Huaneng Power International Inc. (HNP) Trading Up 3.4%
Huaneng Power International Inc. (NYSE:HNP) shares were up 3.4% on Friday . The stock traded as high as $25.76 and last traded at $25.62, with a volume of 99,930 shares traded. The stock had previously closed at $24.77.
Several research analysts have recently weighed in on HNP shares. Citigroup Inc. downgraded Huaneng Power International from a “buy” rating to a “sell” rating in a research note on Monday, April 18th. Zacks Investment Research downgraded Huaneng Power International from a “hold” rating to a “strong sell” rating in a research note on Friday, April 29th. Macquarie downgraded Huaneng Power International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Morgan Stanley downgraded Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 25th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Huaneng Power International presently has an average rating of “Hold” and an average price target of $36.00.
The stock has a market capitalization of $9.74 billion and a PE ratio of 5.83. The company’s 50-day moving average is $24.27 and its 200-day moving average is $29.31.
A hedge fund recently raised its stake in Huaneng Power International stock. First Trust Advisors LP boosted its stake in Huaneng Power International Inc. (NYSE:HNP) by 26.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 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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