Neoenergia (NEOE3) Stock Overview
Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 1/6 |
Rewards
Risk Analysis
NEOE3 Community Fair Values
Create NarrativeSee what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Neoenergia S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R$33.80 |
| 52 Week High | R$33.87 |
| 52 Week Low | R$21.72 |
| Beta | 0.25 |
| 1 Month Change | 1.11% |
| 3 Month Change | 4.06% |
| 1 Year Change | 55.55% |
| 3 Year Change | 117.08% |
| 5 Year Change | 103.61% |
| Change since IPO | 111.25% |
Recent News & Updates
Narrative Update • Apr 21
NEOE3: Index Removals Will Set Up Future Upside If Execution Improves
Analysts kept the Neoenergia fair value estimate steady at R$42.60, while slightly adjusting model inputs and taking a more cautious tone in their latest commentary following a downgrade in Street research. Analyst Commentary Street research has recently taken a more cautious stance on Neoenergia, with at least one report shifting to a bearish view.
Narrative Update • Apr 06
NEOE3: Softer Sentiment And Tighter Execution Risks Will Pressure Future Rerating
Analysts have trimmed their price target on Neoenergia to R$25.14. This small adjustment reflects slightly lower revenue growth expectations, a modestly reduced discount rate and a marginally higher future P/E, alongside a recent downgrade in Street research sentiment.Recent updates
Narrative Update • Apr 21
NEOE3: Index Removals Will Set Up Future Upside If Execution Improves
Analysts kept the Neoenergia fair value estimate steady at R$42.60, while slightly adjusting model inputs and taking a more cautious tone in their latest commentary following a downgrade in Street research. Analyst Commentary Street research has recently taken a more cautious stance on Neoenergia, with at least one report shifting to a bearish view.Narrative Update • Apr 06
NEOE3: Softer Sentiment And Tighter Execution Risks Will Pressure Future Rerating
Analysts have trimmed their price target on Neoenergia to R$25.14. This small adjustment reflects slightly lower revenue growth expectations, a modestly reduced discount rate and a marginally higher future P/E, alongside a recent downgrade in Street research sentiment.Narrative Update • Mar 23
NEOE3: Index Inclusion And Execution Will Drive Upside Despite Recent Downgrade
Analysts have trimmed their stance on Neoenergia, with a lower R$ price target reflecting a slightly higher assumed revenue decline, a marginally softer profit margin, and a modestly reduced discount rate following a downgrade from Scotiabank and similar cautious research updates. Analyst Commentary Analyst sentiment around Neoenergia is mixed, with some research turning more cautious on revenue and profitability assumptions while others still highlight reasons to stay constructive on the name.Narrative Update • Mar 09
NEOE3: Rising Discount Rate Will Pressure Earnings Expectations And Share Rerating
Analysts have adjusted their price target on Neoenergia from R$24.10 to about R$25.14, reflecting updated views on discount rates, revenue expectations, margins, and future P/E assumptions. Analyst Commentary Some bearish analysts have recently taken a more cautious stance on Neoenergia, including at least one downgrade in their formal ratings.Narrative Update • Feb 22
NEOE3: Iberdrola Tender Offer Will Drive Upside Despite Recent Downgrade
Analysts have trimmed their price expectations for Neoenergia to R$42.60, citing a more cautious stance reflected in recent downgrades and updated views on discount rates, revenue growth assumptions, profit margins and future P/E levels. Analyst Commentary While some research houses have turned more cautious, there are still Bullish analysts who point to potential upside if Neoenergia executes well against current expectations and market assumptions.Narrative Update • Feb 08
NEOE3: Iberdrola Tender Offer Will Support Upside Despite Recent Downgrade
Analysts have trimmed their price targets on Neoenergia to reflect slightly adjusted assumptions on revenue growth, profit margins and discount rates, with the more cautious stance highlighted by a recent downgrade at Scotiabank. Analyst Commentary Even with a recent downgrade, some research remains constructive on Neoenergia, focusing on how current pricing reflects the balance between risk and potential reward.Narrative Update • Jan 24
NEOE3: Iberdrola Control And Tender Offer Will Drive Further Upside
Analysts have trimmed their price targets on Neoenergia by a small amount in currency terms, citing updated assumptions around slightly softer revenue growth, a higher projected profit margin of about 9.21%, and a lower future P/E of roughly 17.97x. What's in the News Neoenergia S.A. has been added to the Brazil IBRX Index, which tracks a broad group of Brazilian stocks and can influence how index funds and institutional investors view the company (Index Constituent Adds).
