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How Will the Market React to Huaneng Power International Inc ADR Class N (HNP) Stock Getting a Bullish Rating

Friday, September 24, 2021 10:06 AM | InvestorsObserver Analysts
How Will the Market React to Huaneng Power International Inc ADR Class N (HNP) Stock Getting a Bullish Rating

Overall market sentiment has been high on Huaneng Power International Inc ADR Class N (HNP) stock lately. HNP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Huaneng Power International Inc ADR Class N has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HNP!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With HNP Stock Today?

Huaneng Power International Inc ADR Class N (HNP) stock is trading at $23.27 as of 10:02 AM on Friday, Sep 24, an increase of $1.34, or 6.11% from the previous closing price of $21.93. The stock has traded between $22.91 and $23.36 so far today. Volume today is light. So far 30,059 shares have traded compared to average volume of 62,935 shares.

More About Huaneng Power International Inc ADR Class N

As one of China's largest independent power producers, Huaneng Power International develops, constructs, and operates power plants in 26 Chinese provinces, as well as a wholly owned power company in Singapore. Total attributable installed generation capacity in 2020 was 98 gigawatts. Approximately 83% of Huaneng's installed capacity runs on thermal coal, with the remainder running on hydro, wind, and natural gas. The Chinese government owns approximately 46% of outstanding shares. Click Here to get the full Stock Report for Huaneng Power International Inc ADR Class N stock.

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