The Globe and Mail reports in its Tuesday, Oct. 29, edition that Desjardins Securities analyst Brent Stadler has reaffirmed his "buy" recommendation for Capital Power. The Globe's Darcy Keith writes that Mr. Stadler gave his share target a $2 boost to $56. Analysts on average target the shares at $47. Mr. Stadler says Capital Power is his favourite way to play the energy transition. Ahead of the company's quarterly results on Oct. 30, Mr. Stadler has increased his forecast for adjusted earnings before interest, taxes, depreciation and amortization to $375-million, up from $355-million. This new estimate aligns closely with the consensus expectation of $377-million but is a decrease from $414-million reported in the third quarter of 2023. The primary reason for this adjusted forecast is improved expectations for the U.S. segment, which now includes recently acquired assets. He listed three main reasons for what will drive continued momentum in the share price: "We continue to believe (1) these are early days in the reliability era; (2) decarbonized gas should be viewed as comparable with nuclear (provides clean baseload power); and (3) Capital Power could make a data centre announcement near-term."