Skip to contentHome page Seeking Alpha - Power to InvestorsBrazilApr 15, 2026, 10:31 PM ETCompanhia Paranaense de Energia - COPEL (ELPC) StockMultiplo Invest3.04K FollowersCommentsSummaryI reiterate my buy rating on Copel, emphasizing continued operational improvements post-privatization.ELP’s robust cash generation, focus on core electricity business, and 100% renewable matrix drive efficiency and profitability.Despite higher EV/EBITDA multiples, I see potential for re-rating as ELP approaches global peer valuations, suggesting further upside.Risks include geographic concentration, regulatory exposure, and curtailment, but the risk-return profile remains attractive given recent execution.Scandistock/E+ via Getty ImagesInvestment ThesisI reiterate my buy recommendation on Copel (ELPC) shares. My coverage of the company's shares began in September 2024, and my last article was published on May 26, 2025. My intention inThis article was written byMultiplo Invest3.04K FollowersMore than 7 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.