StockNews.com started coverage on shares of Smart Powerr (NASDAQ:CREG – Get Rating) in a research note issued to investors on Sunday. The firm set a “sell” rating on the business services provider’s stock.
Shares of NASDAQ:CREG opened at $3.72 on Friday. Smart Powerr has a 1 year low of $3.27 and a 1 year high of $10.62. The stock’s fifty day moving average price is $5.09 and its 200-day moving average price is $5.50.
An institutional investor recently bought a new position in Smart Powerr stock. Citadel Advisors LLC purchased a new position in Smart Powerr Corp. (NASDAQ:CREG – Get Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing. 0.31% of the stock is owned by institutional investors and hedge funds.
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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