Capstone Infrastructure Corp T.CSE.PR.A

Alternate Symbol(s): CPOIF

Utilities Utilities - Diversified

Capstone Infrastructure Corp is a Canada-based company, which is engaged in owning and operating infrastructure businesses. The Company operates as a power producer that is focused on providing clean, renewable energy to homes and businesses across North America. The Company develops, owns and operates thermal and renewable power generation facilities with a total installed capacity of 570 megawatts across 28 facilities in Canada. It operates wind, hydro, solar, biomass, and natural gas power plants. Its operated facilities include Amherstburg Solar Park, Cardinal Power, Dryden, Erie Shores Wind Farm Fitzpatrick Mountain, Ganaraska, Glace Bay, Glen Dhu, Goulais Wind Farm, Grey Highlands Clean Energy, Grey Highlands, Hluey Lakes, Sechelt, Springwood, Whittington, Napier and Sumac Ridge wind.

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Capstone Infrastructure Corp

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Post by anon314on Aug 12, 2015 8:50pm

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Post# 24013254

From RBC

Capstone Infrastructure Corp. (CSE) - $3.04 – Slight Q2 miss, but the focus remains on Bristol Water
RBC CM: Outperform (PT $4)
Capstone Infrastructure’s Q2/15 Adjusted EBITDA of $29 million was in line with RBC CM’s estimate of $30 million but weaker than consensus of $32 million. The Q2/15 ACFFO/share was $0.06, falling short of RBC CM’s estimate of $0.10. The variance was due to higher-than-expected maintenance capex at the wind facilities and the deferral of distributions from Bristol Water (compared to RBC CM’s estimate of $2 million). The CMA final ruling (expected in Q4) on Bristol Water’s business plan remains an overhang, as investors continue to be concerned about the sustainability of Capstone Infrastructure’s dividend. RBC CM believes the market is already pricing in a dividend reduction, so RBC CM sees upside once there is additional visibility on Bristol Water and its impact on Capstone Infrastructure’s dividend.