Macquarie kept Sell on CGN Power stock at HKD 1.89 target

Published on 10/08/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie maintained Sell on CGN Power stock on August 27, 2026. First-half revenue reached RMB 31.483 billion, while net profit rose 2.70 percent year over year.

CGN Power, CNE100001T80, Illustration mit AI erstellt.

Macquarie had maintained a Sell rating on CGN Power stock with a HKD 1.89 price target on August 27, 2026, according to Investing.com. The target sits below the Hong Kong-listed nuclear operator's latest quoted price, keeping the analyst view notably more cautious than the broader consensus.

Interim results show steady profit

CGN Power reported RMB 31.483 billion in revenue for the first half of 2026 and net profit attributable to shareholders of RMB 6.105 billion, according to CGN Power. Attributable profit rose 2.70 percent year over year, while the company delivered 109.597 billion kilowatt-hours of electricity to the grid during the period.

The operating figures give the rating debate a concrete base: profit increased even as the company continued expanding capacity and managing construction projects. CGN Power said three units entered commercial operation during the first half of 2026, including two units at the Huizhou Nuclear Power Project and one at the Cangnan Nuclear Power Project.

Capacity growth meets valuation caution

CGN Power manages 28 nuclear power units with total installed capacity of 31.838 gigawatts as of December 31, 2025. The company also provides nuclear plant construction, engineering and technical services, making its earnings exposure broader than electricity generation alone.

The market data place the latest Hong Kong quote at HKD 3.20 on October 8, 2026 at 3:58 p.m. HKT, against a 52-week range of HKD 2.60 to HKD 3.77. Macquarie's HKD 1.89 target is 40.94 percent below that quoted price, a sharper downside view than the operating profit trend alone would suggest.

Next results date is October 29

The next earnings date listed for CGN Power is October 29, 2026. That date will give investors a fresh read on electricity generation, power prices and the financial contribution from newly commissioned units.

The latest quoted Hong Kong price was HKD 3.20 on October 8, 2026 at 3:58 p.m. HKT, within the HKD 2.60 to HKD 3.77 52-week range. The further course of trading is shown by the continuously updated real-time quote of CGN Power stock.