TSX:CPXRenewable Energy
Capital Power (TSX:CPX) Stock Drifts While Cash Flow Strength Reframes The Story
Capital Power stock has been drifting, with the share price down about 8% over the past month, yet Q2 landed with a very different message. The headline is not the earnings per share loss of CA$0.33. It is the cash engine. Adjusted EBITDA reached CA$351m and adjusted funds from operations climbed to CA$328m, helped by clean technology investment tax credits and stronger portfolio output.
For a company often viewed through the lens of rich valuation and thin margins, this quarter was about...