COPEL: Value Thesis Taken Shape, Best Yet To Come

Wirestock/iStock via Getty Images In this quarterly update on Companhia Paranaense de Energia - COPEL (NYSE:ELP), I'm upgrading the company's shares from a neutral position to a buy." As highlighted in my previous article, my initial investment thesis centered on COPEL's privatization, which transitioned from a state-controlled entity in Paraná, Brazil, to a private company. Although uncertainties surrounded this process, including a follow-on offering to dilute state ownership, COPEL allocated a significan ...