Capital Power is an Alberta-based North American power generator, with nearly 6,000 megawatts (MWs) of installed capacity and an additional 900 MW under construction. Its power sources are primarily derived from clean energy such as gas and wind.
Income Investor
Capital Power has been of the most consistent performers in the utilities space over the last decade. It has successfully migrated its large Genesee coal-fired plants in Alberta to combined-cycle operation by the end of this year while building a major US operation, which now accounts for over 50% of revenues. However, having more than doubled since our original recommendation and up over 60% this year, it’s time to take half profits. Sell Half for a 175% gain plus dividends. - Gavin Graham
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CPX was first recommended here on January 30, 2014