Axia Energia shares surge 5.73% premarket after securing BRL 1.6 billion transmission auction contracts to boost revenue.

Axia Energia surged 5.73% in premarket trading following two key developments: first, the company was awarded four transmission lots in a BRL 1.6 billion investment auction, expected to boost transmission revenue. Second, its rebranding from Eletrobras to Axia Energia, coupled with ticker symbol changes on B3 and NYSE, signaled a strategic shift toward financial discipline and risk reduction after divesting its nuclear stake. The rebranding, emphasizing innovation and operational excellence, aligned with renewed investor optimism as the stock hit fresh highs. Other news, including U.S. government reopening hopes and unrelated CEO changes, lacked direct relevance to Axia’s performance.