Huaneng Power International Inc (ADR) (HNP) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on May 31, 2016.
Many Wall Street Analysts have commented on Huaneng Power International Inc (ADR). Huaneng Power International Inc (ADR) was Downgraded by JP Morgan to ” Underweight” on Apr 11, 2016.
Huaneng Power International Inc (ADR) closed down -0.04 points or -0.15% at $25.95 with 55,704 shares getting traded on Friday. Post opening the session at $25.97, the shares hit an intraday low of $25.85 and an intraday high of $26.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.