Calpine Corporation (CPN) : Analyst Rating Update

Calpine Corporation (CPN) : 8 analysts are covering Calpine Corporation (CPN) and their average rating on the stock is 1.69, which is read as a Buy. 4 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 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Calpine Corporation (CPN) : The most positive equity analysts on Calpine Corporation (CPN) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $18.86 with an expected fluctuation of $3.08 from the mean.

Calpine Corporation (NYSE:CPN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.28 and $14.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.33, notching a gain of 0.14% for the day. The total traded volume was 3,976,535 . The stock had closed at $14.31 on the previous day.

Also, Equity Analysts at the SunTrust Robinson Humphrey maintains the rating on Calpine Corporation (NYSE:CPN). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $16 per share to $15 per share. The rating by the firm was issued on May 19, 2016. The company shares have dropped -17.90% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $21.12 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $14.59 and the 200 Day Moving Average price is recorded at $14.42.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

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