The Globe and Mail reports in its Friday edition that Desjardins Securities analyst Brent Stadler has reaffirmed his "buy" recommendation for Capital Power. The Globe's David Leeder writes that Mr. Stadler gave his share target a $2 boost to $82. Analysts on average target the shares at $77.44. Mr. Stadler sees Capital Power's U.S. recontracting announcements as "very capital-light (low-risk), highly NAV accretive growth opportunities, which should be well-received by investors." On Wednesday, Capital Power announced a 13-year extension of its summer tolling agreement with an investment-grade utility for its 600-megawatt Arlington Valley asset in Arizona. The new power purchase agreement has boosted the earnings before interest, taxes, depreciation and amortization profile by 150 per cent, leading Mr. Stadler to suggest it "warrants multiple expansion." Mr. Stadler says in a note: "We believe Capital Power is just getting started on growth opportunities in Arizona and we could hear about expansion opportunities at the Arlington Valley site in the short term. The recontracting suggests significantly more terminal value in gas assets than we model, reinforcing that natural gas is key to long-term grid reliability."