Capital Power (OTCMKTS:CPXWF) Trading 1.9% Higher – What’s Next?

Capital Power Co. (OTCMKTS:CPXWF)’s share price traded up 1.9% on Monday . The stock traded as high as $50.09 and last traded at $50.09. 30,160 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 45,796 shares. The stock had previously closed at $49.14.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Capital Power in a research note on Monday. Evercore ISI assumed coverage on shares of Capital Power in a research note on Monday. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group cut shares of Capital Power to a “hold” rating in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Capital Power Stock Up 1.9%

The firm’s 50-day moving average price is $43.88 and its 200 day moving average price is $40.41.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.