Petrobras Closes 49.99% Stake in Lightsource bp Brazil, Deepening Solar Push
Petrobras has finalized the acquisition of a 49.99% stake in Lightsource bp's Brazilian subsidiaries, forming a joint venture to develop renewable energy and storage projects. This move aligns with Petrobras's 2026-2030 business plan to expand its solar generation and clean energy presence in Brazil. Analysts rate Petrobras (PBR) as a Buy with a $24.80 price target, and TipRanks' AI Analyst, Spark, also rates it as Outperform due to solid financial performance and attractive valuation.
APR 29·Reuters→
Brazil's Braskem elects Petrobras CEO as new chair, reports Folha
Brazilian petrochemical firm Braskem (BRKM3.SA) has elected Magda Chambriard, the chief executive of state-run oil company Petrobras (PETR3.SA), as its new board chair. This information comes from local newspaper Folha de S. Paulo, citing sources. Both Braskem and Petrobras have not yet responded to requests for comment regarding the report.
APR 29·Stock Titan→
Petrobras (PBR) director Guilherme Santos Mello files initial Form 3
Guilherme Santos Mello, a director at Petrobras (PBR), has filed an initial Form 3, which is a required statement of beneficial ownership for insiders. The filing indicates no transactions in the company's securities and no derivative positions at the time of disclosure. This Form 3 serves as an initial record of his ownership, establishing a baseline for any future insider transactions.
