ValuEngine Downgrades Huaneng Power International (HNP) to Sell

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ValuEngine cut shares of Huaneng Power International (NYSE:HNP) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Huaneng Power International from a strong sell rating to a hold rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. lowered Huaneng Power International from an overweight rating to a neutral rating in a research report on Thursday, August 9th. Finally, Credit Suisse Group raised Huaneng Power International from a neutral rating to an outperform rating in a research report on Thursday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $30.00.

Shares of HNP opened at $23.01 on Tuesday. Huaneng Power International has a 52-week low of $23.00 and a 52-week high of $31.03. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 57.53, a price-to-earnings-growth ratio of 1.29 and a beta of 0.62. The company has a current ratio of 0.40, a quick ratio of 0.33 and a debt-to-equity ratio of 1.28.

Huaneng Power International (NYSE:HNP) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.19 earnings per share (EPS) for the quarter. Huaneng Power International had a return on equity of 2.51% and a net margin of 1.54%. The company had revenue of $6.14 billion for the quarter. Sell-side analysts expect that Huaneng Power International will post 1.38 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of Huaneng Power International in the 2nd quarter valued at approximately $205,000. Banco de Sabadell S.A bought a new stake in shares of Huaneng Power International in the 1st quarter valued at approximately $504,000. Millennium Management LLC increased its holdings in shares of Huaneng Power International by 271.7% in the 1st quarter. Millennium Management LLC now owns 38,557 shares of the utilities provider’s stock valued at $1,035,000 after acquiring an additional 28,183 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Huaneng Power International in the 2nd quarter valued at approximately $1,262,000. Finally, Aperio Group LLC increased its holdings in shares of Huaneng Power International by 20.4% in the 2nd quarter. Aperio Group LLC now owns 57,127 shares of the utilities provider’s stock valued at $1,500,000 after acquiring an additional 9,681 shares during the last quarter. 0.81% of the stock is currently owned by institutional investors.

Huaneng Power International Company Profile

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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