Citi upgrades CGN Power stock to Buy at HKD 3.80 target

Published on 10/25/2026 at 00:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Output reached 189.698 billion kWh in January-September 2026, up 3.76 percent. Results arrive October 29, 2026 for CGN Power stock.

Output and analyst targets

Citi set a HKD 3.80 target with a Buy rating on October 20, 2026.
Nuclear generation reached 189.698 billion kilowatt-hours in January-September 2026, up 3.76 percent.
CGN Power will report third-quarter results on October 29, 2026.

CGN Power, CNE100001T80, Illustration mit AI erstellt.

CGN Power (ISIN CNE100001T80) received a Buy upgrade from Citi with a HKD 3.80 price target on October 20, 2026, according to Markets Insider. The analyst action follows stronger operating data and gives CGN Power stock a concrete valuation reference ahead of its next results.

Three dated signals shape the setup

On August 26, 2026, second-quarter revenue reached CNY 15.2 billion, down 21 percent from the second quarter of 2025, while net income rose 15 percent to CNY 3.36 billion, Simply Wall St reported.

On October 16, 2026, a Yangtze Securities note said first-three-quarter nuclear generation rose 3.76 percent year over year to 189.698 billion kilowatt-hours, while power delivered to the grid increased 2.65 percent to 176.749 billion kilowatt-hours, according to Futu. On October 20, 2026, Citi raised its stance to Buy and set the HKD 3.80 target cited by Markets Insider.

What does the output mean for earnings?

The operating split is important because third-quarter grid-connected output alone reached 67.152 billion kilowatt-hours, up 14.17 percent year over year, according to the Yangtze Securities analysis carried by Futu. The note attributed the increase to newly commissioned units and fewer major overhaul days, while also identifying market-based electricity prices as a risk.

Results date sets the next checkpoint

CGN Power is scheduled to report its third-quarter 2026 results on October 29, 2026, according to Simply Wall St. That date will test whether higher generation translated into revenue and earnings growth after the second quarter's 21 percent revenue decline.

Market value and operating scale

CGN Power had a market capitalization of HKD 220.4 billion as of October 23, 2026, while its 52-week range was HKD 2.60 to HKD 3.77. The company operates nuclear power stations in China and managed 28 nuclear units with total installed capacity of 31.838 gigawatts as of December 31, 2025.

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