Buy, Sell or Hold: Capital Power (CPX-T) — Stock Predictions at Stockchase

TSE:CPX

46.90

0.01 (0.02%) 1d

Showing 1 to 15 of 71 entries

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

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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.

electrical utilities

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%.

electrical utilities

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.

electrical utilities

Showing 1 to 15 of 71 entries

Capital Power(CPX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Capital Power is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Capital Power(CPX-T) Frequently Asked Questions

What is Capital Power stock symbol?

Capital Power is a Canadian stock, trading under the symbol CPX-T on the Toronto Stock Exchange (CPX-CT). It is usually referred to as TSX:CPX or CPX-T

Is Capital Power a buy or a sell?

In the last year, 3 stock analysts published opinions about CPX-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Capital Power.

Is Capital Power a good investment or a top pick?

Capital Power was recommended as a Top Pick by on . Read the latest stock experts ratings for Capital Power.

Why is Capital Power stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Capital Power worth watching?

3 stock analysts on Stockchase covered Capital Power In the last year. It is a trending stock that is worth watching.

What is Capital Power stock price?

On 2022-09-30, Capital Power (CPX-T) stock closed at a price of $46.9.

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