Capital Power (OTCMKTS:CPXWF) Shares Climb 5% – Still a Buy?

Capital Power Co. (OTCMKTS:CPXWF)’s share price shot up 5% during trading on Tuesday. The company traded as high as $45.08 and last traded at $45.08. Approximately 8,309 shares changed hands during trading, a decline of 86% from the average daily volume of 57,356 shares. The stock had previously closed at $42.9190.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Capital Power in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Capital Power in a report on Friday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Capital Power Trading Up 5.0%

The firm has a 50-day simple moving average of $45.71 and a 200-day simple moving average of $48.23.

About Capital Power

Capital Power Corporation (OTCMKTS:CPXWF) is an independent power producer based in Edmonton, Alberta. The company develops, owns and operates electricity-generation facilities and provides power and related services to utilities, commercial customers and electricity markets.

Its generation portfolio includes natural gas, coal, wind and solar facilities, as well as battery energy storage assets. Capital Power also develops and invests in technologies and projects intended to support the transition to a lower-carbon electricity system, including renewable generation, energy storage and carbon-management initiatives.

The company serves electricity markets in Canada and the United States, with operations and development activities concentrated in North America.