Smart Powerr (NASDAQ:CREG) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Smart Powerr (NASDAQ:CREGGet Rating) in a report released on Tuesday. The brokerage set a “sell” rating on the business services provider’s stock.

NASDAQ:CREG opened at $5.65 on Tuesday. Smart Powerr has a 12 month low of $3.69 and a 12 month high of $10.62. The company has a 50 day simple moving average of $6.05 and a two-hundred day simple moving average of $5.86.

An institutional investor recently bought a new position in Smart Powerr stock. Citadel Advisors LLC bought a new stake in shares of Smart Powerr Corp. (NASDAQ:CREGGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,762 shares of the business services provider’s stock, valued at approximately $144,000. Citadel Advisors LLC owned approximately 0.24% of Smart Powerr at the end of the most recent quarter. 0.81% of the stock is currently owned by institutional investors.

About Smart Powerr (Get Rating)

Smart Powerr Corp. engages in the recycling energy business in China. The company designs, finances, constructs, installs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. It provides waste pressure-to-energy solutions, including the Blast Furnace Top Gas Recovery Turbine Unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generate electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes.

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