CGN Power’s Stock Price Drops to 3.19 HKD, Recording a 2.15% Decline: Market Watch

CGN Power (1816)

3.19 HKD -0.07 (-2.15%) Volume: 168.16M

CGN Power’s stock price stands at 3.19 HKD, experiencing a slight dip of -2.15% this trading session, with a high trading volume of 168.16M. Despite this, the stock demonstrates a robust performance YTD, boasting a substantial growth of +55.39%.

Latest developments on CGN Power

CGN Power‘s stock price saw movements today after JPMorgan downgraded the company to Neutral. This comes amidst a series of key events impacting the energy sector, including the raising of China Longyuan’s target price to $8.1. Investors are closely monitoring these developments as they assess the potential implications on CGN Power‘s performance in the market.

CGN Power on Smartkarma

Analyst coverage of CGN Power on Smartkarma by Brian Freitas indicates a bullish sentiment. In his report titled “FXI Rebalance: Three Buys. Three Sells,” Freitas highlights that CGN Power is one of the buys for the iShares China Large-Cap in March. The report mentions that trades on CGN Power have done well and can be unwound over the next week, along with Yankuang Energy and China Coal Energy being buys. Shorts have been spiking in China Vanke, while covering has been observed in Yankuang Energy, China Resources Beer Holdings, and Wuxi Biologics.

A look at CGN Power Smart Scores

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 high scores in Dividend and Momentum, the company is well-positioned to provide attractive returns to investors while maintaining strong performance in the market. Additionally, CGN Power‘s solid scores in Value, Growth, and Resilience suggest a stable and sustainable business model that can weather various economic conditions.

As a subsidiary of China General Nuclear Power Corporation, CGN Power operates nuclear power generating stations in multiple provinces in China. The company’s focus on selling electricity, managing station operations, and providing technical services demonstrates its commitment to the energy sector. With stations in Guangdong, Fujian, and Liaoning, CGN Power is poised to continue its growth and contribute to the development of clean energy solutions in the region.

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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