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The latest update is out from Capital Power ( (TSE:CPX) ).
Capital Power has secured a new long-term contract with Consumers Energy for the Midland Cogeneration Venture, extending until 2040. This agreement is expected to generate an annual increase of approximately US$100 million in adjusted EBITDA for the facility, enhancing revenue stability and reinforcing the facility’s role in Michigan’s energy market. The contract underscores Capital Power’s commitment to maintaining grid reliability and supporting the transition to a sustainable energy future, while also highlighting the strategic importance of the Midland facility in the MISO market.
The most recent analyst rating on (TSE:CPX) stock is a Buy with a C$69.00 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 is driven by strong earnings call performance and strategic corporate events, which highlight growth potential and shareholder value. However, mixed financial performance and technical indicators suggest caution. The stock’s fair valuation and attractive dividend yield provide additional support.
To see Spark’s full report on TSE:CPX stock, click here.
More about Capital Power
Capital Power is a leading independent power producer in North America, primarily focused on natural gas-fired power generation. The company is known for its strategic partnerships and investments in assets that ensure stable cash flows, contributing to the reliability of energy infrastructure across the continent.
Average Trading Volume: 670,371
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.53B
For detailed information about CPX stock, go to TipRanks’ Stock Analysis page.