CGN Power’s Stock Price Soars to 2.49 HKD, Achieving a Positive Leap of 0.81%

CGN Power (1816)

2.49 HKD +0.02 (+0.81%) Volume: 96.14M

CGN Power’s stock price is currently valued at 2.49 HKD, delivering a positive trading session with a gain of +0.81%. With a robust trading volume of 96.14M and a significant year-to-date increase of +22.06%, CGN Power (1816) continues to show strong stock performance and growth potential in the market.

Latest developments on CGN Power

CGN Power has recently experienced significant stock price movements, driven by key events including the announcement of the first criticality at its Fangchenggang-4 Nuclear Power Plant in China. This milestone has been coupled with both bearish and bullish block trades of CGN Power‘s shares, with a notable 1.8 million shares traded at $2.49 and 2.3 million shares at $2.52 respectively. Furthermore, CGN Power‘s Q1 on-grid power generation increased by 1.8% YoY, and the total power generation of nuclear power generating units added 0.39% YoY, further influencing the stock’s performance.

CGN Power on Smartkarma

Analyst Brian Freitas from Smartkarma recently covered CGN Power, a company listed on the iShares China Large-Cap (FXI). In his report titled “FXI Rebalance: Three Buys. Three Sells”, Freitas provided insights on the stock. He mentioned that CGN Power is one of the buys for the month of March, along with Yankuang Energy and China Coal Energy. The report also highlighted that shorts have been spiking in China Vanke, while there has been covering in Yankuang Energy, China Resources Beer Holdings, and Wuxi Biologics.

According to the research by Brian Freitas on Smartkarma, CGN Power has been identified as a buy for investors. The report mentioned that trades have been performing well and can be unwound over the next week. Freitas recommended CGN Power along with two other stocks for buying opportunities in March. The sentiment towards CGN Power seems positive based on the insights provided in the report on Smartkarma’s independent investment research network.

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 strong returns to investors and maintain its growth trajectory. Additionally, CGN Power‘s solid Value and Growth scores indicate a stable financial performance and potential for future expansion. Despite a slightly lower score in Resilience, the company’s overall outlook remains optimistic, showcasing its ability to weather market fluctuations and continue to thrive in the energy sector.

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 focuses on selling electricity from its stations, managing construction projects, and providing technical research and support services. With stations in Guangdong, Fujian, and Liaoning, CGN Power plays a crucial role in the country’s energy sector and is well-positioned for continued growth and success in the future.

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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