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CGN Power Co ( (HK:1816) ) has shared an announcement.
CGN Power has revised the construction timetable for Huizhou nuclear power Units 1 and 2, both HPR1000 reactors currently in the commissioning phase, pushing back their expected commercial operation from the original targets in 2025–2026 to the first half and second half of 2026, respectively. The company said the delay follows an overall evaluation of the project and is intended to ensure high-quality, safe and stable operation once the units come online, and it will continue to strengthen safety, quality, schedule and investment control while cautioning investors that current construction progress should not be used as a proxy for its revenue or profit performance.
The most recent analyst rating on (HK:1816) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on CGN Power Co stock, see the HK:1816 Stock Forecast page.
More about CGN Power Co
CGN Power Co., Ltd. is a China-based nuclear power company engaged in the investment, construction, operation and management of nuclear power plants, with its projects and subsidiaries, such as CGN Huizhou Nuclear Power Co., Ltd., focusing on commercial nuclear generation using HPR1000 reactor technology for the domestic power market.
YTD Price Performance: 7.05%
Average Trading Volume: 59,442,133
Technical Sentiment Signal: Buy
Current Market Cap: HK$200.1B
For detailed information about 1816 stock, go to TipRanks’ Stock Analysis page.