ENN ENERGY HOLD/ADR (XNGSY) Downgraded by Zacks Investment Research to “Hold”
ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited, operates as a distributor of clean energy in Hong Kong. Its main business portfolio consists of the clean energy distribution including the city pipeline natural gas, LPG (Liquefied Petroleum Gas), vehicle refueling gas (CNG and LPG) and DME (dimethyl ether), the non-pipeline energy delivery, and other value added services on the basis of energy distribution. The Company operates in four divisions: gas connection, sales of piped gas, distributions of bottled liquefied petroleum gas, and sales of gas appliances. ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited is headquartered in Langfang, China. “
Separately, ValuEngine lowered ENN ENERGY HOLD/ADR from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th.
About ENN ENERGY HOLD/ADR
ENN Energy Holdings Limited, an investment holding company, engages in the investment in, construction, operation, and management of gas pipeline infrastructures, vehicle and ship refuelling stations, and integrated energy stations in the People's Republic of China. It operates through Gas Connection, Sales of Piped Gas, Vehicle Gas Refueling Stations, Wholesale of Gas, Sales of Integrated Energy and Services, Sales of Gas Appliances, and Sales of Material segments.
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