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Maxim Power ( (TSE:MXG) ) has shared an update.
Maxim Power Corp. has reserved a manufacturing slot with GE Vernova for a 7HA.02 gas turbine and generator package, targeting delivery by 2030 for its permitted 400 MW Prairie Lights Power project near Grande Prairie, Alberta. The company will pay a non-refundable deposit in 2026, expects a routine permit amendment due to the updated turbine model, and plans to spend up to $60 million on the project in 2026.
With approximately $84 million in available liquidity, including $59 million in unrestricted cash, Maxim expects to fund next year’s Prairie Lights spending from cash on hand and operating cash flow. The move underscores Maxim’s continued build-out of dispatchable gas-fired capacity in Alberta, aligning its development pipeline with recent provincial and federal emphasis on reliable electricity supply for economic growth.
The most recent analyst rating on (TSE:MXG) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Maxim Power stock, see the TSE:MXG Stock Forecast page.
Spark’s Take on TSE:MXG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MXG is a Neutral.
The score is primarily supported by an exceptionally strong, low-debt balance sheet and positive profitability/cash generation. It is held back by uneven earnings and free-cash-flow consistency versus 2024, and neutral technical momentum with a mid-range P/E and no stated dividend yield.
To see Spark’s full report on TSE:MXG stock, click here.
More about Maxim Power
Maxim Power Corp., based in Calgary, is one of Canada’s largest independent power producers, focused entirely on power projects in Alberta. Its core asset is the 300 MW H.R. Milner Plant, a state-of-the-art combined cycle gas-fired facility in Grande Cache that began operating in late 2023, and the company is also pursuing additional gas-fired and wind generation projects in the province.
Average Trading Volume: 10,524
Technical Sentiment Signal: Hold
Current Market Cap: C$274.1M
For an in-depth examination of MXG stock, go to TipRanks’ Overview page.