Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Capital Power ( (TSE:CPX) ).
Capital Power has successfully commissioned its first-ever Battery Energy Storage Systems (BESS) in Ontario, with the 120-MW York and 50-MW Goreway projects now operational. These projects, contracted until 2047, will significantly contribute to grid stability, support renewable resource integration, and meet growing electricity demand, adding roughly $35 million in annual EBITDA for over 20 years. This development positions Capital Power as a leader in North America’s energy expansion, providing up to 170 megawatts of storage capacity to ensure reliable and lower-emitting electricity for Ontarians.
The most recent analyst rating on (TSE:CPX) stock is a Buy with a C$67.00 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 reflects a combination of strong technical momentum and positive earnings call insights, which are somewhat offset by mixed financial performance and valuation. The company’s strategic growth initiatives and attractive dividend yield are significant strengths, while financial risks and potential liquidity issues pose challenges.
To see Spark’s full report on TSE:CPX stock, click here.
More about Capital Power
Capital Power is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities across North America. The company focuses on delivering reliable and affordable power, building lower-carbon power systems, and creating balanced energy solutions.
Average Trading Volume: 711,972
Technical Sentiment Signal: Buy
Current Market Cap: C$10.11B
See more data about CPX stock on TipRanks’ Stock Analysis page.