Capital Power (OTCMKTS:CPXWF) Stock Price Up 1.9% – Still a Buy?

Capital Power Co. (OTCMKTS:CPXWF)’s share price rose 1.9% on Monday . The company traded as high as $43.62 and last traded at $43.62. Approximately 12,123 shares changed hands during trading, a decline of 81% from the average daily volume of 65,214 shares. The stock had previously closed at $42.82.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CPXWF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Capital Power in a report on Thursday, October 30th. Scotiabank reiterated an “outperform” rating on shares of Capital Power in a research note on Monday, October 6th. ATB Capital upgraded shares of Capital Power to an “outperform” rating in a report on Thursday, December 11th. CIBC reissued an “outperform” rating on shares of Capital Power in a research report on Monday, October 20th. Finally, Evercore ISI started coverage on shares of Capital Power in a research report on Monday, October 6th. They issued an “outperform” rating on the stock. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital Power has a consensus rating of “Moderate Buy”.

Capital Power Stock Up 1.9%

The firm has a fifty day simple moving average of $43.39 and a two-hundred day simple moving average of $44.97.

About Capital Power

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.