Capital Power Corp Surges to 52-Week High, Is Now Top Performer

 Capital Power Corp Surges to 52 Week High, Is Now Top Performer

The stock of Capital Power Corp (TSE:CPX) hit a new 52-week high and has $24.78 target or 5.00% above today’s $23.60 share price. The 5 months bullish chart indicates low risk for the $2.31 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $24.78 price target is reached, the company will be worth $115.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 437,870 shares traded hands or 60.49% up from the average. Capital Power Corp (TSE:CPX) has risen 18.83% since April 21, 2016 and is uptrending. It has outperformed by 13.42% the S&P500.

Capital Power Corp (TSE:CPX) Ratings Coverage

Out of 5 analysts covering Capital Power Corporation (TSE:CPX), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $26 is the highest target while $18 is the lowest. The $21 average target is -11.02% below today’s ($23.6) stock price. Capital Power Corporation has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Tuesday, July 28 by Scotia Capital. IBC downgraded the stock to “Target Price” rating in Wednesday, November 25 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, October 25 report. The firm earned “Underperform” rating on Tuesday, October 25 by Scotia Capital.

More recent Capital Power Corp (TSE:CPX) news were published by: Business.Financialpost.com which released: “Capital Power Corp downgraded despite strong Q3” on October 25, 2016. Also Cbc.ca published the news titled: “Capital Power ditches deal to buy power of Sundance coal-fired plant” on March 24, 2016. Seekingalpha.com‘s news article titled: “Capital Power: Overpriced Political Risk” with publication date: October 31, 2016 was also an interesting one.

Capital Power Corp is a power producing company. The company has a market cap of $2.31 billion. The Firm develops, acquires, operates and optimizes power generation from a range of energy sources. It has a 23.56 P/E ratio. It operates through the operation of electrical generation facilities within Canada (Alberta, British Columbia and Ontario) and in the United States (North Carolina and New Mexico) segment.

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