Cobalt Capital Management buys $19,002,809 stake in Calpine Corporation (CPN)

Calpine Corporation (CPN) : Cobalt Capital Management scooped up 929,500 additional shares in Calpine Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,492,758 shares of Calpine Corporation which is valued at $19,002,809.Calpine Corporation makes up approximately 2.43% of Cobalt Capital Management’s portfolio.

Other Hedge Funds, Including , Goldentree Asset Management Lp boosted its stake in CPN in the latest quarter, The investment management firm added 740,080 additional shares and now holds a total of 5,715,155 shares of Calpine Corporation which is valued at $72,753,923. Calpine Corporation makes up approx 18.78% of Goldentree Asset Management Lp’s portfolio.Rhumbline Advisers boosted its stake in CPN in the latest quarter, The investment management firm added 12,748 additional shares and now holds a total of 323,873 shares of Calpine Corporation which is valued at $4,122,903. Calpine Corporation makes up approx 0.01% of Rhumbline Advisers’s portfolio. Airain Ltd sold out all of its stake in CPN during the most recent quarter. The investment firm sold 60,655 shares of CPN which is valued $789,122. Pyrrho Capital Management Lp added CPN to its portfolio by purchasing 70,000 company shares during the most recent quarter which is valued at $984,200. Calpine Corporation makes up approx 4.40% of Pyrrho Capital Management Lp’s portfolio.

Calpine Corporation opened for trading at $12.73 and hit $13.44 on the upside on Wednesday, eventually ending the session at $13.42, with a gain of 5.50% or 0.7 points. The heightened volatility saw the trading volume jump to 6,122,278 shares. Company has a market cap of $4,820 M.

On the company’s financial health, Calpine Corporation reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.03. The company had revenue of $1164.00 million for the quarter, compared to analysts expectations of $1274.90 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power steam capacity renewable energy credits and ancillary services to its customers which include utilities independent electric system operators industrial and agricultural companies retail power providers municipalities power marketers and others. Its segments are West (including geothermal) Texas and East (including Canada). The Company’s portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines which are primarily combined-cycle plants and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines as well as cogeneration power plants. It owns 88 power plants including one under construction plant with an aggregate generation capacity of 26548 megawatt (MW) and 309 MW under construction.

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