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Technology Sector Update for 04/07/2015: CU.TO, BEP-UN.TO, PEG.TO, BLX.TO, AQN.TO, CSE.TO, NPI.TO, INE.TO, FTS.TO, CPX.TO, TA.TO

BMO on Tuesday said it is expecting a noisy quarter in Q1 2015 for regulated utility companies Canadian Utilities (CU.TO) and Fortis (FTS.TO) due to recent regulatory decisions in Alberta. CU's earnings may be negatively impacted, but FTS may benefit from a positive PBR capital tracker decision.

For contracted power firms, the broker said above-average hydro conditions in British Columbia may help Innergex' (INE.TO) earnings. But below-average conditions in U.S. and Quebec may hurt Brookfield Renewable Energy (BEP-UN.TO) and Pattern Energy (PEG.TO).

Finally, for commodity-sensitive power companies, BMO expects above-forecast earnings for Capital Power (CPX.TO) and a slightly below-consensus profit for Transalta (TA.TO) due to unplanned outages.

BMO has an outperform rating on Alqonguin (AQN.TO), Brookfield Renewable, Boralex (BLX.TO), Capstone Infrastructure (CSE.TO), Northland Power (NPI.TO), and Pattern Energy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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