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    Felipe Andrade

    Vice President and analyst at Itau BBA

    Felipe Andrade is a Vice President and analyst at Itau BBA, specializing in the coverage of Brazilian utilities and infrastructure companies such as Copasa. With a career spanning several years in the financial sector, Andrade has developed sector-specific insights and maintains strong relationships through his client-facing research activities. He joined Itau BBA recently, after previous roles at other institutions, accumulating an average tenure of over two years per company. Andrade holds notable professional credentials and is recognized for his analytical rigor, consistently contributing to Itau BBA’s reputation in marketplace research.

    Felipe Andrade's questions to BRAZILIAN ELECTRIC POWER (EBR) leadership

    Felipe Andrade's questions to BRAZILIAN ELECTRIC POWER (EBR) leadership • Q2 2025

    Question

    Felipe Andrade from Itau BBA asked for more details on Eletrobras's Q2 trading strategy, specifically how subsidiaries contributed to ACL margins, and inquired about the recurring CapEx forecast for improvements.

    Answer

    Italo Freitas, VP of Trade and Energy Solutions, explained that the trading strategy involves a portfolio analysis to find clients that add value, with a focus on each submarket. An executive elaborated that the strategy for the year involved leaving more energy uncontracted for later quarters to capitalize on potential price increases. Elio Wolfe, VP of Strategy and Business Development, highlighted that investments in reinforcements and improvements are growing, projecting over BRL 4.5 billion for 2025, up from around BRL 3.3 billion in 2024.

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