Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Huaneng Power International ( (HK:0902) ).
In the first quarter of 2025, Huaneng Power International reported a 5.66% year-on-year decrease in total electricity sold, amounting to 106.633 billion kWh. The company is actively pursuing a green transformation, with increased wind and photovoltaic power capacity contributing to a rise in new energy generation. However, a decline in coal-fired power generation due to reduced utilization hours and a shift in energy mix led to an overall drop in power generation. The average on-grid electricity settlement price also saw a slight decrease of 1.96%, and market-based transactions accounted for 84.85% of electricity sales, slightly down from the previous year.
More about Huaneng Power International
Huaneng Power International, Inc. is a major player in the energy sector, primarily focusing on the generation and sale of electricity. The company operates a range of power plants across China, including coal-fired, wind, photovoltaic, and other renewable energy sources, as part of its strategy to transition towards green and low-carbon energy solutions.
YTD Price Performance: 9.43%
Average Trading Volume: 37,643
Technical Sentiment Signal: Strong Sell
Current Market Cap: $13.19B
See more data about 0902 stock on TipRanks’ Stock Analysis page.