Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from CLP Holdings ( (HK:0002) ).
CLP Holdings reported a 2.6% decrease in electricity sales in Hong Kong for the first quarter of 2025, attributed to milder weather and the absence of a leap year. Despite the decline, the company is advancing its decarbonization efforts by upgrading energy infrastructure and introducing innovative technologies like AI-powered grid monitoring and drone inspections. CLP is also expanding its electric vehicle charging network to support Hong Kong’s transition to cleaner transport. In Mainland China, CLP’s non-carbon assets showed stable performance, with increased generation from nuclear power stations, although market sales led to lower average tariffs.
The most recent analyst rating on (HK:0002) stock is a Buy with a HK$78.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.
More about CLP Holdings
CLP Holdings Limited is a major energy company based in Hong Kong, primarily involved in electricity generation and distribution. The company focuses on providing reliable and sustainable energy solutions, with a strong emphasis on decarbonization and the integration of advanced technologies in its operations.
YTD Price Performance: 3.11%
Average Trading Volume: 4,751,120
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$166.9B
For an in-depth examination of 0002 stock, go to TipRanks’ Stock Analysis page.