Capital Power (OTCMKTS:CPXWF) Stock Price Up 2% – Here’s What Happened

Capital Power Co. (OTCMKTS:CPXWF) shares rose 2% during mid-day trading on Monday . The company traded as high as $51.6020 and last traded at $51.6020. Approximately 16,756 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 56,547 shares. The stock had previously closed at $50.59.

Wall Street Analyst Weigh In

CPXWF has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Capital Power in a report on Thursday, April 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Capital Power in a report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Capital Power Price Performance

The company has a 50-day simple moving average of $48.06 and a 200-day simple moving average of $45.54.

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.