Huaneng Power International Inc. (NYSE:HNP) shares gapped up prior to trading on Monday . The stock had previously closed at $24.60, but opened at $24.90. Huaneng Power International shares last traded at $25.38, with a volume of 41,663 shares traded.

HNP has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Huaneng Power International from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. BNP Paribas downgraded shares of Huaneng Power International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 6th. Morgan Stanley downgraded shares of Huaneng Power International from an “overweight” rating to an “equal weight” rating in a report on Monday, July 25th. Macquarie downgraded shares of Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Finally, TheStreet downgraded shares of Huaneng Power International from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus price target of $36.00.

The company has a market cap of $9.79 billion, a P/E ratio of 5.85 and a beta of 0.72. The stock has a 50-day moving average of $24.96 and a 200-day moving average of $28.03.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HNP. Aperio Group LLC boosted its position in shares of Huaneng Power International by 2.4% in the first quarter. Aperio Group LLC now owns 36,015 shares of the company’s stock valued at $1,281,000 after buying an additional 831 shares during the last quarter. Capital Guardian Trust Co. boosted its position in shares of Huaneng Power International by 7.8% in the second quarter. Capital Guardian Trust Co. now owns 33,616 shares of the company’s stock valued at $839,000 after buying an additional 2,419 shares during the last quarter. Granite Investment Advisors Inc. boosted its position in shares of 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. First Trust Advisors LP boosted its position in shares of Huaneng Power International by 13.9% in the second quarter. First Trust Advisors LP now owns 42,622 shares of the company’s stock valued at $1,064,000 after buying an additional 5,198 shares during the last quarter. Finally, Sensato Investors LLC acquired a new position in shares of Huaneng Power International during the first quarter valued at approximately $231,000. Institutional investors own 0.57% 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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