
TSE:CPX
This summary was created by AI, based on 16 opinions in the last 12 months.
Capital Power (CPX) has garnered mixed but generally positive reviews from various experts. The company is well-positioned to benefit from the increasing demand for electricity, particularly in relation to data centers and artificial intelligence growth in Alberta and the U.S. Despite recent earnings miss, there is a consensus that it is a good long-term hold with a robust dividend yield of approximately 4%. However, some experts express concern over the lack of fully contracted revenues and predictable cash flows. Management's focus on growth, especially through market dynamics and strategic acquisitions, is seen as an advantage, although there’s some apprehension regarding the Alberta government’s role in supporting data center projects. Overall, CPX is recognized for its strong management and significant growth potential in electricity generation.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Good dividend yield of 4.5%. Recent acquisition of Mid-land Cogen Facility. Management increased FY2022 guidance. Long-term strategy to shift towards renewable energy. Unlock Premium - Try 5i Free
CPX vs. AQN Quite high quality. Pretty good torque to Alberta power prices, so if you expect Alberta prices to rally, this one will benefit. AQN is his preference, as it has more diversity in its asset base. AQN has more robust opportunities for growth, plus more leverage to the renewable utilities build out.
Own this as well as a renewable? A utility focused in Alberta, but are shifting away from coal towards renewables. It trades at a lower valuation because people are afraid of the Alberta exposure, but he sees good growth ahead as they add more contracted projects. You can own both a BLX or NPI as well as a conventional utility like CPX or CU.
He likes the power companies. He favours the renewable, alternative energy companies. They have the wind at their back. The green sector will be a force for at least a half a decade to come. There is going to be a greater demand for electricity and for it to be generated in non-traditional ways. He likes NPI-T, AQN-T, and BEP.UN-T.