Shares of Huaneng Power International Inc. (NYSE:HNP) traded up 3.6% during mid-day trading on Thursday . The company traded as high as $25.00 and last traded at $24.86, with a volume of 83,944 shares changing hands. The stock had previously closed at $23.99.

A number of analysts have issued reports on the company. Morgan Stanley lowered Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 25th. Zacks Investment Research lowered Huaneng Power International from a “hold” rating to a “strong sell” rating in a research report on Monday, July 11th. Macquarie lowered Huaneng Power International from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 31st. Citigroup Inc. lowered Huaneng Power International from a “buy” rating to a “sell” rating in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. lowered Huaneng Power International from an “overweight” rating to an “underweight” rating in a research report on Monday, April 11th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $36.00.

The firm has a market cap of $9.33 billion and a PE ratio of 4.77. The company’s 50-day moving average is $25.07 and its 200-day moving average is $29.84.

A hedge fund recently raised its stake in Huaneng Power International stock. First Trust Advisors LP raised its position in shares of Huaneng Power International Inc. (NYSE:HNP) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,071 shares of the company’s stock after buying an additional 9,419 shares during the period. First Trust Advisors LP’s holdings in Huaneng Power International were worth $1,546,000 as of its most recent filing with the SEC.

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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