Huaneng Power International Inc. (NYSE:HNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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 recently issued reports on HNP. Morgan Stanley cut shares of Huaneng Power International from an “overweight” rating to an “equal weight” rating in a report on Monday, July 25th. TheStreet cut shares of Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Finally, BNP Paribas cut shares of Huaneng Power International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 6th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Huaneng Power International has an average rating of “Hold” and an average price target of $27.00.

Analyst Recommendations for Huaneng Power International (NYSE:HNP)

Huaneng Power International (NYSE:HNP) opened at 24.11 on Friday. The stock’s 50 day moving average price is $24.84 and its 200 day moving average price is $25.55. Huaneng Power International has a 12-month low of $22.84 and a 12-month high of $38.81. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 6.21 and a beta of 0.59.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in Huaneng Power International by 19.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 257,650 shares of the company’s stock worth $6,470,000 after buying an additional 42,623 shares during the period. BlackRock Group LTD boosted its stake in Huaneng Power International by 275.7% in the third quarter. BlackRock Group LTD now owns 214,493 shares of the company’s stock valued at $5,386,000 after buying an additional 157,400 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Huaneng Power International by 529.6% in the third quarter. Wells Fargo & Company MN now owns 139,476 shares of the company’s stock valued at $3,502,000 after buying an additional 117,323 shares during the last quarter. Granite Investment Advisors Inc. boosted its stake in Huaneng Power International by 2.5% in the second quarter. Granite Investment Advisors Inc. now owns 133,926 shares of the company’s stock valued at $3,344,000 after buying an additional 3,242 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Huaneng Power International by 17.6% in the third quarter. BlackRock Inc. now owns 104,375 shares of the company’s stock valued at $2,621,000 after buying an additional 15,641 shares during the last quarter. Institutional investors own 0.62% of the company’s stock.

Huaneng Power International Company Profile

Huaneng Power International, Inc (Huaneng Power) is an independent power producer. The Company and its subsidiaries are engaged in the generation and sale of electric power to the respective regional or provincial grid companies in the People’s Republic of China (PRC) and in the Republic of Singapore (Singapore).

5 Day Chart for NYSE:HNP

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