Capital Power (CPX) Got Some Good News

By Ryan Adsit

Capital Power (CPXResearch Report), the Utilities sector company, has received a rating update from a Wall Street analyst today. Raymond James’ analyst David Quezada upgraded CPX to Buy , with a C$35.50 price target.

Quezada has an average return of 17.4% when recommending Capital Power.

According to TipRanks.com, Quezada is ranked #707 out of 5169 analysts.

Currently, the analyst consensus on Capital Power is a Moderate Buy with an average price target of C$31.67, implying a 4.6% upside from current levels. In a report issued on May 9, Industrial Alliance Securities also upgraded the stock to Buy with a C$34 price target.

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The company has a one-year high of C$32.44 and a one-year low of C$24.69. Currently, Capital Power has an average volume of 286.9K.

Capital Power Corp. engages in the development, acquisition, construction, operation, and optimization of power generation facilities. Its projects include Halkirk, Port Dover and Nanticoke, Keephills 3, and K2 wind power. The company was founded on May 1, 2009 and is headquartered in Edmonton, Canada.

The company’s shares closed on Tuesday at C$30.27.