Bullboard - Stock Discussion Forum Capital Power Corp T.CPX.PR.A

Primary Symbol: T.CPX Alternate Symbol(s): T.CPX.PR.C | CPRHF | T.CPX.PR.E | T.CPX.PR.K | CPXWF | CPWPF

Utilities Utilities - Independent Power Producers

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of... see more

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TSX:CPX - Post Discussion

Capital Power Corp > Raymond James downgraded to $49

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Post by prabhatmalik on Oct 26, 2021 11:44am

Raymond James downgraded to $49

Is that the reason stock has lost 5% of it's value in 3 days?
Any opinion appriciated.

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Comment by MrAnderson on Oct 26, 2021 12:34pm

While I am not totally sure it looks like they buy natural gas to make electricity. Gas prices are rising and they may have sold electricity under fixed price contracts or be regulated by govt at to how much and when they can increase prices. So profits could be getting squeezed.

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