Capital Power (OTCMKTS:CPXWF) Trading Up 0.6% – Time to Buy?

Shares of Capital Power Co. (OTCMKTS:CPXWF) were up 0.6% on Tuesday . The stock traded as high as $43.50 and last traded at $43.43. Approximately 26,521 shares changed hands during trading, a decline of 40% from the average daily volume of 44,523 shares. The stock had previously closed at $43.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CPXWF shares. Scotiabank reissued an “outperform” rating on shares of Capital Power in a report on Monday, October 6th. National Bankshares reiterated an “outperform” rating on shares of Capital Power in a research note on Thursday, October 30th. TD Securities restated a “buy” rating on shares of Capital Power in a research note on Thursday, October 30th. ATB Capital raised shares of Capital Power to an “outperform” rating in a report on Thursday, December 11th. Finally, CIBC reissued an “outperform” rating on shares of Capital Power in a report on Monday, October 20th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Capital Power Stock Performance

The stock has a 50 day simple moving average of $45.73 and a two-hundred day simple moving average of $44.71.

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.