CGN Power (1816)
3.46 HKD -0.11 (-3.08%) Volume: 52.53M
CGN Power’s stock price stands at 3.46 HKD, experiencing a decrease of -3.08% in the latest trading session with a volume of 52.53M shares traded. Despite this, the company’s stock has shown impressive resilience this year with a YTD increase of +69.61%, making it a notable performer in the energy sector.
Latest developments on CGN Power
CGN Power has been making significant strides in the nuclear power sector, with China recently approving a total of 11 new units and six new reactors. This comes on the heels of the company announcing a major EPC contract approval, further solidifying its position in the market. Financial experts at Citi have also shown confidence in CGN Power, raising their target price to $4 and slightly increasing earnings estimations. With steady mid-year growth and the approval of five additional nuclear power projects, CGN Power‘s stock price movements today are reflective of the positive momentum the company has been experiencing.
CGN Power on Smartkarma
Analyst coverage on CGN Power by Brian Freitas on Smartkarma indicates a bullish sentiment. In his report titled “FXI Rebalance: Three Buys. Three Sells”, Freitas highlights CGN Power as one of the buys for the iShares China Large-Cap. He mentions that trades on CGN Power have done well and can be unwound over the next week. The report also mentions that shorts have been spiking in China Vanke while covering has been observed in Yankuang Energy, China Resources Beer Holdings, and Wuxi Biologics.
Freitas’ analysis on CGN Power can be found on Smartkarma, an independent investment research network where top analysts like Freitas publish their research. The report provides insights on the performance of CGN Power in the market and recommends it as a buy opportunity within the iShares China Large-Cap. Investors can refer to Freitas’ report for more detailed information on the buy recommendation for CGN Power and other stocks mentioned in the report.
A look at CGN Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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 promising long-term outlook according to Smartkarma Smart Scores. With a high momentum score of 5, the company is showing strong upward movement and potential for growth in the future. Additionally, CGN Power has solid scores in dividend and resilience, indicating stability and potential for returns for investors. While the value and growth scores are not as high, the overall outlook for CGN Power is positive based on these factors.
As a subsidiary of China General Nuclear Power Corporation, CGN Power Co., Ltd. operates and manages nuclear power generating stations in multiple regions. The company’s focus on selling electricity from its stations, managing construction projects, and providing technical research and support services positions it well for long-term success in the energy sector. With stations in Guangdong, Fujian, and Liaoning, CGN Power is poised to continue its growth and contribution to the power industry.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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