Zacks Rating on Calpine Corporation (CPN)

Calpine Corporation (CPN) : Zacks Investment Research ranks Calpine Corporation (CPN) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.39, which indicates as a Strong Buy.

Calpine Corporation (CPN) : The consensus price target for Calpine Corporation (CPN) is $18.13 for the short term with a standard deviation of $2.95. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $22, however, the pessimist price target for the company is $14.


Calpine Corp. has lost 1.57% in the last five trading days and dropped 14.43% in the last 4 weeks. Calpine Corp. has dropped 15.92% during the last 3-month period . Year-to-Date the stock performance stands at -13.13%. Calpine Corporation (NYSE:CPN): stock turned positive on Tuesday. Though the stock opened at $12.26, the bulls momentum made the stock top out at $12.735 level for the day. The stock recorded a low of $12.26 and closed the trading day at $12.57, in the green by 2.70%. The total traded volume for the day was 3,826,528. The stock had closed at $12.24 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.

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