Neoenergia S.A. NEOE3

NEOE3 Company Overview

Neoenergia S.A. is one of Brazil’s largest integrated electric utility groups, operating across the generation, transmission, distribution, and commercialization segments of the power sector. Listed on B3 under the ticker NEOE3, the company is controlled by Spain-based Iberdrola S.A., which has maintained a strategic presence in Brazil through Neoenergia’s predecessor companies since the late 1990s. Neoenergia operates primarily in the regulated electricity market while also participating in renewable energy development and energy trading activities. Its operations are concentrated in the Brazilian electricity infrastructure sector, serving residential, commercial, industrial, and public-sector customers.

The company’s principal revenue drivers are electricity distribution concessions, transmission assets with regulated returns, and renewable energy generation projects, particularly wind and hydroelectric facilities. Neoenergia has expanded through acquisitions and consolidation of regional utilities, including the integration of CELPE, Coelba, Cosern, and later Elektro Holding. The company is positioned as a major participant in Brazil’s energy transition due to its emphasis on renewable generation, grid modernization, and long-duration regulated infrastructure assets.