Calpine Corporation (CPN) : During the past 4 weeks, traders have been relatively bearish on Calpine Corporation (CPN), hence the stock is down -17.26% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.66% relative to the S&P 500. The 4-week change in the price of the stock is -16.94% and the stock has fallen -3.69% in the past 1 week.
Calpine Corp. has dropped 17.99% during the last 3-month period . Year-to-Date the stock performance stands at -15.27%. The stock has recorded a 20-day Moving Average of 8.11% and the 50-Day Moving Average is 12.27%.
Calpine Corporation (NYSE:CPN): The stock opened at $12.50 on Friday but the bulls could not build on the opening and the stock topped out at $12.53 for the day. The stock traded down to $12.20 during the day, due to lack of any buying support eventually closed down at $12.26 with a loss of -2.47% for the day. The stock had closed at $12.57 on the previous day. The total traded volume was 2,653,751 shares.
Also, BMO Capital maintains their rating on the shares of Calpine Corporation (NYSE:CPN). The current rating of the shares is Outperform. Equity Analysts at the Firm lowers the price target to $17 per share from $19 per share. The rating by the firm was issued on August 1, 2016.
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.