Capital Power Corp T.CPX

Alternate Symbol(s): CPXWF | T.CPX.PR.A | CPRHF | T.CPX.PR.C | T.CPX.PR.E | 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 power generation capacity at 32 facilities across North America. Its projects under construction include over 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, and over 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development. Its La Paloma facility is located in Kern County, California. The Company also has a Harquahala natural gas generation facility in Arizona.

TSX:CPX - Post by User

Capital Power Corp > Up 1% on an ugly day........

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Comment by 555rookie555on Jun 15, 2024 12:02am

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Post# 36090292

RE:RE:Up 1% on an ugly day........

SP Nov 20th CPX announced acquision of 2 gas fired plants in the U.S. SP dropped from $39 to $36-$37 range by Nov 24th. The market questioned the additional debt based on the risk of interest rates continuing to rise but now I think the market views the recent IR drop as a confirmation that rates have peaked, thus derisking CPX and raising it's value IMO.

I'm not sure what P/E CPX should reach but happy I still hold my equal weight position and didn't mind cashing in the bit of extra I added a while back.

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