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The latest announcement is out from Capital Power ( (TSE:CPX) ).
Capital Power announced a strategic partnership with Apollo Funds for a US$3 billion investment to acquire U.S. natural gas generation assets, enhancing its growth strategy and expanding earnings. Additionally, the company entered a binding MOU for a 250 MW Electricity Supply Agreement in Alberta, supporting the province’s AI infrastructure growth and underscoring its commitment to long-term reliable growth.
The most recent analyst rating on (TSE:CPX) stock is a Hold with a C$67.00 price target. To see the full list of analyst forecasts on Capital Power stock, see the TSE:CPX Stock Forecast page.
Spark’s Take on TSE:CPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:CPX is a Neutral.
Capital Power’s overall stock score reflects a mixed financial performance with notable strengths in earnings growth and strategic initiatives. The company’s valuation is reasonable, and the dividend yield is attractive. However, technical indicators suggest potential bearish momentum, and financial risks such as high leverage and cash flow challenges remain concerns.
To see Spark’s full report on TSE:CPX stock, click here.
More about Capital Power
Capital Power Corporation is a leading North American power producer focused on providing reliable and efficient natural gas generation to meet the continent’s growing electricity demand.
Average Trading Volume: 757,578
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.89B
See more insights into CPX stock on TipRanks’ Stock Analysis page.