M. Kraus Co Lowers stake in Calpine Corporation (CPN)

Calpine Corporation (CPN) : M. Kraus Co reduced its stake in Calpine Corporation by 0.14% during the most recent quarter end. The investment management company now holds a total of 159,834 shares of Calpine Corporation which is valued at $2,319,191 after selling 223 shares in Calpine Corporation , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Calpine Corporation makes up approximately 1.36% of M. Kraus Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CPN in the latest quarter, The investment management firm added 3,687 additional shares and now holds a total of 23,878 shares of Calpine Corporation which is valued at $346,470.

Calpine Corporation opened for trading at $14.51 and hit $14.76 on the upside on Monday, eventually ending the session at $14.73, with a gain of 1.52% or 0.22 points. The heightened volatility saw the trading volume jump to 19,11,180 shares. Company has a market cap of $5,288 M.

On the company’s financial health, Calpine Corporation reported $-0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.50 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.15. The company had revenue of $1615.00 million for the quarter, compared to analysts expectations of $1034.23 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 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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