CGN Power (1816)
3.47 HKD +0.10 (+2.97%) Volume: 73.55M
CGN Power’s stock price is currently standing at 3.47 HKD, witnessing a positive trading session with an increase of +2.97% and a high trading volume of 73.55M. The nuclear power company’s stock has shown a remarkable performance with a YTD increase of +70.59%, indicating a strong investment potential.
Latest developments on CGN Power
CGN Power has seen fluctuations in its stock price today following the announcement of a new partnership with a leading renewable energy company. This collaboration is expected to boost CGN Power‘s market position and drive future growth. Additionally, the company reported strong quarterly earnings, exceeding analysts’ expectations. However, concerns over potential regulatory changes in the energy sector have also impacted the stock price. Investors are closely monitoring developments in the industry as CGN Power continues to navigate these challenges.
CGN Power on Smartkarma
Analyst Brian Freitas from Smartkarma recently provided insight on CGN Power, a company covered on the platform. In his report titled “FXI Rebalance: Three Buys. Three Sells,” Freitas highlighted that CGN Power is one of the buys for the iShares China Large-Cap in March. The report mentioned that trades on CGN Power have done well and can be unwound over the next week. Additionally, the report noted that shorts have been spiking in China Vanke while there has been covering in Yankuang Energy, China Resources Beer Holdings, and Wuxi Biologics.
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 based on the Smartkarma Smart Scores. With a high score in Momentum, the company is showing strong upward trends and positive market sentiment. This indicates a potential for continued growth and success in the future. Additionally, CGN Power scores well in Dividend, suggesting a stable and reliable income for investors. Overall, the company’s scores in Value, Growth, and Resilience also point towards a positive outlook for CGN Power.
As a subsidiary of China General Nuclear Power Corporation, CGN Power Co., Ltd. operates nuclear power generating stations in various regions. The company not only sells electricity but also oversees the construction of nuclear power stations and provides technical research and support services. With stations in Guangdong, Fujian, and Liaoning, CGN Power plays a significant role in the energy sector. With its strong Smartkarma Smart Scores, CGN Power is well-positioned for continued success and growth in the long term.
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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