Analyst Rating Update on Calpine Corporation (CPN)

Calpine Corporation (CPN) : 9 analysts are covering Calpine Corporation (CPN) and their average rating on the stock is 1.39, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Calpine Corporation (CPN) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Calpine Corporation (CPN) : 7 investment research analysts covering Calpine Corporation (CPN) have an average price target of $18.93 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $14 for the short term. Analysts expect the variance to be within $3.3 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Deutsche Bank upgrades its outlook on Calpine Corporation (NYSE:CPN). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on July 26, 2016.


Calpine Corporation (NYSE:CPN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.50 and $13.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.52, notching a gain of 0.52% for the day. The total traded volume was 3,640,921 . The stock had closed at $13.45 on the previous day.

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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