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

Capital Power (CPX.TO)

62.44

-0.16 (0.26%)

as of Oct 16, 2026, 5:32:48 pm Market Open.

443 watching

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.

Wealthica Track your Stocks in your Watch List

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.

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%.

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%

Showing 91 to 105 of 159 entries

Most Recent Experts

Greg Newman

Scotia Wealth Management

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Jim Cramer - Mad Money

CNBC

Chris Blumas

at Raymond James Investment Counsel Ltd.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Halloween Sale

Capital Power (CPX.TO)