Centrais Eletricas Brasileiras S.A.-ELETROBRAS shares are currently trading down about 0.6% on the day.

FORBES: Connect

Take Brazilian government owned oil company Petrobras and energy holding company Eletrobras , for example.

FORBES: Investor Picks In The BRICs For December

Responsibility for construction of Angra II and, later, III was transferred to Eletrobras subsidiary Furnas.

FORBES: Brazil's Senate OKs Tax Breaks for Nuclear Power

Ronaldo Fabricio, president of Eletronuclear, the nuclear-generating division of Eletrobras, boasts that Brazil's known reserves of uranium could supply 30 stations like Angra 2 for 30 years and only about a third of the country has been prospected for uranium.

ECONOMIST: Nuclear energy in Brazil

Eletronuclear is a subsidiary of Eletrobras.

FORBES: Brazil's Senate OKs Tax Breaks for Nuclear Power

The new ruling, passed June 3, gives Brazilian government owned power company Eletrobras (EBR), along with national and international equipment partners, the ability to buy capital goods, building materials, infrastructure materials and nuclear industry specific technologies for use in energy generation without having to pay the IPI, or industrial production tax, nor tariffs on imported goods.

FORBES: Brazil's Senate OKs Tax Breaks for Nuclear Power

In the case of Centrais Eletricas Brasileiras S.A.-ELETROBRAS , the RSI reading has hit 29.5 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 42.5, the RSI of WTI Crude Oil is at 20.3, and the RSI of Henry Hub Natural Gas is presently 54.1.

FORBES: Connect