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Capital Power (CPX) Price & Analysis
CPX Stock Chart & Stats
- Day’s Range
- CAD 61.79 - CAD 63.22
- 52-Week Range
- CAD 56.48 - CAD 77.02
- Previous Close
- CAD 63.44
- Volume
- 193.61K
- Average Volume (3M)
- 459.06K
- Market Cap
- CAD 9.90B
- Enterprise Value
- CAD 18.58B
- Total Cash (Recent Filing)
- CAD 153.00M
- Total Debt (Recent Filing)
- CAD 7.14B
- Price to Earnings (P/E)
- 117.9
- Beta
- 0.99
- Next Earnings
- Nov 02, 2026
- EPS Estimate
- 0.84
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.41%
Bulls Say, Bears Say
Bulls Say
Long-term Contracted Revenue
The Meta agreement adds long-duration contracted revenue without requiring capital investment or encumbering existing assets. This improves visibility into future cash flows, reduces reliance on volatile merchant pricing, and strengthens the commercial foundation for sustained operating performance.
Strong Cash Generation
Consistently strong operating cash flow gives Capital Power capacity to fund maintenance, dividends, and selected growth investments. Although free cash flow remains more modest, its improvement supports financial flexibility and demonstrates that the operating fleet generates substantial recurring cash.
Embedded Earnings Upside
The larger embedded EBITDA opportunity indicates meaningful earnings potential already present in the portfolio through contract roll-offs, uprates, and merchant exposure. If executed, this supports medium-term growth without requiring all expansion to come from entirely new developments.
Bears Say
Elevated Leverage
Higher leverage reduces financial flexibility and increases the sensitivity of equity returns to operating volatility, financing costs, and project execution. It can also constrain the company’s ability to fund development or pursue acquisitions while maintaining distributions.
Weak Earnings Quality
Very thin net margins and negative gross profit indicate that strong revenue growth has not translated consistently into durable profitability. This weakens confidence in recurring earnings power and leaves less protection if operating costs, financing expenses, or market pressures remain elevated.
More Conservative Growth Outlook
Lower growth guidance signals a more restrained expansion profile over the medium term, which may limit the pace of earnings and cash-flow compounding. The shift also suggests that management is prioritizing disciplined capital allocation over pursuing a faster but potentially riskier growth path.
CPX FAQ
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Capital Power Stock Smart Score
Company Description
Capital Power
Capital Power Corporation focuses on developing, acquiring, and operating both sustainable and conventional electricity generation facilities throughout Canada and the United States. The company produces power from a diverse mix of energy sources, including wind, solar, waste heat, natural gas, and coal. It boasts an extensive portfolio comprising approximately 6,600 megawatts of generating capacity spread across 26 different sites. Additionally, Capital Power actively manages its associated electricity, natural gas, and emissions holdings through various trading and marketing activities. This company, which has been in operation since its founding in 1891, is headquartered in Edmonton, Canada.
- Sector
- Utilities
- Industry
- Independent Power Producers
- CEO
- Avik Dey
- Employees
- 700
- Website
- www.capitalpower.com
- Address
- 10423-101 Street NW, Edmonton, AB, T5H 0E9, CA
Capital Power (CPX) Earnings & Revenues
CPX Earnings Call
Earnings Call SentimentPositive
The call emphasized strong commercial progress (notably the 250 MW Meta ESA), meaningful upgrades to the company’s embedded EBITDA upside (~$1.25B), double-digit YoY generation growth (+12% TWh) and solid quarter-over-quarter financial gains (Q2 adjusted EBITDA +9%, Q2 AFFO +39.6%). Management reaffirmed 2026 guidance, increased the dividend, and highlighted portfolio diversification and capacity upgrade milestones. Near-term headwinds include planned maintenance that weighed on U.S. flexible generation results, elevated sustaining capital and corporate/finance costs, modest solar project timing slips, and external regulatory/social uncertainties that could affect timing of development and recontracting. On balance, the positive commercial wins, financial improvements and expanded embedded upside materially outweigh the operational and timing challenges discussed.
View all TSE:CPX earnings summariesCPX Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 5 | 8 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 7 | 0 | 5 |