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

Capital Power Co. (OTCMKTS:CPXWF) shares dropped 1.3% on Tuesday . The stock traded as low as $49.90 and last traded at $50.00. Approximately 8,654 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 43,877 shares. The stock had previously closed at $50.6525.

Analysts Set New Price Targets

CPXWF has been the subject of several research reports. Evercore ISI initiated coverage on shares of Capital Power in a research report on Monday, October 6th. They issued an “outperform” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of Capital Power in a research report on Monday, October 6th. Finally, CIBC reaffirmed an “outperform” rating on shares of Capital Power in a research report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Capital Power has a consensus rating of “Moderate Buy”.

Capital Power Stock Performance

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