Clean Green Earth Friendly Investments » Hydro Electric Stocks http://www.cleangreenstocks.com Investing in the future of earth friendly companies. Thu, 24 Jun 2010 02:38:19 +0000 en hourly 1 http://wordpress.org/?v=3.0 Companhia Energetica de Minas Gerais – CIG Looks Good http://www.cleangreenstocks.com/companhia-energetica-de-minas-gerais-cig-looks-good/ http://www.cleangreenstocks.com/companhia-energetica-de-minas-gerais-cig-looks-good/#comments Thu, 20 Sep 2007 00:27:33 +0000 Sensei http://www.cleangreenstocks.com/companhia-energetica-de-minas-gerais-cig-looks-good/
CIG – Companhia Energetica de Minas Gerais is a brazilian Utility company. They have a windfarm, thermoelectric plants, and most of their energy comes from their Hydroelectric plants.

I should start off by talking about how good Brazil looks right now as an investment. The EWZ or Brazil ETF was up huge yesterday over 7.25% in one day. It looks like the emerging markets trade is back on after the Federal Reserve rate cuts.

Now CIG looks like a great investment here from a technical perspective, but at the same time the fundamentals are good. CIG pays an 11% dividend and the dividend is growing. Its relatively cheap with a PE of about 12.

The following stock chart shows how this stock follows the Brazil ETF EWZ.
\'CIG

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