Capital Power (CPX.TO) Buy, Sell or Hold

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Capital Power (CPX.TO)

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70.31

+0.57 (0.82%)

as of Jun 8, 2026, 8:00:00 pm Market Open.

434 watching

Investor Insights

Jun 7, 2026, 12:00 am

This summary was created by AI, based on 17 opinions in the last 12 months.

Capital Power (CPX-T) is drawing attention due to its strategic positioning in the power sector, primarily focusing on the growing demand for electricity driven by data centers, particularly in Alberta and the U.S. Experts are generally optimistic about the long-term prospects of the company, appreciating its potential for earnings growth despite a recent miss. While some analysts express concerns about management's focus on growth potentially impacting dividend increases, others highlight a solid 4% yield and the company's successful transformation from coal to natural gas. The company's valuation, trading at approximately 27x PE, reflects a premium compared to historical norms, but a significant 21% compound return over the last decade solidifies its reputation as a stable investment. With a strong balance sheet and management's plans for continued dividend growth, the sentiment leans towards Capital Power as a viable long-term hold in a recovering utility sector.

Consensus

Positive

Valuation

Fair Value

Similar

ENB,ENB

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.

BUY

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.

BUY ON WEAKNESS

They are building out their renewable segment. They will be 1/3 renewable. AlbertaPower name is doing better now. It is a steady eddie. Will be a good addition for yield and stability. Buy on weakness. Upgraded this recently.

BUY

It is making the transition to renewable energy. They have a re-rating potential as they are a well run company. He thinks it is an attractive proposition.

BUY

Competitive yield. Alberta's phasing out coal-fired plants was a huge blow. It's been diversifying outside Alberta, and growing nicely. Dividend has increased. Broad re-rating of power producers with a growing renewable energy footprint. Halo will continue on these names. Continue to buy here.

BUY

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.

DON'T BUY

He owns their bonds and preferreds. Their balanced sheet is a little stretched and they are majorly exposed to Alberta. They'll spend a lot of capex for many years to transition into renewable power. This is probably safe, but there are better names. He's watching this. Don't expect a dividend increase for a while. Could be a long haul.

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Capital Power (CPX.TO)