Stock Track | HUADIAN POWER Plummets 5.66% Intraday Amid Thermal Power Sector Downturn and Rising Coal Prices
Stock Track
May 20
HUADIAN POWER's stock plummeted 5.66% during intraday trading on Wednesday, reflecting a significant decline in the thermal power sector.
The drop comes as thermal power stocks face collective pressure due to slowing growth in thermal power generation and rising coal prices. Analysts note that while the sector had a stable first quarter, the off-peak electricity consumption season in the second quarter may lead to performance pressure for operators like HUADIAN POWER.
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