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