Narrative Update • Jan 10
NEOE3: Full Control Will Be Sought While Fundamentals Remain Largely Steady
Analysts have kept their fair value estimate for Neoenergia steady at R$33.56 per share, with a slightly higher discount rate and marginal tweaks to long term revenue, margin and forward P/E assumptions guiding this unchanged price target. What's in the News Iberdrola Energía reached an agreement to acquire an additional 30.29% stake in Neoenergia from Caixa de Previdencia dos Funcionarios do Banco do Brasil for BRL 11.95b at BRL 32.50 per share, with closing initially expected in the fourth quarter of 2025, subject to regulatory approvals (Key Developments).Narrative Update • Dec 25
NEOE3: Iberdrola Control And Tender Offer Will Unlock Further Upside
Analysts have raised their price target on Neoenergia from R$40.00 to R$42.60. This reflects increased confidence in a return to revenue growth and slightly higher long term earnings multiples, despite a modestly higher discount rate and stable profit margins.Narrative Update • Dec 11
NEOE3: Full Ownership Will Be Pursued While Outlook Remains Broadly Stable
Analysts have slightly raised their price target on Neoenergia to R$33.56 from R$33.56. This reflects modest tweaks to the discount rate and earnings assumptions while maintaining a broadly unchanged fundamental outlook.Narrative Update • Nov 27
NEOE3: Full Ownership Will Be Gained Following Completed 30.29% Stake Deal
Analysts have slightly raised their price target for Neoenergia from R$33.48 to R$33.56. They cite improved expectations for discount rates and revenue growth, despite minor adjustments to profit margin and future valuation metrics.Narrative Update • Nov 12
NEOE3: Ownership Will Climb To 83.8% Pending Acquisition Approval
Neoenergia's analyst price target has been raised modestly from R$32.94 to R$33.48, as analysts factor in slight improvements in profit margin and forward price-to-earnings multiples, even though revenue growth projections have been lowered. What's in the News Iberdrola Energía has agreed to acquire an additional 30.29% stake in Neoenergia for BRL 11.9 billion, valuing shares at BRL 32.5 each (Key Developments).Narrative Update • Oct 29
Majority Stake Acquisition Will Support Improved Margins Amid Revenue Uncertainty
Analysts have raised their price target for Neoenergia from R$32.52 to R$32.94, citing slightly improved profit margin projections and updated discount rate assumptions. This comes despite tempered expectations for revenue growth.Narrative Update • Oct 15
Brazil Renewables Will Drive Growth Amid Operational Risks
Analysts have raised their price target for Neoenergia from R$31.98 to R$32.52. They cite anticipated improvements in profit margins and a more optimistic outlook on revenue growth, despite a slightly higher discount rate.Analysis Article • Sep 08
Neoenergia (BVMF:NEOE3) Might Have The Makings Of A Multi-Bagger
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jul 25
Neoenergia S.A. Just Beat EPS By 502%: Here's What Analysts Think Will Happen Next
Neoenergia S.A. ( BVMF:NEOE3 ) investors will be delighted, with the company turning in some strong numbers with its...
New Narrative • Dec 16
Accelerated Termopernambuco Contract And Decisive Investments Will Boost Earnings
Strategic capital investments and expansions signal potential growth in revenue and earnings as new projects and assets become operational.Shareholder Returns
| NEOE3 | BR Electric Utilities | BR Market | |
|---|---|---|---|
| 7D | 0% | -0.4% | 1.6% |
| 1Y | 55.5% | 16.7% | 16.4% |
Return vs Industry: NEOE3 exceeded the BR Electric Utilities industry which returned 31.2% over the past year.
Return vs Market: NEOE3 exceeded the BR Market which returned 25.1% over the past year.
Price Volatility
| NEOE3 volatility | |
|---|---|
| NEOE3 Average Weekly Movement | 0.2% |
| Electric Utilities Industry Average Movement | 3.6% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in BR Market | 7.8% |
| 10% least volatile stocks in BR Market | 1.9% |
Stable Share Price: NEOE3 has not had significant price volatility in the past 3 months compared to the BR market.
Volatility Over Time: NEOE3's weekly volatility (0%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | 15,525 | Eduardo Capelastegui Saiz | www.neoenergia.com |
Neoenergia S.A. generates, transmits, distributes, trades in, and commercializes electric energy in Brazil. It operates through Networks, Renewables, Liberalized, and Others. The company provides free energy market solutions, such as power management, metering and billing systems, renewable energy certificates, and long-term contracts; green hydrogen, that includes green ammonia, steel, and methanol; industrial gas solutions; solar power plant; and electrified fleet solutions for businesses.
Neoenergia S.A. Fundamentals Summary
| NEOE3 fundamental statistics | |
|---|---|
| Market cap | R$41.03b |
| Earnings (TTM) | R$5.31b |
| Revenue (TTM) | R$53.66b |
7.7x
P/E Ratio0.8x
P/S RatioIs NEOE3 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NEOE3 income statement (TTM) | |
|---|---|
| Revenue | R$53.66b |
| Cost of Revenue | R$41.62b |
| Gross Profit | R$12.04b |
| Other Expenses | R$6.73b |
| Earnings | R$5.31b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.38 |
| Gross Margin | 22.43% |
| Net Profit Margin | 9.90% |
| Debt/Equity Ratio | 164.8% |
How did NEOE3 perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield25%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 17:56 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Neoenergia S.A. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rafael Bezerra Dias | BB Banco de Investimento S.A. |
| Francisco Navarrete | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |
| Carlos Palhares Sequeira | BTG Pactual |