🔴 CPFL Energia is trading 4.02% down today on higher leverage and financing costs

CPFL Energia is trading BRL 41.49 (-4.02%) today as investors focus on higher leverage and financing costs.

• Second-quarter net income reached BRL 1.366 billion, up 21.3% year over year.
• Net debt rose 19.2% annually to BRL 32.5 billion, while financial expenses increased 47.9% to BRL 986 million.
• The negative reaction appears company-specific as broader U.S. markets were modestly positive.