Review of Capital Power

DEC 07, 2023 - CPX’s third quarter was solid displaying growth in EPS, revenue, and EBITDA. Full year guidance is expecting adjusted EBITDA and adjusted funds from operations (AFFO) to come in just below the midpoint of guidance. CPX has a cheap valuation due to weak EPS and revenue growth projections for the next two years. CPX recently completed two acquisitions that were fully accretive for $1.1 billion, which will help better position CPX for the long run. The valuation is attractive, but it is important to note that CPX will be more of a longterm play with a weak short-term outlook. We have maintained our rating at a B+ due to this outlook.

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Q: NPI continues to be in the doldrums despite recent earnings being quite decent. Do you feel optimistic about an eventual price recovery?

Read Answer Asked by richard on August 30, 2024

Q: Portfolio Analytics has suggested I reduce of my exposure in the Utilities sector. My holdings consist of AEP, CPX, EIX and NI. Is there one you would sell or should I maintain a position in all.

Thank you

Read Answer Asked by J Stephen on August 20, 2024

Q: Morning,
I recently acquired some information about a new project development in Alberta. A European private equity company has purchased 5 out of 6 quarters of land along the corridor from Edmonton to Calgary(I know this part for a fact). They are going to invest 1 Billion on each quarter of land for Data Centers. Apparently Alberta has a great amount of Dark Fiber Optics available which is perfect for this.
Do you see any investment opportunities here? I assume these Data Centers will need a huge amount of power, so would power producers be an area of opportunity? Such as CPX . Let me know what you think and any ideas.

Read Answer Asked by Don on August 02, 2024