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Capital Power ( (TSE:CPX) ) has shared an announcement.
Capital Power Corporation announced a C$600 million public offering of unsecured medium-term notes in Canada, with an interest rate of 4.231% maturing in 2033. The proceeds will be used to refinance existing debt, including the redemption of C$300 million of its 2026 notes, and for general corporate purposes. This strategic financial move is expected to strengthen the company’s debt profile and support its ongoing projects, potentially enhancing its market position and operational flexibility.
The most recent analyst rating on (TSE:CPX) stock is a Buy with a C$79.00 price target. To see the full list of analyst forecasts on Capital Power stock, see the TSE:CPX Stock Forecast page.
Spark’s Take on TSE:CPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:CPX is a Outperform.
Capital Power’s overall stock score is driven by strong earnings call performance and positive technical indicators. While financial performance shows mixed results with some risks, the company’s strategic achievements and fair valuation support a solid investment case. Investors should monitor financial health and operational efficiency improvements.
To see Spark’s full report on TSE:CPX stock, click here.
More about Capital Power
Capital Power Corporation is a company in the energy sector, focusing on power generation. It is involved in the development, acquisition, and operation of power generation facilities across North America, with a market focus on providing electricity from a diverse portfolio of energy sources.
Average Trading Volume: 666,126
Technical Sentiment Signal: Buy
Current Market Cap: C$10.87B
For a thorough assessment of CPX stock, go to TipRanks’ Stock Analysis page.