SunTrust Robinson Humphrey Maintains Calpine Corporation to Neutral with Price Target $14.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Calpine Corporation(NYSE:CPN). In a research note issued to the investors, the brokerage major Lowers the price-target to $14.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Jul 26, 2016, Deutsche Bank said it Upgrades its rating on Calpine Corporation. The shares have been rated ‘Buy’ by the firm. On May 19, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Calpine Corporation. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Neutral’ by the firm.

Calpine Corporation (CPN) made into the market gainers list on Mondays trading session with the shares advancing 0.61% or 0.08 points. Due to strong positive momentum, the stock ended at $13.09, which is also near the day’s high of $13.25. The stock began the session at $13.07 and the volume stood at 36,49,840 shares. The 52-week high of the shares is $17.6975 and the 52 week low is $11.53. The company has a current market capitalization of $4,701 M and it has 35,91,39,570 shares in outstanding.

Calpine Corporation(CPN) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.16B. Analysts had an estimated revenue of $1.29B. Earnings per share were $0.06. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Jack A Fusco (director) sold 54,600 shares at $15.02 per share price.Also, On Nov 12, 2015, Iii, W. G. Griggs, (EVP & Chief Commercial Officer) purchased 15,000 shares at $14.75 per share price.On May 8, 2015, David C Merritt (director) purchased 14,000 shares at $20.52 per share price, according to the Form-4 filing with the securities and exchange commission.

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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