FINWIRES · TerminalLIVE
FINWIRES

Guangdong Electric Power Development's Power Generation Rises 18% in Q1

-- Guangdong Electric Power Development's (SHE:000539) power generation increased 18% year over year to 29.8 billion kilowatt-hours in the first quarter, according to a Tuesday filing with the Shenzhen bourse.

Coal-fired power generation jumped 23% year over year to 22.3 billion kWh, while gas-fired power generation fell 4.9% year on year to 4.55 billion kWh.

Wind power generation surged 22% to 1.63 billion kWh, while photovoltaic power generation jumped 17% to 1.03 billion kWh.

Hydropower generation rose 31% to 84 million kWh and biomass power output grew 13% to 195 million kWh.

Installed capacity for the first quarter reached 47.5 million kilowatts.

Shares increased nearly 1% during afternoon trading on Tuesday.

Related Articles

Australia

Jefferies Raises Quest Diagnostics Price Target to $225 From $220

Quest Diagnostics (DGX) has an average rating of overweight and mean price target of $219, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $204.33, Change: $+8.02, Percent Change: +4.09%

$DGX
Australia

Truist Securities Cuts Tractor Supply Price Target to $44 From $55, Hold Rating Kept

Tractor Supply (TSCO) has an average rating of overweight and mean price target of $56.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.92, Change: $-4.90, Percent Change: -10.92%

$TSCO
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index was climbing 1.8%, while the Dow Jones US Utilities Index fell 1.3%.Front-month West Texas Intermediate crude oil was rising 4.8% to $93.94 a barrel, and the global benchmark Brent crude contract was advancing 4.4% to $99.68 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

$HAL