Capital Power (OTCMKTS:CPXWF) Shares Up 2.1% – Should You Buy?

Capital Power Co. (OTCMKTS:CPXWF) rose 2.1% during trading on Wednesday . The company traded as high as $47.33 and last traded at $47.28. 44,409 shares changed hands during trading, a decline of 15% from the average session volume of 51,952 shares. The stock had previously closed at $46.29.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Desjardins restated a “buy” rating on shares of Capital Power in a report on Thursday, January 8th. ATB Cormark Capital Markets raised shares of Capital Power to an “outperform” rating in a research report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Capital Power currently has an average rating of “Moderate Buy”.

Capital Power Price Performance

The company has a 50-day moving average price of $44.40 and a 200-day moving average price of $45.41.

Capital Power Company Profile

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.