The Globe and Mail reports in its Friday, Sept. 18, edition that TD Cowen analyst John Mould has reaffirmed his "buy" recommendation and $80 share target for Capital Power. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $83.19. Mr. Mould views Capital Power as well-positioned to benefit from rising electricity demand in key markets like Alberta and certain United States regions. Mr. Mould says in a note: "We believe Capital Power has built a strong track record of gas-fired M&A where it can add value (recontracting, optimization). Capital Power's pullback (down 22 per cent since early July) offers an attractive entry point. ... Capital Power shares are off 22 per cent since early July, making it the worst-performing equity in Canadian power and utilities over that time horizon. Finalizing the Meta offtake (July 8) was an anticipated milestone for Capital Power; we continue to view growing demand for electricity across its fleet (Alberta, PJM, recontracting) as a tailwind for the stock. Its valuation has declined by 1.9 times since the end of June, vs. declines of one times and 0.6 times for Canadian IPP and U.S. IPP peers."