---
title: "\"Big Banks\" Bank of America Securities adjusts target prices for mainland power stocks, with a preference for hydropower in the sector; Huadian's rating downgraded to \"underperform the market.\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282130267.md"
description: "Bank of America Securities adjusts the target price for mainland power stocks, preferring hydropower, and downgrades HUADIAN POWER to \"underperform the market.\" The research report points out concerns about the decline in on-grid electricity prices and utilization hours for independent power producers in the fiscal year 2025. Due to rising coal costs, the rating for HUADIAN POWER is lowered to \"underperform the market.\" Meanwhile, Dongfang Cable and GOLDWIND are upgraded to \"buy,\" while EB ENVIRONMENT and GUANGDONG INV maintain a \"buy\" rating"
datetime: "2026-04-09T03:32:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282130267.md)
  - [en](https://longbridge.com/en/news/282130267.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282130267.md)
---

# "Big Banks" Bank of America Securities adjusts target prices for mainland power stocks, with a preference for hydropower in the sector; Huadian's rating downgraded to "underperform the market."

Bank of America Securities' research report points out that after the mainland independent power producers announced their fiscal year 2025 results, it confirmed the bank's concerns about the decline in on-grid electricity prices and utilization hours. Bank of America Securities prefers hydropower \> nuclear power \> wind/solar power \> coal-fired independent power producers, and has downgraded Huadian (01071.HK) to "underperform" due to rising coal costs.

The bank stated that the wind power supply chain continues to benefit from the growth of high-profit export businesses, thereby supporting Bank of America Securities' "buy" rating on Dongfang Cable (603606.SH) and the recent upgrade of Goldwind (02208.HK) to "buy." After the performance of Everbright Environment (00257.HK) and Guangdong Investment (00270.HK) exceeded expectations, it emphasized a "buy" rating for both. The bank adjusted the target prices for multiple stocks in the sector, details as follows:

Stock | Investment Rating | Target Price (HKD)

China General Nuclear Power (01816.HK) | Underperform | 2.5 -\> 3

China General Nuclear (003816.SZ) | Underperform | 3.1 RMB -\> 3.7 RMB

Huadian (01071.HK) | Neutral -\> Underperform | 4.3 -\> 3.5

Huadian A Shares (600027.SH) | Neutral -\> Underperform | 5.1 RMB -\> 4.1 RMB

Longyuan (00916.HK) | Underperform | 6.1 -\> 5.8

Longyuan A Shares (001289.SZ) | Underperform | 13.7 RMB -\> 12.8 RMB

Datang New Energy (01798.HK) | Underperform | 1.9 -\> 1.55

Guangxi Power (600236.SH) | Buy | 11.3 RMB -\> 11.5 RMB

Power Assets Holdings (00006.HK) | Buy | 63 -\> 63.5

### Related Stocks

- [01071.HK](https://longbridge.com/en/quote/01071.HK.md)
- [560190.CN](https://longbridge.com/en/quote/560190.CN.md)
- [561700.CN](https://longbridge.com/en/quote/561700.CN.md)
- [600027.CN](https://longbridge.com/en/quote/600027.CN.md)
- [02208.HK](https://longbridge.com/en/quote/02208.HK.md)
- [00257.HK](https://longbridge.com/en/quote/00257.HK.md)
- [562960.CN](https://longbridge.com/en/quote/562960.CN.md)
- [00270.HK](https://longbridge.com/en/quote/00270.HK.md)

## Related News & Research

- [China Is on Track to Being World’s Top Nuclear Energy Producer](https://longbridge.com/en/news/282328281.md)
- [14:15 ETInventHelp Inventor Develops Feet Warming Accessory for Hydroelectric Workers (TRO-1592)](https://longbridge.com/en/news/282236549.md)
- [US solar and wind contract prices rose sharply in first quarter](https://longbridge.com/en/news/282696026.md)
- [China’s energy bosses push for tighter rules as overcapacity bites](https://longbridge.com/en/news/282437584.md)
- [Goldwind Completes First Tranche of 2026 Green Technology Innovation Bonds](https://longbridge.com/en/news/281870241.md)