Huaneng Renewables (HKSE:00958) 6-Month Price Index : N/A (As of May. 31, 2024)

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What is Huaneng Renewables 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-31), Huaneng Renewables's 6-Month Price Index is N/A.

Competitive Comparison of Huaneng Renewables's 6-Month Price Index

For the Utilities - Renewable subindustry, Huaneng Renewables's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Huaneng Renewables (HKSE:00958) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Huaneng Renewables (HKSE:00958) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Huaneng Renewables 6-Month Price Index Related Terms

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Huaneng Renewables (HKSE:00958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Huaneng Renewables Corp Ltd (HKSE:00958) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23A Fuxing Road, 10-11 Floor, Haidian District, Beijing, CHN

Website

http://www.hnr.com.cn

Huaneng Renewables Corp Ltd is a Chinese electric utility of which the China Huaneng Group, one of the largest state-owned electric utility companies in China, owns a majority stake. Huaneng Renewables invests in, constructs, acquires, and operates renewable energy projects throughout China. Primarily, these projects take the form of onshore and offshore wind farms in northern China and solar power generating facilities in central China. The company generates the vast majority of its revenue by selling electricity produced at its alternative energy projects. Most of the energy generated by the firm comes from its wind power plants, while its solar power plants also produce a substantial amount.

Huaneng Renewables (HKSE:00958) Headlines

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