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Thursday, November 26, 2020

Huaneng Power International Inc. (NYSE:HNP) is Holding Steady

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Huaneng Power International Inc. (HNP) shares are trading at higher $18.30 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $16.84.

To add more color to this target, the company’s high over the last year is $22.67 and the low is $11.69. Over the last 52 weeks, HNP is down -19.28% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HNP reported a profit of $502.68 million. Huaneng Power International Inc. also saw revenues increase to $5.78 billion. In addition, HNP has free cash flow of $301.3 million as of 03-2020. The company’s EBITDA came in at $502.68 million which compares well with its peers.

HNP booked profit margins of 0.00%, its Return on Equity (ROE) is 0.10%, and its Return on Assets is 0.00%. All told, it is clear that, HNP needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HNP has a short ratio of 0.69 and outstanding shares of 392.45M.

Company Outlook

HNP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 6500.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.03. Huaneng Power International Inc. HNP also noted assets of $58.57 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HNP has historically followed its peers on positive news.

All told, Huaneng Power International Inc. HNP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HNP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Huaneng Power International Inc. HNP is now commanding a market cap of 10.47B and a float of 182.51M. HNP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HNP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HNP, either long or short, and we have not been compensated for this article.

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