Simplex Trading adds Calpine Corporation (CPN) to its portfolio

Calpine Corporation (CPN) : Simplex Trading added new position in Calpine Corporation during the most recent quarter end. The investment management firm now holds 50,547 shares of Calpine Corporation which is valued at $634,365 , the company said in a statement filed on Oct 7, 2016 with the SEC.Calpine Corporation makes up approximately 0.08% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co boosted its stake in CPN in the latest quarter, The investment management firm added 6,955 additional shares and now holds a total of 59,797 shares of Calpine Corporation which is valued at $750,452. Calpine Corporation makes up approx 0.10% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CPN by selling 8,677 shares or 36.34% in the most recent quarter. The Hedge Fund company now holds 15,201 shares of CPN which is valued at $187,428.Independent Portfolio Consultants boosted its stake in CPN in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 8,575 shares of Calpine Corporation which is valued at $105,730. Calpine Corporation makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.

Calpine Corporation opened for trading at $12.44 and hit $12.66 on the upside on Friday, eventually ending the session at $12.55, with a gain of 1.70% or 0.21 points. The heightened volatility saw the trading volume jump to 54,09,998 shares. Company has a market cap of $4,507 M.

On the company’s financial health, Calpine Corporation reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.03. The company had revenue of $1164.00 million for the quarter, compared to analysts expectations of $1274.90 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

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 Company’s 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 26548 megawatt (MW) and 309 MW under construction.

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