Huaneng Power International Inc. (NYSE:HNP)’s share price traded down 4.5% on Tuesday . The company traded as low as $23.55 and last traded at $23.59, with a volume of 56,235 shares traded. The stock had previously closed at $24.69.

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

The firm has a market capitalization of $8.95 billion and a PE ratio of 4.57. The stock has a 50 day moving average price of $24.93 and a 200 day moving average price of $29.67.

An institutional investor recently raised its position in Huaneng Power International stock. Dimensional Fund Advisors LP raised its position in shares of Huaneng Power International Inc. (NYSE:HNP) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

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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