Huaneng Power International Inc. (NYSE:HNP)’s share price gapped up prior to trading on Monday . The stock had previously closed at $23.70, but opened at $23.88. Huaneng Power International shares last traded at $24.14, with a volume of 28,549 shares traded.

A number of equities analysts have commented on HNP shares. Zacks Investment Research raised shares of Huaneng Power International from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley downgraded shares of Huaneng Power International from an “overweight” rating to an “equal weight” rating in a report on Monday, July 25th. Macquarie downgraded shares of Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Citigroup Inc. downgraded shares of Huaneng Power International from a “buy” rating to a “sell” rating in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. downgraded shares of Huaneng Power International from an “overweight” rating to an “underweight” rating in a report on Monday, April 11th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.00.

The company has a market cap of $9.16 billion and a P/E ratio of 5.43. The stock’s 50 day moving average price is $24.59 and its 200-day moving average price is $29.47.

An institutional investor recently raised its position in Huaneng Power International stock. Dimensional Fund Advisors LP increased its stake in Huaneng Power International Inc. (NYSE:HNP) by 0.6% during the fourth quarter, according to its most recent Form 13F filing 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 at the end of the most recent quarter.

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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