Formerly Eletrobras, Brazil's largest power generator and transmission company, privatized in 2022 and listed on B3 as AXIA3.
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Axia Energia's board approved on September 3 the redemption of 111,591,072 class C preferred shares at R$ 55.56 each, R$ 6.2 billion in total, with an option to convert into common shares one for one, per InfoMoney and Money Times.
Updated November 05, 2026 · 6 verified articles
Market transmission
The stock tracks free-market power prices, regulated transmission revenue, the compulsory-loan liabilities and capital allocation decisions such as redemptions, buybacks and dividends.
Explanatory mechanism, not a forecast or recommendation.Axia Energia, formerly Eletrobras, posted adjusted net income of R$ 1.759 billion in the third quarter of 2026, down 19% in a year, and reported profit of R$ 1.113 billion, reversing a R$ 5.4 billion loss, according to Money Times and Times Brasil.
Axia Energia on October 20 approved redeeming about 59.26 million class C preferred shares, 18.54% of the class, for R$ 3.48 billion at R$ 58.72 per share, according to UOL and Investidor10. Payment is scheduled for November 6.
Axia Energia sold shares of transmission company Isa Energia and now holds 17.14% of its capital, according to Money Times and Investidor10.
The board of Axia Energia, formerly Eletrobras, approved on September 22 the redemption of 70,716,228 class C preferred shares, equivalent to 15.46% of the class, for R$ 3.9 billion, at R$ 55.15 per share, the closing price of the common shares on September 21. Shareholders may choose between September 28 and 30 to convert PNC shares into common shares on a one-for-one basis; those who do not choose will have their shares redeemed. It is the fourth such operation, which works as a buyback program to simplify the capital structure.
The National Electric System Operator is weighing activating on the September 7 holiday the emergency protocol that orders distributors to curtail generation from large and small plants during low-load periods, per CNN Brasil and Poder360. ONS rates the chance of activation as low on Monday and moderate on Sunday, September 6; the plan was already triggered on June 7 and August 23 this year, per Poder360.
The board of Axia Energia, formerly Eletrobras, approved on September 3 the redemption of 111,591,072 class C preferred shares at R$ 55.56 each, R$ 6.2 billion in total, per InfoMoney and Money Times. The PNC shares were created in 2025 to distribute profit reserves through a stock bonus, and holders may opt to convert into common shares one for one.