Capital Power Corp (TSE:CPX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$25.95 and last traded at C$25.95, with a volume of 57853 shares changing hands. The stock had previously closed at C$25.64.

Several equities analysts recently issued reports on CPX shares. CIBC upped their target price on Capital Power from C$27.00 to C$28.00 in a research report on Tuesday, May 1st. Canaccord Genuity set a C$28.00 target price on Capital Power and gave the company a “buy” rating in a research report on Friday, May 4th. Finally, TD Securities raised Capital Power from a “hold” rating to a “buy” rating and set a C$28.00 target price on the stock in a research report on Friday, April 27th. Five equities research analysts have rated the stock with a buy rating, Capital Power has an average rating of “Buy” and a consensus price target of C$29.20.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Monday, April 30th. The company reported C$0.30 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.10). The company had revenue of C$307.00 million for the quarter, compared to analyst estimates of C$326.00 million. Capital Power had a negative return on equity of 2.75% and a negative net margin of 4.98%.

In related news, Director Brian Tellef Vaasjo purchased 10,000 shares of the business’s stock in a transaction on Friday, May 25th. The shares were bought at an average cost of C$24.99 per share, with a total value of C$249,900.00.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.

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