(HNP) - Huaneng Power Intl - is the largest independent public power producer in China

Huaneng Power's stock has been on a roll and with good reason. The company is experiencing strong growth due to its plan to diversify its business and increase its efficiency. Next year's earnings estimates have jumped 24 cents to $2.30 per share over the past two months. Additionally, the company pays out a nice 3.2% dividend. Full Analysis Huaneng Power International, Inc. (HNP) develops, constructs, operates, manages and owns large thermal power plants in China. The company makes use of modern technology and equipment, as well as financial resources available domestically and internationally. Huaneng is the largest independent public power producers in China. The company provides electricity to customers in China through the power grids in various cities and regions. Huaneng currently owns including recent acquisitions from its parent, Huaneng Group a total generation capacity of 25,267 megawatts (MW). Huaneng's two-tier strategy making acquisitions and constructing power plants is expected to drive top-line growth in the near term. The company's revenue grew at a rate of about 33% in 2005. Huaneng intends to continue its focus on management control, cost reduction, and efficiency enhancement to ensure steady and sustainable growth. Its strategy for the future is to expand its presence to non-coastal provinces, diversify fuel mix to include hydropower and gas-fired power plants, seek more off-conference contracts for coal, and to continue leveraging its relationship with HIPDC and Huaneng Group to facilitate its acquisitions and developments. At all of its power plants, Huaneng is working to increase efficiency and utilization rates. According to Zacks Equity Research Analyst Paul Cheung, CFA, the company should remain competitive in the production of power in China, which, in turn, should lead to continued increases in valuation. Moreover, the company pays generous dividends every year. Huaneng Power's stock has been on a roll and with good reason. The company is experiencing strong growth due to its plan to diversify its business and increase its efficiency. Next year's earnings estimates have jumped 24 cents to $2.30 per share over the past two months. Additionally, the company pays out a nice 3.2% dividend. Content Courtesy: Zacks Investment Research #1 Ranked Stocks Highlight Archive To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions. | Blog Home| VitalStocks Home