Huaneng Power International Inc. (HNP) Trading 3.4% Higher
Huaneng Power International Inc. (NYSE:HNP)’s share price traded 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 changing hands. The stock had previously closed at $24.77.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Huaneng Power International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Citigroup Inc. downgraded Huaneng Power International from a “buy” rating to a “sell” rating in a research report on Monday, April 18th. Macquarie downgraded Huaneng Power International from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Morgan Stanley downgraded Huaneng Power International from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $36.00.
The company has a 50-day moving average price of $24.35 and a 200 day moving average price of $29.35. The company has a market cap of $9.74 billion and a PE ratio of 5.77.
An institutional investor recently raised its position in Huaneng Power International stock. Dimensional Fund Advisors LP raised its stake in Huaneng Power International Inc. (NYSE:HNP) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.
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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