Smart metering in Latin America and the Caribbean is experiencing significant growth, with the installed base of smart electricity meters forecast to increase from 17.3 million units in 2024 to 61.3 million units by 2030, representing a 23.5% compound annual growth rate. Brazil and Mexico are leading the market, accounting for over 65% of annual meter demand. Key drivers include grid modernization efforts, electricity theft reduction, and supportive government policies. Major utilities like Cemig, COPEL, Enel, and CPFL are expanding investments in advanced metering infrastructure.

Brazil's Bovespa index closed 0.02% lower, with losses in the Electric Power, Public Utilities and Consumption sectors.

Brazil's Bovespa index closed 0.19% lower, with losses in the Consumption, Basic Materials, and Telecoms sectors.

Here is how Cemig (CIG) and NRG Energy (NRG) have performed compared to their sector so far this year.

Here is how Atmos Energy (ATO) and Cemig (CIG) have performed compared to their sector so far this year.

Cemig (CIG) possesses solid growth attributes, which could help it handily outperform the market.

Cemig (CIG) could produce exceptional returns because of its solid growth attributes.

B of A Securities downgraded its rating of Cia Energetica DE Minas (NYSE:CIG) to Neutral with a price target of $2.60, changing its price target from $3.20 to $2.60. Shares of Cia Energetica DE Minas are trading down 3.95% over the last 24 hours, at $2.19 per share. A move to $2.60 would account for a 18.72% increase from the current share price. About Cia Energetica DE Minas Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states ...Full story available on Benzinga.com

U.S. stocks traded mixed, with the Dow Jones gaining around 90 points on Friday. Shares of Bitfarms Ltd. (NASDAQ: BITF) shares fell sharply during Friday’s session after the company announced a C$60 million private placement with U.S. institutional investors. Bitfarms shares dipped 9.9% to $1.0450 on Friday. Here are some other big stocks recording gains in today’s ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc raised Broadcom Inc. (NASDAQ: AVGO) price target from $1,000 to $1,200. Keybanc analyst John Vinh maintained an Overweight rating. Broadcom shares fell 0.9% to close at $972.00 on Wednesday. See how other analysts view this stock. Deutsche Bank increased the price target for HUTCHMED (China) Limited (NASDAQ: HCM) from $20 to $22.1. Deutsche Bank analyst Cyrus Ng upgraded the stock from Hold to Buy. HUTCHMED shares rose 0.4% to close at $18.24 on Wednesday. See how other analysts view this stock. Needham slashed Allot Ltd. (NASDAQ: ALLT) price target from $4 to $2.5. Needham analyst Alex Henderson maintained a Buy rating. Allot shares closed at $1.36 on Wednesday. See ...Full story available on Benzinga.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Invest in utility stocks like Telefonica Brasil (VIV), Pampa Energia (PAM) and CEMIG (CIG) for steady returns and reduction of risk in a volatile market.