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Updated 1m ago
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Capital Power CorporationTSX:CPX Stock Report

Market Cap CA$10.0b
Updated 1m ago
Share Price
n/a
1Y6.4%
7D-0.5%
1D-2.5%
Portfolio Value
​
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Capital Power Corporation

TSX:CPX Stock Report

Market Cap: CA$10.0b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Capital Power (CPX) Stock Overview

Develops, acquires, owns, and operates utility-scale renewable and flexible generation facilities in Canada and the United States. More details

CPX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health0/6
Dividends3/6

Rewards

Trading at 70.1% below our estimate of its fair value

Earnings are forecast to grow 32.85% per year

Analysts in good agreement that stock price will rise by 25.6%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 4.46% is not well covered by earnings or free cash flows

Profit margins (2.7%) are lower than last year (13.9%)

Large one-off items impacting financial results


CPX Community Fair Values

Create Narrative

See what 61 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
19.6% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Analysts Raise Targets for Capital Power on Improved Margins and Strong Growth Outlook

994
1
45

Top Analyst Narratives

CPX logo
Capital Power
19.6% undervalued intrinsic discount

Analysts Raise Targets for Capital Power on Improved Margins and Strong Growth Outlook

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 17 Jul
Read Narrative
View all narratives

Capital Power Corporation Competitors

Maxim Power

Symbol: TSX:MXG
Market cap: CA$264.9m

ATCO

Symbol: TSX:ACO.X
Market cap: CA$8.3b

AltaGas

Symbol: TSX:ALA
Market cap: CA$16.6b

Algonquin Power & Utilities

Symbol: TSX:AQN
Market cap: CA$6.0b

Price History & Performance

Summary of share price highs, lows and changes for Capital Power
Historical stock prices
Current Share PriceCA$62.03
52 Week HighCA$77.02
52 Week LowCA$56.48
Beta0.40
1 Month Change-5.15%
3 Month Change-12.42%
1 Year Change6.38%
3 Year Change48.57%
5 Year Change40.47%
Change since IPO173.98%

Recent News & Updates

User avatar
Narrative Update • Jul 17

CPX: Fair Value Outlook Will Hinge On Meta Deal And Margins

Capital Power's updated fair value estimate reflects a modest uplift in the implied analyst price target to CA$85, with analysts pointing to current revisions at CIBC and BMO, along with expectations for more tempered sector earnings and weaker renewables conditions as key drivers of their refreshed assumptions. Analyst Commentary Recent Street research on Capital Power shows analysts adjusting their price targets and views as they reassess sector earnings expectations and renewables exposure.

Recent updates

User avatar
Narrative Update • Jul 17

CPX: Fair Value Outlook Will Hinge On Meta Deal And Margins

Capital Power's updated fair value estimate reflects a modest uplift in the implied analyst price target to CA$85, with analysts pointing to current revisions at CIBC and BMO, along with expectations for more tempered sector earnings and weaker renewables conditions as key drivers of their refreshed assumptions. Analyst Commentary Recent Street research on Capital Power shows analysts adjusting their price targets and views as they reassess sector earnings expectations and renewables exposure.
User avatar
Narrative Update • Jun 25

CPX: Fair Value Outlook Will Depend On Margins And Secured Cash Flows

Analysts have made a modest upward revision to the Capital Power fair value estimate. The model implies an increase of about CA$0.23 per share, reflecting updated assumptions on the discount rate and forward P/E, while revenue growth and profit margin expectations remain essentially unchanged.
User avatar
Narrative Update • Jun 07

CPX: Fair Value View Will Hinge On Margins And Contracted Cash Flows

Analysts have trimmed their average price target on Capital Power by about CA$0.20. This reflects a mix of recent target cuts and initiations that point to more cautious assumptions on profit margins, even as revenue growth expectations and discount rate inputs are adjusted.
Analysis Article • May 04

Downgrade: Here's How Analysts See Capital Power Corporation (TSE:CPX) Performing In The Near Term

The analysts covering Capital Power Corporation ( TSE:CPX ) delivered a dose of negativity to shareholders today, by...
User avatar
Narrative Update • Apr 27

CPX: Fair Value View Will Depend On Profit Margins And New Finance Leadership

Analysts have inched their CA$ fair value estimate for Capital Power up to about CA$74.63 per share, citing updated views on discount rates, profit margins, and forward P/E expectations following recent research updates and a CA$1 price target increase at CIBC. Analyst Commentary Bullish Takeaways Bullish analysts view the recent CA$1 price target adjustment as support for the updated fair value estimate around CA$74.63 per share.
User avatar
Narrative Update • Apr 12

