Brokerage Firm Rating 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) : The highest level Calpine Corporation (CPN) is projected to reach is $22 for the short term and the lowest estimate is at $14. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $18.31 and the possibility the share price can swing is $2.69.


For the current week, the company shares have a recommendation consensus of 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 $12.51 and $12.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.63, notching a gain of 0.96% for the day. The total traded volume was 3,850,415 . The stock had closed at $12.51 on the previous day.

In a related news, The director, of Calpine Corp, Fusco Jack A had unloaded 54,600 shares at $15.02 per share in a transaction on July 12, 2016. The total value of transaction was $820,092. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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