CGN Power’s Q1 2026 Nuclear Output Drops 10% on Extended Outages

The latest update is out from CGN Power Co ( (HK:1816) ).

CGN Power reported that total nuclear power generation for the first quarter of 2026 fell about 10% year on year to 54,096 GWh, with on-grid power output down by a similar margin to 50,957 GWh. The decline was mainly driven by longer refuelling outages at several plants and reduced-load operation at Lingdong Nuclear Power Station in response to grid requirements, temporarily weighing on output despite stable installed capacity.

Operationally, the Group completed four annual refuelling outages and two ten-year outages in the first quarter, adhering to its planned maintenance schedule. It intends to continue ongoing refuelling work and launch two additional annual refuelling outages and one more ten-year outage in the second quarter, indicating sustained emphasis on safety, long-term asset integrity, and reliability of its nuclear fleet, albeit with short-term production impacts.

The most recent analyst rating on (HK:1816) stock is a Hold with a HK$4.00 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 operating and managing multiple nuclear power stations, with its shares listed in Hong Kong. The Group focuses on nuclear power generation and on-grid electricity supply, positioning itself as a major provider of low-carbon baseload power within China’s energy mix and regional power markets.

Average Trading Volume: 76,896,304

Technical Sentiment Signal: Buy

Current Market Cap: HK$243.1B

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