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Brazil reservoir recovery threatened by severe El Niño forecast
Valor Econômico·BR·about 15 hours ago
XP reiterates its buy recommendation for Axia (AXIA3), arguing the market has not yet priced in the potential of flexible hydropower plants. The phrase 'storm before the calm' suggests near-term volatility but a positive medium-term outlook. This is a single-broker view, not a consensus shift, so market impact is limited.