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Capital Power

CPX-T

TSE:CPX

42.16
0.56 (1.35%)
Capital Power is an independent power generation company based in Edmonton, Alberta, Canada. Capital Power develops, acquires, owns and operates power generation facilities using a variety of energy sources.
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Analysis and Opinions about CPX-T

Signal
Opinion
Expert
Chart
WEAK BUY
WEAK BUY
July 21, 2021

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.

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Capital Power (CPX-T)
July 21, 2021

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.

Varun Anand
Price
$41.090
Owned
Unknown
BUY
BUY
April 27, 2021

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.

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Capital Power (CPX-T)
April 27, 2021

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.

Varun Anand
Price
$38.730
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
April 16, 2021
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.
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Capital Power (CPX-T)
April 16, 2021
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.
Greg Newman
Price
$38.210
Owned
Unknown
BUY
BUY
February 8, 2021
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.
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Capital Power (CPX-T)
February 8, 2021
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.
Jamie Murray
Price
$37.930
Owned
Unknown
BUY
BUY
January 7, 2021
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.
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Capital Power (CPX-T)
January 7, 2021
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.
Brian Madden
Price
$35.590
Owned
Yes
DON'T BUY
DON'T BUY
September 22, 2020
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.
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Capital Power (CPX-T)
September 22, 2020
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
HOLD
August 13, 2020
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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Capital Power (CPX-T)
August 13, 2020
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
BUY
August 4, 2020
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.
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Capital Power (CPX-T)
August 4, 2020
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.
Brian Madden
Price
$28.330
Owned
Unknown
DON'T BUY
DON'T BUY
July 17, 2020
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.
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Capital Power (CPX-T)
July 17, 2020
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.
Ross Healy
Price
$27.920
Owned
No
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%
Jason Mann
Price
$31.570
Owned
No
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.
Bryden Teich
Price
$30.360
Owned
Unknown
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.

James Hodgins
Price
$30.350
Owned
No
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.
Ryan Bushell
Price
$30.470
Owned
No
Showing 1 to 15 of 64 entries

Capital Power(CPX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 9

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, 9 stock analysts published opinions about CPX-T. 6 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is WEAK BUY. 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 Varun Anand on 2021-07-21. 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?

9 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 2021-07-28, Capital Power (CPX-T) stock closed at a price of $42.16.