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

Capital Power Co. (OTCMKTS:CPXWF) shares were up 5% during mid-day trading on Tuesday. The company traded as high as $45.08 and last traded at $45.08. 8,309 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 57,356 shares. The stock had previously closed at $42.9190.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPXWF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Capital Power in a research note on Friday, July 17th. BMO Capital Markets restated an “outperform” rating on shares of Capital Power in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Capital Power Trading Up 5.0%

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