The Globe and Mail reports in its Thursday edition that TD Cowen analyst John Mould has reaffirmed his "buy" recommendation for Capital Power. The Globe's David Leeder writes that Mr. Mould gave his share target a $4 trim to $66. Analysts on average target the shares at $68.60. Mr. Mould says in a note: "We believe our 'buy' rating on Capital Power is supported by a growing need for reliable electricity in its core markets, strong competitive positioning in Alberta's wholesale power market, and Capital Power's development track record. The company's natural-gas repowering initiative at Genesee 1+2 is expected to produce the most efficient combined-cycle units in Canada; the company was off-coal as of Q2/24. Capital Power has also demonstrated its ability to complement its fleet with additional renewable/thermal power development projects. We also believe the company has built a strong track record of acquiring mid-life gas-fired assets and adding value via recontracting or asset enhancements. We anticipate that secured growth initiatives will support Capital Power's target of 6-per-cent annual dividend growth through 2025, further diversify its operations, and complement the company's high-quality Alberta portfolio."