Huaneng Power International (HNP) Upgraded at Zacks Investment Research

Huaneng Power International (NYSE:HNP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $29.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.40% from the stock’s previous close.

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. “

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Huaneng Power International in a research report on Tuesday, November 7th. Daiwa Capital Markets lowered Huaneng Power International from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. CLSA upgraded Huaneng Power International from a “sell” rating to an “outperform” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded Huaneng Power International from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.00.

Shares of Huaneng Power International (NYSE HNP) opened at $25.80 on Wednesday. Huaneng Power International has a 52-week low of $24.40 and a 52-week high of $31.85. The firm has a market capitalization of $13,110.00, a price-to-earnings ratio of 24.81, a P/E/G ratio of 0.57 and a beta of 0.77. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Huaneng Power International in the 3rd quarter valued at about $2,799,000. First Trust Advisors LP grew its position in shares of Huaneng Power International by 16.9% in the 3rd quarter. First Trust Advisors LP now owns 66,411 shares of the utilities provider’s stock valued at $1,622,000 after buying an additional 9,624 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Huaneng Power International in the 2nd quarter valued at about $1,469,000. Alps Advisors Inc. grew its position in shares of Huaneng Power International by 20.5% in the 3rd quarter. Alps Advisors Inc. now owns 36,389 shares of the utilities provider’s stock valued at $889,000 after buying an additional 6,200 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Huaneng Power International by 92.5% in the 3rd quarter. Wells Fargo & Company MN now owns 29,438 shares of the utilities provider’s stock valued at $719,000 after buying an additional 14,149 shares during the last quarter. Hedge funds and other institutional investors own 0.55% of the company’s stock.

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About Huaneng Power International

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