Capital Power ( (TSE:CPX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Capital Power’s stock movement has been influenced by a strategic partnership with Apollo Funds for a $3 billion investment in U.S. natural gas assets and a new 250 MW Electricity Supply Agreement in Alberta. While these initiatives aim to enhance growth and earnings, concerns over potential bearish momentum and financial risks, including high leverage, have tempered investor sentiment.
More about Capital Power
YTD Price Performance: 6.59%
Average Trading Volume: 757,578
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.89B
For further insights into CPX stock on TipRanks’ Stock Analysis page.
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