Huaneng Power International Inc. (NYSE:HNP) gapped down before the market opened on Monday . The stock had previously closed at $24.46, but opened at $24.59. Huaneng Power International shares last traded at $24.85, with a volume of 50,061 shares traded.

A number of brokerages have weighed in on HNP. Morgan Stanley cut Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 25th. Macquarie cut Huaneng Power International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 31st. Zacks Investment Research upgraded Huaneng Power International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. JPMorgan Chase & Co. cut Huaneng Power International from an “overweight” rating to an “underweight” rating in a research note on Monday, April 11th. Finally, Citigroup Inc. cut Huaneng Power International from a “buy” rating to a “sell” rating in a research note on Monday, April 18th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Huaneng Power International has a consensus rating of “Hold” and an average price target of $36.00.

The stock’s 50-day moving average price is $25.00 and its 200-day moving average price is $29.73. The company has a market cap of $9.37 billion and a price-to-earnings ratio of 4.78.

An institutional investor recently raised its position in Huaneng Power International stock. Dimensional Fund Advisors LP increased its position in shares of Huaneng Power International Inc. (NYSE:HNP) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,942 shares of the company’s stock after buying an additional 921 shares during the period. Dimensional Fund Advisors LP’s holdings in Huaneng Power International were worth $5,588,000 as of its most recent SEC filing.

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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