Calpine Corporation (CPN) has been under a strong bear grip, hence the stock is down -9.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.3% in the past 1 week. The stock has risen by 1.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.32% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.77% and the fifty day Moving Average is 9.57%. Calpine Corp. has dropped 15.47% during the last three month period . Year-to-Date the stock performance stands at -13.89%.
Calpine Corporation (CPN) : 8 investment research analysts covering Calpine Corporation (CPN) have an average price target of $18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $13 for the short term. Analysts expect the variance to be within $3.16 of the average price.
Calpine Corporation (NYSE:CPN): stock turned positive on Friday. Though the stock opened at $12.48, the bulls momentum made the stock top out at $12.91 level for the day. The stock recorded a low of $12.425 and closed the trading day at $12.46, in the green by 0.32%. The total traded volume for the day was 4,536,322. The stock had closed at $12.42 in the previous days trading.
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.