitiba, Brazil, the company operates across three segments: Generation and Transmission of Electrical Energy, Electrical Energy Distribution, and Commercialization. It generates electricity from hydroelectric and wind power resources. Additionally, COPEL constructs, operates, and maintains substations as well as lines dedicated to energy transmission across its operating regions.

COPEL expanded annual revenue from $20.54B in FY2022 to $21.48B in FY2023, $22.65B in FY2024, and $22.65B in FY2025, before climbing 13.0% to $25.60B in FY2026. Gross margin stood at 24.0% in FY2022, dropped to 2.9% in FY2024, and recovered to 21.3% in FY2026. Operating margin increased from 6.2% in FY2022 to 17.6% in FY2026, while net income shifted from $1.11B in FY2022 to $454.3M in FY2024 and reached $2.64B in FY2026. In the latest quarter ended June 30, 2026, quarterly revenue increased 11.1% year-over-year and quarterly earnings rose 50.0% year-over-year, bringing trailing twelve month revenue to $27.99B.

As of June 30, 2026, COPEL held $3.41B in cash and short-term investments alongside total debt of $23.57B, resulting in net debt of $20.15B. The company recorded shareholders' equity of $24.13B, a debt-to-equity ratio of 0.98, and a current ratio of 1.30. In FY2026, operating cash flow reached $2.97B, which supported capital expenditures of $158.9M, share buybacks of $68.7M, and dividends paid of $2.47B.

ELPC trades at a trailing price-to-earnings ratio of 17.2x and a forward price-to-earnings ratio of 10.9x, compared to medians of 20.6x and 17.2x for its US-listed Utilities peers. Its price-to-sales multiple is 0.4x versus the peer median of 2.4x, while EV to EBITDA matches the peer group at 12.1x. Over the past year, the stock returned 78.3%, outperforming the S&P 500 (SPY) return of 16.8%, and currently trades at $13.97, which is 20.7% above its 200-day moving average.

The company pays an annual forward dividend of $0.53, corresponding to a dividend yield of 3.82%. Dividends have been paid for 3 consecutive years. The payout ratio stands at 111.8%, and the last ex-dividend date was May 1, 2026.

Wall Street analysts maintain 3 Strong Buy ratings, with 0 Buy, Hold, Sell, or Strong Sell recommendations. The mean price target is $17.00, representing an upside of 21.7% from the last close of $13.97. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $25.99B and an EPS of $0.56, indicating 15.2% EPS growth. The next earnings report is scheduled for November 12, 2026.

This page is an AI-written research summary of Companhia Paranaense de Energia - COPEL (ELPC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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