Brokerage Firm Rating Update 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) : Currently there are 6 street experts covering Calpine Corporation (CPN) stock. The most bullish and bearish price target for the stock is $20 and $14 respectively for the short term. The average price target of all the analysts comes to $17.17. The estimated standard deviation from the target is $2.71.


For the current week, the company shares have a recommendation consensus of Buy. Also, SunTrust Robinson Humphrey maintains their rating on the shares of Calpine Corporation (NYSE:CPN). Equity Analysts at the Firm raises the price target to $14 per share from $13 per share. The rating by the firm was issued on August 29, 2016.

Calpine Corporation (NYSE:CPN): The stock opened at $12.73 and touched an intraday high of $13.44 on Wednesday. During the day, the stock corrected to an intraday low of $12.73, however, the bulls stepped in and pushed the price higher to close in the green at $13.42 with a gain of 5.50% for the day. The total traded volume for the day was 6,122,278. The stock had closed at $12.72 in the previous trading session.

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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