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An announcement from Capital Power ( (TSE:CPX) ) is now available.
Capital Power has extended its summer tolling agreement for the Arlington natural gas-fired facility in Arizona with an investment-grade utility by seven years to October 2038, securing 13 years of contracted revenue and reinforcing its role in providing grid reliability in the U.S. Southwest. As part of the deal, Arlington will undergo a 35 MW summer capacity uprate—10 MW in 2026 and 25 MW in 2027—boosting its ability to serve Arizona’s growing peak demand and supporting an estimated uplift of about US$70 million in annual adjusted EBITDA by 2032, while the six-month contract structure preserves winter merchant flexibility and access to additional energy and capacity value opportunities in CAISO and the broader Desert Southwest.
The most recent analyst rating on (TSE:CPX) stock is a Hold with a C$65.00 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 mix of positive earnings call insights and financial performance challenges. Strong EBITDA growth and strategic achievements are tempered by operational and cash flow issues, as well as high leverage. Technical indicators suggest a cautious outlook, while valuation metrics provide mixed signals.
To see Spark’s full report on TSE:CPX stock, click here.
More about Capital Power
Capital Power is one of North America’s largest independent power producers focused on natural gas generation, operating a fleet of facilities that deliver reliable electricity across the continent. The company has a significant presence in the U.S. Southwest, including the 600 MW Arlington combined-cycle natural gas plant in Arizona, and leverages long-term contracts and merchant market exposure to support growth and value creation in power markets.
Average Trading Volume: 799,027
Technical Sentiment Signal: Buy
Current Market Cap: C$9.19B
See more data about CPX stock on TipRanks’ Stock Analysis page.