What smart money is saying about Energisa
1 fund in our archive has pitched Energisa — most recently Squadra Investimentos Long-Biased and Long-Only Funds in June 2026.
Energisa S.A., through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydraulic, solar, and wind projects. It also provides natural gas for businesses and vehicular natural gas, as well as value-added services. In addition, the company engages in aerial thermographic inspection and insurance brokerage activities. The company was founded in 1905 and is headquartered in Cataguases, Brazil. Energisa S.A. operates as a subsidiary of Gipar S.A.
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Position history
Every position in Energisa on record in the archive was reported in Q2 2026, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position
- HoldsSquadra Investimentos Long-Biased and Long-Only FundsJune 2026
“As we do not control possible more favorable scenarios for the Brazilian cost of capital, nor the pace at which other market participants will recognize the qualities we see in the company, we avail ourselves of "delayed recognition" to have Energisa as one of the funds' largest investments.”
Energisa
Fund coverage · 1 thesis
- Squadra Investimentos Long-Biased and Long-Only FundsJune 2026
Energisa is an operationally excellent, family-controlled electricity distributor with high-growth concessions, returns above regulatory cost of capital, and reinvestment at attractive rates, offering over 50% upside at current prices.
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