Neoenergia SA (Neoenergia), is a subsidiary of Iberdrola SA, is a holding company is utility. The company provides electricity and power generation, distribution, transmission, commercialization, and trading services. It generates electricity through fuel sources such as hydro, thermal, and wind power plants. Neoenergia also provides trading of electricity in the wholesale energy market and serves consumer units in Bahia, Pernambuco and Rio Grande do Norte and controls distributors Coelba, Celpe and Cosern. The company serves residential, commercial, industrial, rural and public utility customers across Rio de Janeiro, Bahia, Minas Gerais, Rio Grande Norte, Pernambuco, Goias, and Mato Grasso. Neoenergia is headquartered in Rio de Janeiro, Brazil.
Headquarters
Brazil
Address
Praia Do Flamengo, 78, 3 Andar, Flamengo, Rio De Janeiro, 22.210-030
Website
www.neoenergia.com
Telephone
55 21 32359828
No of Employees
11,746
Industry
Power
Ticker Symbol & Exchange
NEOE3 (SAO)
Revenue (2022)
$8.9B
3.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-5.4%
(2022 vs 2021)
Market Cap*
$4.6B
Net Profit Margin (2022)
XYZ
-8.8%
(2022 vs 2021)
* As of and is in US$
Neoenergia SA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Transmission, Distribution and Generation |
| Commercialization Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company signed a cooperation agreement to install a new solar plant and a modern energy storage system at Hospital Santo Antonio in Salvador. |
| 2023 | Contracts/Agreements | In September, the company entered into a partnership with Comerc to invest US$99 million to build 30 small photovoltaic generation plants. |
| 2023 | Contracts/Agreements | In September, the company and the Government of Rio Grande do Norte signed a memorandum of understanding to develop studies for the production of offshore wind generation. |
Competitor Comparison
| Key Parameters | Neoenergia SA | Equatorial Energia SA | CPFL Energia SA | Rede Energia Participacoes SA | Empresa Metropolitana de Aguas e Energia SA |
|---|---|---|---|---|---|
| Headquarters | Brazil | Brazil | Brazil | Brazil | Brazil |
| City | Rio De Janeiro | Sao Luis | Campinas | Cataguases | Sao Paulo |
| State/Province | Rio de Janeiro | - | - | - | Sao Paulo |
| No. of Employees | 11,746 | 1,178 | 6,432 | 7,703 | 507 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| ?Jose Ignacio Sanchez Galan | Chairman | Executive Board | - | - |
| Mario Jose Ruiz-Tagle Larrain | Director; Chief Executive Officer | Executive Board | 2016 | - |
| Eduardo Capelastegui Saiz | Controller; Director | Executive Board | - | - |
| Simone Aparecida Borsato | Director - Development | Senior Management | - | - |
| Lara Cristina Ribeiro Piau Marques | Director - Legal | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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