Calpine Corporation (CPN): Price Target and June Short Interest Disclosure

Calpine Corporation (CPN) stock is expected to deviate a maximum of $3.08 from the average target price of $18.86 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $14.

Calpine Corporation (CPN) has seen a shortfall of 3,002,009 shares or 20.5% in the short interest. The remaining shorts are 3.4% of the total floated shares. The net short interest, as on June 30,2016, stood at 11,665,570 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 4,001,174 shares. On June 15,2016, 14,667,579 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey maintains its rating on Calpine Corporation (NYSE:CPN). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at SunTrust Robinson Humphrey lowers the price target from $16 per share to $15 per share. The rating by the firm was issued on May 19, 2016.


Calpine Corporation (NYSE:CPN): On Thursdays trading session , Opening price of the stock was $15.02 with an intraday high of $15.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.84. However, the stock managed to close at $15, a loss of 0.13% for the day. On the previous day, the stock had closed at $15.02. The total traded volume of the day was 2,145,632 shares.

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.

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