Capital Power Co. (OTCMKTS:CPXWF) Given Average Recommendation of “Buy” by Analysts

Shares of Capital Power Co. (OTCMKTS:CPXWF) have been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation.

CPXWF has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Capital Power in a report on Friday, July 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Capital Power in a research report on Thursday, July 9th.

Capital Power Stock Performance

CPXWF stock opened at $43.90 on Friday. The firm has a 50 day moving average of $47.49 and a 200-day moving average of $48.37. Capital Power has a 12 month low of $40.86 and a 12 month high of $53.84.

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.