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Capital Power Corp
Symbol CPX
Shares Issued 129,627,946
Close 2024-05-10 C$ 37.50
Market Cap C$ 4,861,047,975
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Globe says Stadler advises buying more Capital Power

2024-05-10 07:34 ET - In the News

The Globe and Mail reports in its Friday, May 10, edition that Desjardins Securities analyst Brent Stadler says now is the time to add exposure to Capital Power in the wake of the firm's Investor Day, which he says has invigorated his interest in the stock. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Stadler says in a note: "The investor day was phenomenal, in our view, and we are big fans of the refreshed/ charismatic messaging, which gives us greater confidence in Capital Power's outlook and ability to capitalize on growing power demand tailwinds. We are getting ahead of the load growth and AI/datacentre tailwind for FlexGen assets and partially reducing conservatism in our model to reflect expectations for more attractive recontracting terms and an improved outlook for firm capacity—the primary driver of our target increasing. ... In our view, Capital Power offers investors deep value and exposure to a balanced approach to the energy transition, which has the company uniquely positioned to benefit as we move further into the reliability era." Mr. Stadler raised his share target to $50 from $48. Analysts on average target the shares at $41.55.

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