Huaneng Power International (NYSE:HNP) Stock Rating Lowered by Zacks Investment Research

Huaneng Power International (NYSE:HNP – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

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. “

Separately, StockNews.com raised shares of Huaneng Power International from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Shares of HNP traded down $1.15 on Tuesday, hitting $18.00. 17,898 shares of the stock traded hands, compared to its average volume of 22,927. The company has a market capitalization of $7.06 billion, a PE ratio of -3.73, a P/E/G ratio of 0.53 and a beta of 0.76. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.41 and a current ratio of 0.50. The business has a 50 day simple moving average of $19.36 and a 200 day simple moving average of $20.52. Huaneng Power International has a one year low of $13.05 and a one year high of $28.77.

Hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its holdings in Huaneng Power International by 74.4% in the first quarter. Lindbrook Capital LLC now owns 1,507 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 643 shares during the last quarter. UBS Group AG boosted its holdings in Huaneng Power International by 116.0% in the third quarter. UBS Group AG now owns 3,432 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 1,843 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Huaneng Power International by 30.8% in the fourth quarter. Quadrant Capital Group LLC now owns 4,284 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 1,010 shares during the last quarter. Bank of America Corp DE boosted its holdings in Huaneng Power International by 155.6% in the second quarter. Bank of America Corp DE now owns 10,685 shares of the utilities provider’s stock worth $169,000 after purchasing an additional 6,504 shares during the last quarter. Finally, Corient Capital Partners LLC purchased a new stake in Huaneng Power International in the third quarter worth approximately $227,000. Institutional investors own 0.49% of the company’s stock.

About Huaneng Power International (Get Rating)

Huaneng Power International, Inc, together with its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and internationally. 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.

Featured Articles