Capital Power (CPX-T)

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

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

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.

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.

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.

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

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.

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.

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.