CPX: Reliability Focus And New Finance Leadership Will Shape Future Returns

Analysts have kept their fair value estimate for Capital Power steady at about CA$74.54, with only very small tweaks to inputs such as the discount rate and future P/E assumptions. This reflects incremental model updates rather than a major change in view.
User avatar
Narrative Update • Mar 28

CPX: Future Returns Will Reflect Extended Arlington Contract And Uprate Benefits

Analysts have adjusted Capital Power's target price to CA$82 from CA$80, reflecting updated views on the company’s risk profile and earnings outlook while maintaining a broadly consistent long term valuation framework. Analyst Commentary Recent research updates suggest that analysts are reassessing Capital Power's risk and earnings profile while keeping their core valuation approach largely intact.
User avatar
Narrative Update • Mar 10

CPX: Future Returns Will Reflect Long Dated Arlington Cash Flows And Uprate Benefits

Analysts have nudged their Capital Power price target up by CA$2 to CA$82. This reflects updated assumptions around discount rates, revenue growth, margins and future P/E that align with recent Street research.
User avatar
Narrative Update • Feb 23

CPX: Future Returns Will Reflect Long Dated Arlington Cash Flows And Uprate Benefits

Analysts have adjusted their view on Capital Power, with one firm lifting its price target to CA$82 from CA$80, reflecting updated assumptions on discount rates and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the higher CA$82 price target as support for their updated assumptions on Capital Power's P/E, suggesting they see room for the shares to reflect those revised earnings multiples over time.
Analysis Article • Feb 13

Does Capital Power (TSE:CPX) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
User avatar
Narrative Update • Feb 09

CPX: Future Returns Will Reflect Long Dated Arlington Tolling Cash Flows

Narrative Update on Capital Power Analysts have nudged their price target on Capital Power to C$82 from C$80, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research around Capital Power focuses on how updated assumptions feed into valuation and execution risks, rather than any single near term catalyst.
User avatar
Narrative Update • Jan 24

CPX: Future Returns Will Reflect Long Term Contracted U.S. Gas Cash Flows

Analysts have nudged their fair value estimate for Capital Power higher to about C$74.71 from roughly C$74.46, citing a series of recent price target increases across the Street that reflect updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research updates around Capital Power cluster tightly in a C$73 to C$82 fair value range, which helps explain the modest move higher in the aggregated fair value estimate.
User avatar
Narrative Update • Jan 08

CPX: Future Returns Will Reflect Long Term Contracted And Merchant Cash Flows

Analysts have raised their price targets on Capital Power into a C$73 to C$85 range, with several firms moving to around C$80 to C$82, citing updated views on valuation inputs such as discount rates and future P/E assumptions. Analyst Commentary Recent Street research shows a tight cluster of targets between C$73 and C$85, with several bullish analysts moving into the C$80 to C$82 area.
User avatar
Narrative Update • Dec 18

CPX: Future Performance Will Reflect Long Term Contracted Cash Flow From New Projects

The analyst price target for Capital Power has been increased by C$1.00. This change reflects analysts' view that stronger revenue growth prospects and a higher future earnings multiple more than offset slightly lower profit margin assumptions and a modestly higher discount rate.
User avatar
Narrative Update • Dec 04

CPX: Future Performance Will Reflect Long Term Contracted Cash Flow Upside

Analysts have lifted their consolidated price target for Capital Power to about C$80, reflecting increased confidence in the company’s underappreciated growth profile, resilient margins, and U.S.-like expansion prospects. Analyst Commentary Recent Street research points to a broadly constructive view on Capital Power, with multiple firms raising their price targets and reiterating positive ratings in quick succession.
User avatar
Narrative Update • Nov 20

CPX: Future Performance Will Reflect Recent Storage and Contract Wins Driving Upside

The analyst price target for Capital Power saw a modest decrease of $0.50 to $75.46 per share, as analysts cite adjustments in fair value and discount rate. This comes despite ongoing positive sentiment highlighted by several recent price target increases across major investment firms.
User avatar
Narrative Update • Nov 05

CPX: Future Performance Will Reflect Weighing New Projects Against Margin Pressures

Analysts have modestly raised their price target for Capital Power, increasing it from approximately C$74 to C$76. They cite a series of upward target revisions across the Street that reflect confidence in the company's outlook, despite tempered growth estimates.
User avatar
Narrative Update • Oct 22

