Credit Suisse Group upgraded shares of Huaneng Power International (NYSE:HNP) from a neutral rating to an outperform rating in a research report released on Thursday, The Fly reports.

A number of other equities research analysts also recently weighed in on HNP. ValuEngine downgraded shares of Huaneng Power International from a hold rating to a sell rating in a research note on Wednesday, June 20th. Zacks Investment Research raised shares of Huaneng Power International from a strong sell rating to a hold rating in a research note on Tuesday, August 7th. Daiwa Capital Markets raised shares of Huaneng Power International from a sell rating to a hold rating in a research note on Thursday, May 17th. Finally, JPMorgan Chase & Co. downgraded shares of Huaneng Power International from an overweight rating to a neutral rating in a research note on Thursday, August 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $30.00.

HNP stock opened at $25.63 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.40 and a quick ratio of 0.33. Huaneng Power International has a 12 month low of $23.64 and a 12 month high of $31.03. The company has a market capitalization of $9.48 billion, a PE ratio of 64.08, a PEG ratio of 1.37 and a beta of 0.63.

Huaneng Power International (NYSE:HNP) last released its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.19 EPS for the quarter. Huaneng Power International had a net margin of 1.54% and a return on equity of 2.51%. The company had revenue of $6.14 billion during the quarter. equities research analysts predict that Huaneng Power International will post 1.38 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Aperio Group LLC raised its stake in shares of Huaneng Power International by 21.2% during the first quarter. Aperio Group LLC now owns 47,446 shares of the utilities provider’s stock worth $1,274,000 after acquiring an additional 8,315 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Huaneng Power International during the first quarter worth approximately $485,000. Jane Street Group LLC raised its stake in shares of Huaneng Power International by 421.1% during the first quarter. Jane Street Group LLC now owns 140,944 shares of the utilities provider’s stock worth $3,785,000 after acquiring an additional 113,899 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Huaneng Power International by 14.9% during the first quarter. Guggenheim Capital LLC now owns 171,167 shares of the utilities provider’s stock worth $4,596,000 after acquiring an additional 22,257 shares in the last quarter. Finally, Banco de Sabadell S.A purchased a new position in shares of Huaneng Power International during the first quarter worth approximately $504,000. 0.81% of the stock is currently owned by institutional investors and hedge funds.

Huaneng Power International Company Profile

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

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