Calpine Corporation (CPN) has risen sharply, recording gains of 8.4% in the past 4 weeks. However, the stock has corrected -0.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.17% and the 50-Day Moving Average is 1.02%.The 200 Day SMA reached 5.55% Calpine Corp. has dropped 6.67% during the last 3-month period . Year-to-Date the stock performance stands at -8.15%.
Calpine Corporation (CPN) : Average target price received by Calpine Corporation (CPN) is $17.17 with an expected standard deviation of $2.71. The most aggressive target on the stock is $20, whereas the most downbeat target is $14. 6 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Calpine Corporation (NYSE:CPN): The stock opened at $12.99 and touched an intraday high of $13.32 on Friday. During the day, the stock corrected to an intraday low of $12.89, however, the bulls stepped in and pushed the price higher to close in the green at $13.29 with a gain of 1.30% for the day. The total traded volume for the day was 6,152,308. The stock had closed at $13.29 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.