Huaneng Power International, Inc. (HNP) Cut to Strong Sell at BidaskClub

BidaskClub lowered shares of Huaneng Power International, Inc. (NYSE:HNP) from a sell rating to a strong sell rating in a research note published on Wednesday, August 9th.

Several other equities analysts have also recently commented on the stock. TheStreet cut shares of Huaneng Power International from a c rating to a d+ rating in a research report on Tuesday, May 16th. Zacks Investment Research cut shares of Huaneng Power International from a buy rating to a hold rating in a research report on Tuesday, July 4th. Citigroup Inc. raised shares of Huaneng Power International from a sell rating to a buy rating in a research report on Friday, May 26th. Macquarie raised shares of Huaneng Power International from an underperform rating to a neutral rating in a research report on Tuesday, May 23rd. Finally, ValuEngine cut shares of Huaneng Power International from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $33.00.

Huaneng Power International (HNP) remained flat at $25.52 on Wednesday. The stock had a trading volume of 45,618 shares. Huaneng Power International has a 52-week low of $23.70 and a 52-week high of $31.85. The stock has a 50 day moving average price of $27.29 and a 200-day moving average price of $27.93. The company has a market capitalization of $9.70 billion, a PE ratio of 35.44 and a beta of 0.73.

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Several large investors have recently bought and sold shares of HNP. Advisory Services Network LLC bought a new stake in Huaneng Power International during the second quarter worth approximately $102,000. Profund Advisors LLC bought a new stake in Huaneng Power International during the first quarter worth approximately $206,000. Northern Trust Corp boosted its stake in Huaneng Power International by 8.8% in the second quarter. Northern Trust Corp now owns 8,805 shares of the utilities provider’s stock worth $244,000 after buying an additional 710 shares during the period. Bank of America Corp DE boosted its stake in Huaneng Power International by 1.2% in the first quarter. Bank of America Corp DE now owns 8,944 shares of the utilities provider’s stock worth $238,000 after buying an additional 109 shares during the period. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Huaneng Power International during the second quarter worth approximately $250,000. 0.59% of the stock is currently owned by institutional investors.

Huaneng Power International Company Profile

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