Impact of Brokerage Rating on Calpine Corporation(CPN)

Many Calpine Corporation(CPN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Calpine Corporation was Downgraded by Morgan Stanley to Equal-Weight on Feb 6, 2017. Calpine Corporation was Downgraded by BofA/Merrill to Neutral on Nov 22, 2016.

Company has reported several Insider transactions to the SEC, on Nov 3, 2016, W Benjamin Moreland (director) purchased 50,000 shares at 11.08 per share price.On Jul 14, 2016, Jack A Fusco (director) sold 54,600 shares at 15.02 per share price.On Nov 12, 2015, Iii, W. G. Griggs, (EVP & Chief Commercial Officer) purchased 15,000 shares at 14.75 per share price.

Calpine Corporation Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.19. Analyst had a consensus of $-0.12. The company had revenue of $1582.00 million for the quarter, compared to analysts expectations of $1233.66 million. The companys revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Calpine Corporation (NYSE:CPN) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2 by 9 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Calpine Corporation (NYSE:CPN): 6 analysts have set the short term price target of Calpine Corporation (NYSE:CPN) at $14.67. The standard deviation of short term price target has been estimated at $2.42, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 18 and $12 respectively.

Calpine Corporation (NYSE:CPN) witnessed a decline in the market cap on Tuesday as its shares dropped 2.99% or 0.35 points. After the session commenced at $11.61, the stock reached the higher end at $11.66 while it hit a low of $11.35. With the volume soaring to 2,429,142 shares, the last trade was called at $11.36. The company has a 52-week high of $16.07. The company has a market cap of $4,079 million and there are 359,054,120 shares in outstanding. The 52-week low of the share price is $10.39.

CALPINE CORPORATION is helping meet the needs of an economy that demands more and cleaner sources of electricity. Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves.


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