Calpine Corporation (CPN) Receives ‘Analyst’ Rating

Calpine Corporation (CPN) : The consensus on Calpine Corporation (CPN) based on 9 analyst recommendation on the company stock is 1.39, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Calpine Corporation (CPN) : 6 investment research analysts covering Calpine Corporation (CPN) have an average price target of $17.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $14 for the short term. Analysts expect the variance to be within $2.71 of the average price.


Also, SunTrust Robinson Humphrey maintains its rating on Calpine Corporation (NYSE:CPN). The global brokerage major raises the current price target from $13 per share to $14 per share. The rating by the firm was issued on August 29, 2016.

Calpine Corporation (NYSE:CPN): After opening at $12.87, the stock dipped to an intraday low of $12.75 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.28 and the buying power remained strong till the end. The stock closed at $13.12 for the day, a gain of 1.63% for the day session. The total traded volume was 4,966,076. The stocks close on the previous trading day was $12.91.

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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