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CGN Power Co ( (HK:1816) ) has issued an update.
CGN Power Co. announced that its subsidiary CGN Huizhou No.2 Nuclear Power Co. has begun full-scale construction of Huizhou Unit 4, following the first concrete pour for the reactor’s main plant on 10 May 2026. The unit will have an installed capacity of 1,209 MW, marking further expansion of the company’s nuclear fleet and reinforcing its role in China’s power generation mix.
The launch of Huizhou Unit 4’s civil construction phase signals continued capital investment in nuclear infrastructure, which may enhance CGN Power’s long-term generation capacity and earnings potential once the unit enters operation. The company also reminded investors that future updates will be provided through official exchange announcements and urged them to remain mindful of investment risks.
The most recent analyst rating on (HK:1816) stock is a Sell with a HK$3.20 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 development, construction and operation of nuclear power plants. Listed in Hong Kong, the company focuses on large-scale nuclear generation projects that contribute to the country’s baseload electricity supply and support long-term energy security goals.
YTD Price Performance: 18.09%
Average Trading Volume: 79,853,722
Technical Sentiment Signal: Buy
Current Market Cap: HK$250.5B
For an in-depth examination of 1816 stock, go to TipRanks’ Overview page.