Calpine Corporation (NYSE:CPN) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $23 and the lowest price target forecast is $15. The average forecast of all the analysts is $19 and the expected standard deviation is $2.83.
Other Equity analysts have also commented on the company shares. Major Brokerage house, SunTrust Robinson Humphrey maintains its ratings on Calpine Corporation (NYSE:CPN). In the latest research report, SunTrust Robinson Humphrey lowers the target price from $16 per share to $15 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 19, 2016.
Calpine Corporation (NYSE:CPN): stock turned positive on Thursday. Though the stock opened at $13.97, the bulls momentum made the stock top out at $14.195 level for the day. The stock recorded a low of $13.88 and closed the trading day at $14.18, in the green by 2.83%. The total traded volume for the day was 3,124,476. The stock had closed at $13.79 in the previous days trading.
The company shares have dropped -26.02% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $19.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $14.78 and the 200 Day Moving Average price is recorded at $14.30. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Fusco Jack A, director of Calpine Corp, had unloaded 68,000 shares at an average price of $15.76 in a transaction dated on June 6, 2016. The total value of the transaction was worth $1,071,680.
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 Companys 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 26,548 megawatt (MW) and 309 MW under construction.