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    Guilerme

    Senior Equity Research Analyst at Santander

    Guilherme Palhares is a Senior Equity Research Analyst at Santander, specializing in financial sector research with a focus on stock recommendations and market analysis. Since joining Santander as a Senior Analyst in 2023, he has delivered rigorous coverage and buy recommendations, particularly for companies in financial services, and is recognized for setting actionable target prices. Previously, he served as Vice President & Research Analyst at another institution, following his graduation from the Federal University of Rio de Janeiro. Palhares is known for his insightful approach and notable professional credentials, contributing to Santander’s reputation in equity research.

    Guilerme's questions to ENERGY CO OF PARANA (ELP) leadership

    Guilerme's questions to ENERGY CO OF PARANA (ELP) leadership • Q2 2024

    Question

    Guilerme from Santander asked for an update on COPEL's energy commercialization strategy, focusing on the expected evolution of contracting levels and the price outlook for the second half of the year.

    Answer

    Executive Rodolfo Lima explained that the company's strategy is to leverage market volatility, noting they increased contracting in June as long-term prices recovered. He confirmed that energy for 2024 and 2025 is almost fully sold, with the focus now shifting to longer-term contracts for 2026 and beyond. Executive Daniel Slaviero added that long-term energy prices are already showing improvement, trading above 170-175 BRL/MWh, and he believes the market will increasingly value the stability provided by hydropower.

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