Analysts Raise Targets for Capital Power on Improved Margins and Strong Growth Outlook

Analysts have raised their price target for Capital Power, increasing the fair value estimate from approximately C$69 to nearly C$74. The upward revision is supported by improved profit margins and continued confidence in the company's growth prospects.
Analysis Article • Oct 09

Capital Power Corporation's (TSE:CPX) 29% Price Boost Is Out Of Tune With Earnings

Capital Power Corporation ( TSE:CPX ) shareholders have had their patience rewarded with a 29% share price jump in the...
User avatar
Narrative Update • Oct 08

North American Demand Trends Will Expose Overvaluation Risks

Analysts have increased their average price target for Capital Power, raising it by approximately C$1.45 to C$69.04. They cite the company's underappreciated growth prospects and consistent upward revisions from multiple firms.
User avatar
Narrative Update • Sep 20

North American Demand Trends Will Expose Overvaluation Risks

Consensus analyst price targets for Capital Power have been revised upward, reflecting stronger earnings momentum, improved cash flow forecasts, and enhanced growth visibility from portfolio diversification and a favorable policy environment, resulting in a new target of CA$67.59. Analyst Commentary Bullish analysts cite stronger-than-expected earnings momentum, leading to increased confidence in management’s execution.
User avatar
Narrative Update • Aug 27

North American Demand Trends Will Expose Overvaluation Risks

Despite a substantial increase in consensus revenue growth projections and a notable decline in future P/E, the consensus analyst price target for Capital Power has been modestly reduced from CA$66.73 to CA$64.55. What's in the News Capital Power announced a 6% increase in its quarterly dividend to $0.6910 per share, raising its annualized dividend to $2.764 per common share.
User avatar
New Narrative • Dec 06

Genesee Repower's Soaring CapEx And Carbon Compliance Costs Threaten Profit Margins

High CapEx for projects like Genesee Repower may lower profitability, affecting earnings through increased capital outlay requirements.

Shareholder Returns

CPXCA Renewable EnergyCA Market
7D-0.5%1.8%-0.1%
1Y6.4%13.2%23.9%

Return vs Industry: CPX underperformed the Canadian Renewable Energy industry which returned 13.2% over the past year.

Return vs Market: CPX underperformed the Canadian Market which returned 23.9% over the past year.

Price Volatility

Is CPX's price volatile compared to industry and market?
CPX volatility
CPX Average Weekly Movement3.8%
Renewable Energy Industry Average Movement3.8%
Market Average Movement9.4%
10% most volatile stocks in CA Market16.3%
10% least volatile stocks in CA Market3.7%

Stable Share Price: CPX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CPX's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1891700Avik Deywww.capitalpower.com

Capital Power Corporation develops, acquires, owns, and operates utility-scale renewable and flexible generation facilities in Canada and the United States. The company generates electricity from various energy sources, including wind, waste heat, solar, landfill gas, gas, and battery storage. It also manages its related electricity and natural gas portfolios by undertaking trading and marketing activities.

Capital Power Corporation Fundamentals Summary

How do Capital Power's earnings and revenue compare to its market cap?
CPX fundamental statistics
Market capCA$9.99b
Earnings (TTM)CA$110.00m
Revenue (TTM)CA$4.15b
88.6x
P/E Ratio
2.4x
P/S Ratio

Is CPX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CPX income statement (TTM)
RevenueCA$4.15b
Cost of RevenueCA$2.68b
Gross ProfitCA$1.47b
Other ExpensesCA$1.36b
EarningsCA$110.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin35.42%
Net Profit Margin2.65%
Debt/Equity Ratio147.5%

How did CPX perform over the long term?

See historical performance and comparison

Dividends

4.5%
Current Dividend Yield
392%
Payout Ratio

Does CPX pay a reliable dividends?

See CPX dividend history and benchmarks
When do you need to buy CPX by to receive an upcoming dividend?
Capital Power dividend dates
Ex Dividend DateSep 29 2026
Dividend Pay DateOct 30 2026
Days until Ex dividend18 days
Days until Dividend pay date49 days

Does CPX pay a reliable dividends?

See CPX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:01
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Capital Power Corporation is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan HeywoodATB Cormark
Benjamin PhamBMO Capital Markets Equity Research
Thomas Sellers MericBrean Capital Historical (Janney Montgomery)

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