ENGIE Brasil Energia S.A. — Cyborg Score 7/10

Strong
Electric Power Generation & Transmission / Renewable Energy

Strategic Profile

ENGIE Brasil Energia maintains high levels of long-term contracting, reducing exposure to short-term market fluctuations, with a balanced sales portfolio between free customers and regulated customers. The company is investing heavily to boost energy capacity, anticipating a major regulatory shift opening Brazil's residential energy market by 2028. The company holds a Long-Term National Rating of 'AAA(bra)' and global scale rating of 'BB+' from Fitch Ratings, one level above the sovereign rating.

Cyborg Score Rationale

In 2024, ENGIE Brasil's revenue was 11.22 billion BRL with earnings of 4.28 billion BRL, demonstrating strong financial growth. 100% of installed capacity is sourced from clean, renewable sources with low greenhouse gas emissions. Company faces competitive pressures but benefits from long-term contracts and market opportunity.

Top Insights

  • Combined total capacity reaches 11,492.2 MW across 130 plants, corresponding to a 5.4% share in the Brazilian market
  • 100% of installed capacity derived from clean, renewable sources with low greenhouse gas emissions
  • Signed contract to acquire two hydro power plants in northern Brazil for approximately 3 billion reais ($523.2 million)
  • Component of B3's Novo Mercado and Corporate Sustainability Index since inception in 2005

Named Competitors

  • Alupar — Independent power producer and transmission company
  • Auren Energia — Renewable energy generation company
  • State-owned Utilities — Large-scale power generation and distribution

Recent Developments

  • (Nov 2025) Q3 2025 earnings conference call held, demonstrating continued operational momentum
  • (2024) Revenue growth of 4.38% to 11.22 billion BRL with net earnings up 24.78% year-over-year
  • (2024) Acquisition of hydro power plants for approximately 3 billion reais to expand generation capacity

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