Analyst Coverage

Brokers	Report Date	Recommendation	Target Price (Share PN/ADR)
			R$/Share(CPEL6)	R$/Share(CPLE11)	US$/ADR(ELP)
Bank of America Merrill Lynch	08/03/2021	OUTPERFORM	N/A	36.00	N/A
Bradesco	02/03/2021	MARKETPERFORM	7.60	N/A	N/A
Genial	09/17/2020	MARKETPERFORM	6.57	N/A	N/A
BTG Pactual	11/13/2020	MARKETPERFORM	7.00	N/A	N/A
Citi		IN REVISION	N/A	N/A	N/A
Credit Suisse	11/29/2020	MARKETPERFORM	7.60	N/A	N/A
Eleven Financial	04/07/2021	OUTPERFORM	8.80	N/A	N/A
Goldman Sachs	08/12/2021	MARKETPERFORM	7.00	N/A	N/A
HSBC	08/05/2021	OUTPERFORM	N/A	36.00	7.20
Itaú	08/12/2021	OUTPERFORM	7.40	N/A	N/A
J. P. Morgan	08/12/2021	OUTPERFORM	N/A	37.00	N/A
Morgan Stanley	05/18/2021	MARKETPERFORM	7.00	N/A	N/A
Safra	08/12/2021	MARKETPERFORM	6.70	N/A	N/A
Santander	07/27/2020	MARKETPERFORM	6.75	N/A	N/A
UBS	08/12/2021	OUTPERFORM	8.00	N/A	N/A
XP Investimentos	08/12/2021	OUTPERFORM	7.50	N/A	N/A

N/A = Not Available
R = Revision