Huaneng Power International Inc. (HNP) Shares Gap Up to $25.64
Huaneng Power International Inc. (NYSE:HNP) shares gapped up before the market opened on Monday . The stock had previously closed at $25.38, but opened at $25.64. Huaneng Power International shares last traded at $26.06, with a volume of 83,839 shares.
A number of research analysts 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 lowered Huaneng Power International from a “hold” rating to a “strong sell” rating in a report on Friday, April 29th. Macquarie lowered Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Finally, Morgan Stanley lowered Huaneng Power International from an “overweight” rating to an “equal weight” rating in a report on Monday, July 25th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.00.
The company has a market capitalization of $10.01 billion and a PE ratio of 5.99. The company has a 50 day moving average price of $24.23 and a 200 day moving average price of $29.25.
An institutional investor recently raised its position 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 filing 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 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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