Capital Power (CPX) has notable insider selling

Capital Power (T:CPX)

Bryan DeNeve, a Senior Officer, disposed 7,500 Common Shares on an indirect ownership basis for registered holder Bryan DeNeve & Julie DeNeve JT at a price of $37.436 through the public market on April 2nd, 2024. This represents a $280,774 divestment of the company's shares and an account share holdings change of -79.3%.

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of power generation capacity at 32 facilities across North America. Its projects under construction include over 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, and over 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development. Its La Paloma facility is located in Kern County, California. The Company also has a Harquahala natural gas generation facility in Arizona.