Capital Power

CPX-T

TSE:CPX

35.91
0.12 (0.34%)
Capital Power Corporation is an independent power generation company based in Edmonton, Alberta, Canada. Capital Power develops, acquires, and operates power generation from a variety of energy sources.
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Analysis and Opinions about CPX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 1, 2019
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%
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Capital Power (CPX-T)
November 1, 2019
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
DON'T BUY
October 28, 2019
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.
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Capital Power (CPX-T)
October 28, 2019
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
WEAK BUY
September 24, 2019
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.
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Capital Power (CPX-T)
September 24, 2019
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
DON'T BUY
September 17, 2019

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.

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Capital Power (CPX-T)
September 17, 2019

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
COMMENT
August 16, 2019

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.

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Capital Power (CPX-T)
August 16, 2019

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
DON'T BUY
July 16, 2019
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.
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Capital Power (CPX-T)
July 16, 2019
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
COMMENT
May 1, 2019
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.
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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
COMMENT
April 30, 2019
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.
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Capital Power (CPX-T)
April 30, 2019
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
TOP PICK
April 24, 2019
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)
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Capital Power (CPX-T)
April 24, 2019
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
COMMENT
March 15, 2019
Dividend is ok. He does not follow this name.
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Capital Power (CPX-T)
March 15, 2019
Dividend is ok. He does not follow this name.
BUY
BUY
February 26, 2019
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.
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Capital Power (CPX-T)
February 26, 2019
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
PARTIAL SELL
January 15, 2019
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.
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Capital Power (CPX-T)
January 15, 2019
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.
BUY
BUY
November 21, 2018
Safe dividend. Good balance sheet. 17x earnings. Headwinds coming with planned outages. Likes it.
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Capital Power (CPX-T)
November 21, 2018
Safe dividend. Good balance sheet. 17x earnings. Headwinds coming with planned outages. Likes it.
BUY
BUY
October 30, 2018
Looks at it once in a while. Stock’s held up nicely in last little while. Dividend is there, and as investment firms raise cash, provides an opportunity. Cash flow should be maintained. An inflation hedge. Inflation gets passed on to end user, so cash flow is secure.
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Capital Power (CPX-T)
October 30, 2018
Looks at it once in a while. Stock’s held up nicely in last little while. Dividend is there, and as investment firms raise cash, provides an opportunity. Cash flow should be maintained. An inflation hedge. Inflation gets passed on to end user, so cash flow is secure.
TOP PICK
TOP PICK
October 23, 2018

It's the top-performing Canadian utility yet little known. Has momentum. You're paid a safe, big dividend pl;us modest price growth. It plays into the carbon tax. CPS's assets are gas, wind and solar which are higher-cost commodities to produce, so the carbon tax will hit traditional forms of energy and benefit CPX. He sees a 2-3% upside plus dividend. Pays over a 6% dividend.

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Capital Power (CPX-T)
October 23, 2018

It's the top-performing Canadian utility yet little known. Has momentum. You're paid a safe, big dividend pl;us modest price growth. It plays into the carbon tax. CPS's assets are gas, wind and solar which are higher-cost commodities to produce, so the carbon tax will hit traditional forms of energy and benefit CPX. He sees a 2-3% upside plus dividend. Pays over a 6% dividend.

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