Market Movers

CGN Power’s Stock Price Dips to 2.95 HKD, Records 1.99% Decline: A Detailed Performance Analysis

By September 4, 2024 No Comments

CGN Power (1816)

2.95 HKD -0.06 (-1.99%) Volume: 91.15M

CGN Power’s stock price stands at 2.95 HKD, experiencing a slight dip of -1.99% this trading session with a trading volume of 91.15M, despite boasting a substantial year-to-date growth of +44.61%, highlighting its strong market performance and investment potential.


Latest developments on CGN Power

CGN Power‘s stock price saw a mix of bearish and bullish movements today, with a bearish block trade of 805K shares at $2.98 resulting in a turnover of $2.399M. However, this was countered by a bullish block trade of 1.2M shares at $3.0, leading to a turnover of $3.6M. These contrasting trades reflect the fluctuating investor sentiment towards CGN Power, possibly influenced by factors such as market conditions and company performance.


A look at CGN Power Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CGN Power Co., Ltd. has a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Dividend, Growth, and Momentum, the company is positioned well for steady expansion and shareholder returns. While Value and Resilience scores are slightly lower, the overall outlook remains favorable for CGN Power.

As a subsidiary of China General Nuclear Power Corporation, CGN Power Co., Ltd. operates nuclear power generating stations in several provinces in China. The company’s focus on selling electricity, managing station construction, and providing technical research services highlights its commitment to the nuclear power sector. With solid scores in key factors like Dividend and Growth, CGN Power is expected to continue its growth trajectory in the coming years.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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