Capital Power (OTCMKTS:CPXWF) Shares Down 1.3% – What’s Next?

Shares of Capital Power Co. (OTCMKTS:CPXWF) fell 1.3% during trading on Tuesday . The company traded as low as $49.90 and last traded at $50.00. 8,654 shares were traded during trading, a decline of 80% from the average session volume of 43,877 shares. The stock had previously closed at $50.6525.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPXWF. Scotiabank reaffirmed an “outperform” rating on shares of Capital Power in a research note on Monday, October 6th. Evercore ISI began coverage on shares of Capital Power in a research note on Monday, October 6th. They set an “outperform” rating for the company. Finally, CIBC reaffirmed an “outperform” rating on shares of Capital Power in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Capital Power Price Performance

The firm’s 50-day simple moving average is $46.37 and its 200-day simple moving average is $42.42.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.