TSE:CPX

Capital Power (CPX.TO)

62.87
+0.55 (0.88%)
as of Sep 4, 2026, 5:11:39 pm Market Open.
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Investor Insights
star iconSep 4, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

Capital Power (CPX-T) is viewed positively by experts, particularly as a play on the rising demand for electricity driven by AI and data centers. Several analysts highlight the company's diversified portfolio, which includes natural gas and renewable energy, and its impressive history of dividend growth, with increases noted for 13 consecutive years. Analysts generally expect that the company could yield returns of 10-15% per year, given the rising power demand and successful management strategies. However, some caution against the potential volatility and the current valuation metrics, suggesting that while CPX-T has robust prospects, it may not compare favorably to other high-growth alternatives in the utility sector.

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Consensus
Buy
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Valuation
Fair Value
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Similar
BIP, BIP.UN
Unspecified

It is at a reasonable valuation and beat in Q1. Its assets in Alberta are good and its dividend is safe. Growth is falling.

PAST TOP PICK
(A Top Pick Jun 24/22, Up 7%)

Has since sold shares.
Strong dividend yield. 
Excellent long term prospects.
Large business across North America.

BUY

Great dividend yield of about 5.7%. Issues with solar subsidiaries. Weaker guidance for 2023. Alberta power prices should be weaker this quarter. Great company, should continue to do well. Pick it up here, stock should do better.

PARTIAL BUY

He targets $45.87 and pays a good 5.75% yield. It earns more than its dividend. Shocking. It has pulled back. If it breaks $42.25, shares will go lower. What will happen to interest rates? Buy a little, but exit at $42.25.

BUY

They successfully transitioned from coal to gas and other green energy. An excellent long-term performer, but 27% over 3 years. Was up last year in a down year.

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Business sensitive to Alberta market. Lower demand/prices due to pandemic. Shift to green energy should help the stock. Good dividend, but higher risk.
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Good dividend yield of 4.5%. Recent acquisition of Midland Cogen Facility. Management increased FY2022 guidance. Long-term strategy to shift towards renewable energy.
BUY
Strong dividend yield that is growing. Investing in renewables. Good long term investment. Owns shares in the company.
BUY

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

HOLD
Is Alberta-centric and expanding beyond. See how they enter renewables, which is an opportunity. Utilities have had a great run, but CPX isn't cheap now. He owns other companies in this sector. But CPX is growing faster than its peers. Wait for a better entry point and their strategy.
TOP PICK
Very boring business which is good for predictability and long term business prospects. Has advantage over competitors with financing activities. Insulated from rising energy costs with forward contracts. Believes power demand in Canada not going down.
BUY
Renewable energy picks? Pays a fat dividend. They shut down coal operations and are building wind farms in the west now. Peers like Northland Power are also good. Wind power is a very good sector. Even BP is building wind farms in Europe.
WEAK BUY

Alberta power market fundamentals have improved and benefited CPX. Transitioning aggressively to sustainability. Wind at its back. Cashflow increasing. Valuation consistent with peers. Trying to be carbon-free by 2040. You can't own them all, so he owns AQN, EMA, and BEP.UN instead.

BUY

Both CPA and AQN have some overlap. Doubled up on Algonquin Power when there was a pullback. Would own both if it was in an RRSP.

WEAK BUY

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.

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