HNP: Huaneng Power International, Inc. Instablogs

Quote & Headlines Market Currents StockTalk

Tuesday, May 21, 12:47 PM Midday top 10 gainers: SDBT +75%. LEDS +26%. PTIX +25%. FXEN +25%. BDL +23%. YGE +20%. SCOK +18%. PEIX +18%. JRCC +15%. CCIH +14%.
Midday top 10 Losers: IEC -21%. BVX -15%. EFUT -15%. HGG -13%. UNXL -11%. SCTY -10%. BORN -10%. RSOL -9%. HNP -9%. IGTE -9%. Comment! [On the Move]
Friday, May 18, 2012, 11:02 AM Huaneng Power (HNP +3.4%) moves up after Citigroup ups the shares to Buy. Citi says that after conducting channel checks, it believes the utility will benefit from cheaper coal costs and a high coal inventory. The firm adds that freight rates, representing 15% of coal cost, have also fallen by 18% - 31% since early April. Comment! [Energy, Global & FX, On the Move]
Monday, March 5, 2012, 1:06 PM China's 2012 inflation target of 4% (ahead of expectations for 3-3.5%) suggests Beijing is considering more stimulus as well as an easing of price controls on energy which artificially hold down inflation prints (and destroy refining and electric production profitability). Comment! [Global & FX]
Wednesday, February 29, 2012, 11:35 AM The Chinese investment boom has passed electricity production by as state-controlled electricity prices have not kept up with rising coal prices. The margin squeeze leaves little incentive for power companies to invest, but that could be changing as the government appears to be easing up. One beneficiary: Huaneng Power (HNP), +20% YTD. Comment! [Global & FX, Energy]

HNP Huaneng Power International, Inc.