Zacks Investment Research upgraded shares of Datang Intl Power Generation (OTCMKTS:DIPGY) from a hold rating to a buy rating in a research report released on Monday, Zacks.com reports. The brokerage currently has $3.25 price target on the stock.
According to Zacks, “Datang International Power Generation Co. Ltd. operates as a power producer in the People’s Republic of China. The Company is engaged in the development and operation of power plants, sale of electricity and thermal power, and repair and maintenance of power equipment and power-related technical services. In addition, it engages in the sale of coal ash and integrated application of solid wastes; wholesale and retail of chemical products; and maintenance of chemical power equipment, as well as in construction and mechanical subcontracting. The Company’s major service areas cover the North China Region, such as BTT area, Shanxi Province and Inner Mongolia, etc, the Eastern Coastal Region, such as Zhejiang Province, Fujian Province and Guangdong Province, etc, as well as other provinces and regions such as Yunnan, Chongqing, Ningxia and Qinghai, etc. Datang International Power Generation Co., Ltd. is based in Beijing, the People’s Republic of China. “
Shares of DIPGY stock opened at $2.89 on Monday. The firm has a fifty day moving average of $2.72 and a 200-day moving average of $2.81. Datang Intl Power Generation has a 12-month low of $2.45 and a 12-month high of $4.27.
About Datang Intl Power Generation
Datang International Power Generation Co, Ltd., together with its subsidiaries, engages in power generation, and power plant development in the People's Republic of China. It operates through Power Generation, Coal, and Other segments. The company generates electricity through various sources, such as coal-fired, thermal, hydro, wind, nuclear, solar, and natural gas.
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