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

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Capital Power (CPX.TO)

71.77

+0.31 (0.43%)

as of Jul 20, 2026, 8:00:00 pm Market Open.

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Investor Insights

Jul 20, 2026, 12:00 am

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.

Consensus

Positive

Valuation

Fair Value

Similar

ALA

HOLD

Good company, yield is safe. Likes strategy going forward. He owns the preferred shares instead. Safe stock. Perfect for your TFSA as a senior. Yield is 7.4%.

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BUY

A power producer that was coal generator in Alberta before, but the government snuffed coal power production (and paid transitional payments). Since then, the company has morphed into nat-gas and renewables using those payments. Strong earnings, up 20% as reported last week. They raised their dividend 7% for the 7th straight year. CPS has recovered nicely since the March low. There's more in the tank to grow. It's attracting more ESG investing, which is a tailwind. Good company and growth.

DON'T BUY

There is nothing about this stock that interests him. The current valuation means they can not issue more shares as it will be dilutive. Their balance sheet has gone nowhere in 10 years as they pay too much in dividends. The shares have rarely gone above book value. Not a favorite utility in his books by a long shot.

DON'T BUY

He likes to buy stocks that are in an uptrend and a good valuation. CPX is a stable business, but at 10 times EBITDA and 22 times earnings it is too expensive. The payout ratio and yield are pretty reasonable, but it carries a fairly high level of debt. Yield 6.22%

DON'T BUY

A western focused energy distribution company. They would benefit when there is volatility in electricity pricing there. It is a great name to own long term but there are others he prefers.

WEAK BUY

Well-managed, but they had a hiccup when a few years ago when Alberta changed its environmental assessment on coal power plants. So CPX has to close two power plants and have since transformed them (well) into natural gas. Also, CPX operates in market-sensitive Alberta. In the end, CPX has done well. Doesn't trade expensively, so there's upside potential. Problem is, nobody knows power prices will react in Alberta. This is more of a utility. He is lukewarm on it. The whole sector is on sale, cheap, rife for a price upgrade.

DON'T BUY

Red flags: they're shifting away from coal energy--and this will take time--and their dependence on Alberta energy. Instead, buy AQN, which pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.

COMMENT

CPX vs. Transalta They're transitioning away from coal to natural gas, wind and solar.They've executed extremely well, but he prefers Transalta for its valuation--and Brookfield could buy Transalta. Both companies are well-run.

DON'T BUY

Power generation does not seem to attract the same multiples for investors are the same ratings from the credit issues, due to the variability in cash flows. It pays a good yield. He would not be putting capital in this space yet.

COMMENT

They consistently grow their dividend. They grow organically and by acquisition. Their recent weakness has been due to an attempted acquisition and would pay for that with a stock issue. Once this is cleared-up, then the cash flow will lead to a dividend increase. Pays a 6% yield.

COMMENT

He hasn't looked at this chart before. It was sideways for a long time, then broke out a little in fall 2018. Then, it consolidated and is now pulling back perhaps to its old breakout point of the high-$20s.

TOP PICK

A meat and potatoes business, trading at 16 times earnings, 5.7% dividend with a 7% growth in dividends yearly, and low payout ratio. Yield 5.7% (Analysts’ price target is $31.32)

COMMENT

Dividend is ok. He does not follow this name.

BUY

A defensive play? Their legacy business was coal-fired plants in Alberta, but today faces greening under the Notley government. So, CPX struck a deal with Notley to diversify assets away from those plants into more green power. They pay nearly a 7% yield, which is safe, covered by good cash flow. A good defensive stock.

PARTIAL SELL

Outperformed last year. Little growth here so not one of his favourites. Among stable utilities, he prefers Fortis and Emera--bigger with better reputations and dividend growth. Nothing wrong this this, but there are better stocks in this space. They had a good year in 2018, so take money here. Also the political picture in Albera looks murky (the Tories will likely replace the NDP), so coal-powered generation looks uncertain.

Showing 91 to 105 of 148 entries

Most Recent Experts

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Capital Power (CPX.TO)