Short Term Price Target on Calpine Corporation (CPN)

Calpine Corporation (NYSE:CPN) : The most positive equity analysts on Calpine Corporation (NYSE:CPN) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $18.86 with an expected fluctuation of $3.08 from the mean.

Shares of Calpine Corp. appreciated by 4.02% during the last five trading days but lost 2.19% on a 4-week basis. Calpine Corp. has dropped 4.28% during the last 3-month period . Year-to-Date the stock performance stands at 1.94%. Also, SunTrust Robinson Humphrey maintains its view on Calpine Corporation (NYSE:CPN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. SunTrust Robinson Humphrey lowers the price target from $16 per share to $15 per share on Calpine Corporation. The rating by the firm was issued on May 19, 2016.

Calpine Corporation (NYSE:CPN) : Zacks Investment Research ranks Calpine Corporation (NYSE:CPN) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.69, which indicates as a Buy.

Calpine Corporation (NYSE:CPN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.58 and $14.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.75, notching a gain of 1.17% for the day. The total traded volume was 2,825,070 . The stock had closed at $14.58 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Calpine Corp, Fusco Jack A had sold 68,000 shares worth of $1,071,680 in a transaction dated June 6, 2016. In this transaction, 68,000 shares were sold at $15.76 per share.

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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