Capital Power Completes Major Acquisition of U.S. Natural Gas Facilities

Capital Power ( (TSE:CPX) ) just unveiled an announcement.

Capital Power Corporation has completed the acquisition of the Hummel and Rolling Hills natural gas facilities in Pennsylvania and Ohio, respectively, for approximately US$2.2 billion. This strategic acquisition, financed through a combination of equity and notes offerings, is expected to enhance Capital Power’s operational capacity and strengthen its position in the North American energy market, potentially increasing adjusted funds from operations per share.

The most recent analyst rating on (TSE:CPX) stock is a Hold with a C$68.00 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 Outperform.

Capital Power’s strong technical momentum and strategic acquisitions drive the positive outlook. While financial performance shows some risks, particularly with cash flow and leverage, the company’s attractive valuation and robust earnings call insights contribute to a solid investment case.

To see Spark’s full report on TSE:CPX stock, click here.

More about Capital Power

Capital Power Corporation operates in the energy industry, focusing on the development, acquisition, and operation of power generation facilities. The company primarily deals with natural gas and renewable energy sources, aiming to provide sustainable energy solutions across North America.

Average Trading Volume: 809,994

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$8.66B

For detailed information about CPX stock, go to TipRanks’ Stock Analysis page.