Acquisition StrategyThe acquisition establishes a foothold in the PJM RTO in the U.S. and diversifies cash flows away from the oversupplied Alberta power market.
Financial PerformanceThe acquisition enhances CPX's scale and relevance with expected increases in EBITDA, free cash flow, enterprise value, and net capacity.
Market PositionCPX shares are rated Outperform given the attractive relative valuation, exposure to the long-term trend of rising power demand, and upside optionality to the AI data center opportunity.