Huaneng Power International Inc. (HNP) Rating Increased to Hold at Zacks Investment Research
Huaneng Power International Inc. (NYSE:HNP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “
Other equities analysts also recently issued research reports about the company. Morgan Stanley downgraded Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 25th. TheStreet downgraded Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Monday, August 29th. Finally, BNP Paribas downgraded Huaneng Power International from a “hold” rating to a “reduce” rating in a research report on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Huaneng Power International has an average rating of “Sell” and a consensus target price of $36.00.
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Huaneng Power International (NYSE:HNP) traded up 0.04% during trading on Wednesday, hitting $25.29. The stock had a trading volume of 92,593 shares. The company’s 50 day moving average is $25.13 and its 200-day moving average is $27.24. The company has a market cap of $9.61 billion, a PE ratio of 5.75 and a beta of 0.58. Huaneng Power International has a 12 month low of $22.84 and a 12 month high of $50.36.
Several institutional investors have recently added to or reduced their stakes in HNP. Aperio Group LLC increased its position in Huaneng Power International by 2.4% in the first quarter. Aperio Group LLC now owns 36,015 shares of the company’s stock valued at $1,281,000 after buying an additional 831 shares during the period. Capital Guardian Trust Co. increased its position in Huaneng Power International by 7.8% in the second quarter. Capital Guardian Trust Co. now owns 33,616 shares of the company’s stock valued at $839,000 after buying an additional 2,419 shares during the period. Granite Investment Advisors Inc. increased its position in Huaneng Power International by 2.5% in the second quarter. Granite Investment Advisors Inc. now owns 133,926 shares of the company’s stock valued at $3,344,000 after buying an additional 3,242 shares during the period. First Trust Advisors LP increased its position in Huaneng Power International by 13.9% in the second quarter. First Trust Advisors LP now owns 42,622 shares of the company’s stock valued at $1,064,000 after buying an additional 5,198 shares during the period. Finally, Sensato Investors LLC purchased a new position in Huaneng Power International during the first quarter valued at $231,000. Institutional investors and hedge funds 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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