Zacks Investment Research upgraded shares of Huaneng Power International (NYSE:HNP) from a hold rating to a buy rating in a report released on Tuesday, January 23rd. They currently have $30.00 price objective on the utilities provider’s stock.
According to Zacks, “Huaneng Power Intl. develops, constructs, owns and operates large coal-fired power plants throughout China. They own and operate power plants located in Liaoning, Fujian, Hebei, Jiangsu and Guangdong. “
Several other equities research analysts have also commented on HNP. ValuEngine upgraded shares of Huaneng Power International from a hold rating to a buy rating in a research report on Monday, October 2nd. Daiwa Capital Markets lowered shares of Huaneng Power International from a hold rating to a sell rating in a report on Monday, November 27th. CLSA upgraded shares of Huaneng Power International from a sell rating to an outperform rating in a report on Monday, November 6th. Finally, JPMorgan Chase & Co. restated an overweight rating on shares of Huaneng Power International in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $30.00.
Shares of Huaneng Power International (NYSE HNP) opened at $24.32 on Tuesday. Huaneng Power International has a 1 year low of $23.67 and a 1 year high of $31.85. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.29. The company has a market cap of $9,188.64, a PE ratio of 35.25, a P/E/G ratio of 0.52 and a beta of 0.73.
A number of large investors have recently added to or reduced their stakes in HNP. Jane Street Group LLC purchased a new position in Huaneng Power International in the 3rd quarter valued at about $2,799,000. Arrowstreet Capital Limited Partnership purchased a new position in Huaneng Power International in the 2nd quarter valued at about $1,469,000. First Allied Advisory Services Inc. acquired a new position in shares of Huaneng Power International during the 3rd quarter valued at about $558,000. Wells Fargo & Company MN increased its stake in shares of Huaneng Power International by 92.5% during the 3rd quarter. Wells Fargo & Company MN now owns 29,438 shares of the utilities provider’s stock valued at $719,000 after acquiring an additional 14,149 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Huaneng Power International by 25.4% during the 4th quarter. Bank of Montreal Can now owns 51,705 shares of the utilities provider’s stock valued at $1,293,000 after acquiring an additional 10,482 shares during the last quarter. Institutional investors own 0.55% of the company’s stock.
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Huaneng Power International Company Profile
HUANENG POWER INTERNATIONAL,INC. is a China-based company principally engaged in the development, construction, operation and management of power plants. The Company mainly operates through the generation and sale of electric power. The Company also provides supply of heat. The Company operates its business both in domestic market and to overseas market.
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