** Shares in Brazilian power company Auren Energia AURE3.SA fall sharply following its fourth quarter results
** Auren posted a net loss of 363.6 million reais ($62.86 million) for the period, down from a 220.2 million real-profit a year earlier
** Executives say Auren has been capturing synergies after the 2024 acquisition of the Brazilian operations of AES Corp
** The company in 2025 will move forward with plans to build the Cajuina 3 wind power complex, they add
** Citi analysts say that while Auren presented higher-than-expected synergy gains from the AES deal in the fourth quarter, they weren't enough to offset poor results
** "Curtailment and generation remain a concern, alongside a still stretched balance sheet, especially under a still uncertain macro scenario," Citi says
** Auren's shares slip more than 6.5%, the biggest faller on Brazil's benchmark stock index Bovespa .BVSP, which is up 0.5%
** Year-to-date, Auren is down roughly 7%
** Auren is controlled by Brazilian conglomerate Votorantim and Canada's CPP Investments
($1 = 5.7844 reais)
(Reporting by Gabriel Araujo and Leticia Fucuchima)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))
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