Huaneng Power International Inc. (NYSE:HNP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “
Several other research firms also recently commented on HNP. BNP Paribas downgraded shares of Huaneng Power International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 6th. Morgan Stanley downgraded shares of Huaneng Power International from an “overweight” rating to an “equal weight” rating in a report on Monday, July 25th. Finally, TheStreet downgraded shares of Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average price target of $36.00.
Shares of Huaneng Power International (NYSE:HNP) traded up 0.40% on Wednesday, reaching $25.38. The company had a trading volume of 30,257 shares. The stock’s 50 day moving average is $25.13 and its 200 day moving average is $27.32. Huaneng Power International has a 52 week low of $22.84 and a 52 week high of $50.36. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 5.77 and a beta of 0.58.
Institutional investors have recently bought and sold shares of the company. Sensato Investors LLC acquired a new position in Huaneng Power International during the first quarter worth $231,000. KCG Holdings Inc. acquired a new position in Huaneng Power International during the second quarter worth $279,000. Bank of Montreal Can acquired a new position in Huaneng Power International during the second quarter worth $342,000. BlackRock Investment Management LLC acquired a new position in Huaneng Power International during the second quarter worth $497,000. Finally, State Street Corp raised its position in Huaneng Power International by 57.6% in the first quarter. State Street Corp now owns 28,606 shares of the company’s stock worth $1,018,000 after buying an additional 10,454 shares during the last quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.
Huaneng Power International Company Profile
Huaneng Power International, Inc (Huaneng Power) is an independent power producer. The Company and its subsidiaries are engaged in the generation and sale of electric power to the respective regional or provincial grid companies in the People’s Republic of China (PRC) and in the Republic of Singapore (Singapore).
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