"Dai Hang" upgraded Huaneng Power International, Inc. (00902.HK) rating to "outperform the market" with a target price maintained at 5 yuan.

Daiwa published a research report stating that it has upgraded Huaneng Power International, Inc. (00902.HK) from "Hold" to "Outperform," while maintaining the Target Price at 5 yuan. The report indicated that the company achieved break-even in the fourth quarter of last year, which was a surprise to the market. With adjustments in coal prices, the ignition price spread (Dark Spread) is expected to rise by 6% year-on-year this year, reaching 131 yuan per megawatt hour. According to the report, a 1% decrease in unit fuel price could boost earnings per share by 3% to 5%. The report mentioned that although the new revenue-sharing contract announced by the National Development and Reform Commission may support a decline in electricity prices, it believes that Huaneng Power International's Wind Power...

AASTOCKSMar 3 11:07

Galaxy Securities: The 25-year Energy work guidance opinion has been released, adhering to the two main lines of ensuring supply and green development.

The overall goal is to steadfastly adhere to the twin priorities of Energy security and green transition.

Zhitong FinanceMar 2 13:27

The demand for AI applications and overseas has increased, and the orders for grid supporting companies in the first quarter are already "fully booked."

① Power grid supporting companies have sufficient Orders on hand, and some listed companies have successively reported positive earnings forecasts for last year; ② The total scale of domestic power grid investment has increased, and the application of AI along with overseas markets is expected to resonate, likely driving Orders to continue rising this year.

cls.cnFeb 28 16:41

Express News | Tianfeng: The rapid decline in coal prices may lift the profit per kilowatt-hour of thermal power.

BreakingsFeb 28 08:21

[Brokerage Focus] Guoyuan International: If coal prices continue to decline, it will increase the profitability of thermal power.

Jingwu Financial News | Guoyuan International reported that after the Spring Festival, coal mines in production areas quickly resumed operations, with stable capacity release in major producing regions, and combined with record high imported coal, the overall market supply is sufficient. On the demand side: thermal coal consumption has been lower than normal due to the warm winter, with power plant inventory generally exceeding 20 days. Inventory: both port and social stocks continue to accumulate, which has exerted significant downward pressure on coal prices in the short term. The bank pointed out that after the Spring Festival, coal prices have gradually increased their decline; for example, the Q5500 clearing price at Northern ports on February 21, 2025, was 728 yuan/ton, compared to 938 yuan/ton on February 21, 2024.

Jinwu Financial NewsFeb 27 16:29

The National Energy Administration: In January this year, 0.231 billion green certificates were issued, a year-on-year increase of 2.25 times.

Gelonghui February 27 | The National Energy Administration released the nationwide Wind Power CNI Green Electricity Certificate issuance and Trade data for January 2025.

Gelonghui FinanceFeb 27 15:14