AXIA Energia American Depositary Shares, each representing one Preferred Class B1 Share

AXIA.PR

Market cap $22.4B

Brazilian power company Eletrobras announced on Wednesday it is changing its name to Axia Energia, in a development it said will not impact any contractual, business, or regulatory commitments established by the firm.

Brazil's Eletrobras (ELET3; ELET6) shares rose on Thursday (August 7), even though the business recorded a significant loss for the second quarter and declared a multibillion-real dividend. According to local media outlet E-Investidor, at 11:10 a.m.

The 'Undercovered' Dozen series highlights lesser-known stocks with potential. Today's edition features companies like American Battery Technology, Quantum Corporation, and NervGen Pharma Corp. American Battery Technology is seen as positioned for growth in the battery materials market, bolstered by a $144m DOE grant and strategic partnerships. Quantum Corporation may offer significant upside due to its data management solutions aiding GenAI firms, with deferred revenue boosting free cash flow.