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Capital Power Corp
Symbol CPX
Shares Issued 138,979,428
Close 2025-01-17 C$ 62.13
Market Cap C$ 8,634,791,862
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Globe says Capital Power maintained at "buy"

2025-01-17 07:42 ET - In the News

The Globe and Mail reports in its Friday, Jan. 17, edition that Desjardins Securities analyst Brent Stadler has reaffirmed his "buy" recommendation for Capital Power. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stadler boosted his share target to $66 from $65. Analysts on average target the shares at $63.09. Mr. Stadler says in a note: "Capital Power provided 2025 adjusted EBITDA guidance of $1.34-million to $1.44-billion. This was 2 to 3 per cent below our prior $1.42-billion estimate; the Street was at $1.43-billion. AFFO guidance of $850 million to $950-million was 9 per cent ahead of our prior $824-million estimate (Street at $850-million). We have updated our updated our model and are now in line with guidance." Seeing the potential for more value from its operating merchant fleet in Alberta, "which could be unlocked on a recontracting announcement," and its U.S. M&A opportunities remaining "robust," Mr. Stadler raised his 2025 and 2026 cash flow expectations. Mr. Stadler adds: "In our view, Capital Power has a high-quality gas platform which is in high demand, with a number of near-term catalysts that could power the stock higher."

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