Huaneng Power International Inc ADR Class N (NYSE:HNP) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Huaneng Power International Inc ADR Class N (NYSE:HNP) from a sell rating to a hold rating in a report issued on Wednesday, 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, ValuEngine cut Huaneng Power International Inc ADR Class N from a hold rating to a sell rating in a report on Tuesday, September 10th.

Huaneng Power International Inc ADR Class N stock opened at $21.80 on Wednesday. The stock has a 50-day simple moving average of $22.34 and a 200 day simple moving average of $23.60. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 1.19. Huaneng Power International Inc ADR Class N has a 12-month low of $20.51 and a 12-month high of $26.76. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 0.98 and a beta of 0.60.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.26 earnings per share for the quarter. The firm had revenue of $5.38 billion during the quarter. Huaneng Power International Inc ADR Class N had a return on equity of 1.98% and a net margin of 1.89%. As a group, sell-side analysts anticipate that Huaneng Power International Inc ADR Class N will post 1.72 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in shares of Huaneng Power International Inc ADR Class N in the 2nd quarter valued at about $25,000. Wells Fargo & Company MN increased its stake in shares of Huaneng Power International Inc ADR Class N by 259.2% in the 2nd quarter. Wells Fargo & Company MN now owns 5,988 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 4,321 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Huaneng Power International Inc ADR Class N in the 2nd quarter valued at about $158,000. Citadel Advisors LLC increased its stake in shares of Huaneng Power International Inc ADR Class N by 178.7% in the 2nd quarter. Citadel Advisors LLC now owns 11,182 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 25,382 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Huaneng Power International Inc ADR Class N by 6.6% in the 1st quarter. Bank of Montreal Can now owns 23,359 shares of the utilities provider’s stock valued at $541,000 after acquiring an additional 1,446 shares during the last quarter. 0.28% of the stock is owned by hedge funds and other institutional investors.

Huaneng Power International Inc ADR Class N Company Profile

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

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