Huaneng Power International Inc (ADR) (HNP) was Downgraded by JP Morgan to ” Underweight”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Apr 11, 2016.
Huaneng Power International Inc (ADR) opened for trading at $36.23 and hit $36.33 on the upside on Monday, eventually ending the session at $36, with a gain of 2.89% or 1.01 points. The heightened volatility saw the trading volume jump to 1,51,558 shares. Company has a market cap of $12,978 M.
Huaneng Power International Inc. (Huaneng Power) is an independent power producer. The principal activities of the Company are investment construction operation and management of power plants. The Company is engaged in developing constructing operating and managing power plants throughout China. The Company’s segments include PRC power segment Singapore segment and all other segments (mainly including port and transportation operations). The Company’s domestic power plants are located in 21 provinces provincial-level municipalities and autonomous regions. Its power generation operations have coverage in the Northeast China Grid the Northern China Grid the Northwest China Grid the Eastern China Grid the Central China Grid the Southern China Grid and the overseas coverage in Singapore. The Company also has a wholly owned power company in Singapore Tuas Power Group.