Greenlight Capital Inc buys $130,156,884 stake in Calpine Corporation (CPN)

Calpine Corporation (CPN) : Greenlight Capital Inc scooped up 5,579,800 additional shares in Calpine Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 11,239,800 shares of Calpine Corporation which is valued at $130,156,884.Calpine Corporation makes up approximately 2.41% of Greenlight Capital Inc’s portfolio.

Other Hedge Funds, Including , Highland Capital Management Lp added CPN to its portfolio by purchasing 67,500 company shares during the most recent quarter which is valued at $781,650. Calpine Corporation makes up approx 0.04% of Highland Capital Management Lp’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in CPN by selling 971,292 shares or 8.47% in the most recent quarter. The Hedge Fund company now holds 10,500,806 shares of CPN which is valued at $120,444,245. Calpine Corporation makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Rock Point Advisors boosted its stake in CPN in the latest quarter, The investment management firm added 110,125 additional shares and now holds a total of 253,170 shares of Calpine Corporation which is valued at $2,757,021. Calpine Corporation makes up approx 1.48% of Rock Point Advisors’s portfolio.Nationwide Fund Advisors boosted its stake in CPN in the latest quarter, The investment management firm added 15,358 additional shares and now holds a total of 45,252 shares of Calpine Corporation which is valued at $591,444.Eidelman Virant Capital boosted its stake in CPN in the latest quarter, The investment management firm added 43,200 additional shares and now holds a total of 204,200 shares of Calpine Corporation which is valued at $2,579,046. Calpine Corporation makes up approx 1.66% of Eidelman Virant Capital’s portfolio.

Calpine Corporation closed down -0.22 points or -1.86% at $11.63 with 19,07,879 shares getting traded on Monday. Post opening the session at $11.84, the shares hit an intraday low of $11.62 and an intraday high of $11.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Calpine Corporation reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.59. The company had revenue of $2355.00 million for the quarter, compared to analysts expectations of $1612.32 million. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

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 Company’s 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 26548 megawatt (MW) and 309 MW under construction.

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