Calpine Corporation (CPN) Receives Price Target

Calpine Corporation (CPN) : The most positive equity analysts on Calpine Corporation (CPN) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $18.13 with an expected fluctuation of $2.95 from the mean.

Calpine Corporation (CPN) : 6 brokerage houses believe that Calpine Corporation (CPN) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Calpine Corporation (CPN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.39.


Also, Equity Analysts at the Brokerage Firm, SunTrust Robinson Humphrey, maintains their rating on the shares of Calpine Corporation (NYSE:CPN). SunTrust Robinson Humphrey has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $13 per share from a prior target of $14. The rating by the firm was issued on August 24, 2016.

Calpine Corporation (NYSE:CPN): The stock opened at $12.54 on Thursday but the bulls could not build on the opening and the stock topped out at $12.56 for the day. The stock traded down to $12.07 during the day, due to lack of any buying support eventually closed down at $12.13 with a loss of -2.80% for the day. The stock had closed at $12.48 on the previous day. The total traded volume was 3,351,165 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.