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Capital Power ( (TSE:CPX) ) has issued an announcement.
Capital Power Corporation announced the pricing of a private offering of US$1.2 billion in senior notes to fund its acquisition of Hummel Station, LLC and Rolling Hills Generating, L.L.C., both natural gas facilities in the United States. The proceeds from this offering will support the company’s strategic expansion in the energy sector, enhancing its operational capacity and market presence.
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 financial and operational performance, strategic growth initiatives, and attractive valuation drive a solid overall score. However, high leverage and mixed technical indicators suggest caution. Strategic acquisitions and a high dividend yield present significant opportunities for growth despite sector challenges.
To see Spark’s full report on TSE:CPX stock, click here.
More about Capital Power
Capital Power Corporation is a company in the energy sector, primarily focusing on power generation. It operates various power facilities and is involved in the acquisition and development of energy projects.
Average Trading Volume: 970,987
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.3B
Learn more about CPX stock on TipRanks’ Stock Analysis page.