Bradesco BBI raises target for Alupar stock from BRL 32 to BRL 40

Published on 10/06/2026 at 08:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 55.40 percent and net income 187.60 percent. Eleven analysts set BRL 41.88 for Alupar stock versus BRL 32.57.

Alupar, BRALUPACNOR8, Illustration mit AI erstellt.

Bradesco BBI raised its Alupar stock price target from BRL 32.00 to BRL 40.00 on September 28, 2026, while keeping a neutral rating, according to El Fondo. The revision puts the bank's target 25.00 percent above its previous level and shifts attention to Alupar's project pipeline and capital spending.

Target rises to BRL 40

Bradesco BBI said the new target reflected updated estimates through the end of 2027 for Brazilian power transmission. The bank kept its neutral rating and highlighted project execution, leverage, capital expenditure schedules and the relationship between market value and fair value as factors in its assessment, El Fondo reported on September 28, 2026.

Transmission drives second-quarter growth

Alupar's second-quarter 2026 net revenue rose 55.40 percent year over year, while net income increased 187.60 percent, according to the Quartr summary dated September 18, 2026. The source attributed the improvement to transmission growth, making operating execution the central counterweight to the higher investment burden.

The company operates transmission and generation assets across South America. Its project portfolio includes BRL 4.7 billion and USD 953.00 million in capital expenditure for assets under construction, according to Quartr.

BRL 19.6 billion market value

ALUP3 was last quoted at BRL 12.98 on B3 on October 5, 2026 at 9:31 p.m. BRT, based on the latest structured market snapshot. Alupar's market capitalization was BRL 19.6 billion, while its 52-week range was BRL 10.50 to BRL 14.00 on the same date.

Results date is November 5

Alupar's investor-relations calendar lists the release of third-quarter 2026 results for November 5, 2026, followed by a results conference on November 6, 2026, according to the Alupar investor-relations page. Those dates give investors the next scheduled test of whether transmission growth can offset the company's expansion spending.