Capital Power (OTCMKTS:CPXWF) Shares Up 1.9% – Here’s Why

Capital Power Co. (OTCMKTS:CPXWFGet Free Report) shot up 1.9% during mid-day trading on Monday . The company traded as high as $43.62 and last traded at $43.62. 12,123 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 65,214 shares. The stock had previously closed at $42.82.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of Capital Power in a report on Monday, October 6th. ATB Capital upgraded Capital Power to an “outperform” rating in a research note on Thursday, December 11th. CIBC reissued an “outperform” rating on shares of Capital Power in a report on Monday, October 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Capital Power in a research note on Thursday, October 30th. Finally, Desjardins reiterated a “buy” rating on shares of Capital Power in a research report on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Capital Power has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on CPXWF

Capital Power Stock Up 1.9%

The company has a fifty day moving average price of $43.39 and a 200-day moving average price of $44.97.

Capital Power Company Profile

(Get Free Report)

Capital Power is an independent power producer that develops, acquires, operates and optimizes power generation facilities in North America. The company’s diversified fleet includes natural gas, coal, wind and solar facilities, with a total generating capacity of approximately 6,500 megawatts. Capital Power’s portfolio serves baseload and peaking requirements as well as renewable energy mandates, providing reliable electricity to utilities, municipalities and large industrial customers under long-term power purchase agreements.

Headquartered in Edmonton, Alberta, Capital Power operates in key markets across Canada and the United States.

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