Zacks Investment Research upgraded shares of China Res Pwr (OTCMKTS:CRPJY) from a sell rating to a hold rating in a report released on Monday.
According to Zacks, “China Resources Power Holdings Company Limited (CR Power) is a Hong Kong-based investment holding company. The Company operates through three segments: Thermal Power; Renewable Energy; and Coal Mining. Thermal Power is CR Power’s strategic development priority, focusing on developing large-scale coastal thermal power plants, heat and power cogeneration plants, and coal-electricity integration projects. CR Power maintains the position of an industry leader as it continuously improves energy utilization efficiency and reduces emission. Renewable Energy segment is engaged in wind power generation, hydroelectric power generation and photovoltaic power generation, as well as the sales of electricity. Coal Mining segment is engaged in the mining of coal mines, as well as the sales of coal. CR Power’s coal business, mainly located in Shanxi, Henan, Hunan, Jiangsu, Inner Mongolia, Guizhou and other provinces, produces, processes and also distributes high-quality coal resources. “
Shares of China Res Pwr (CRPJY) opened at $27.11 on Monday. China Res Pwr has a 12-month low of $23.44 and a 12-month high of $31.17.
China Resources Power Holdings Company Limited, an investment holding company, engages in investing, developing, operating, and managing power plants and coal mine projects in China. It operates and manages coal-and gas-fired power plants, wind farms, hydro-electric projects, photovoltaic power generation projects, and other clean and renewable energy projects.
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