Many Calpine Corporation(CPN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Calpine Corporation was Downgraded by Morgan Stanley to Equal-Weight on Feb 6, 2017. Calpine Corporation was Downgraded by BofA/Merrill to Neutral on Nov 22, 2016.
Company has reported several Insider transactions to the SEC, on Nov 3, 2016, W Benjamin Moreland (director) purchased 50,000 shares at 11.08 per share price.On Jul 14, 2016, Jack A Fusco (director) sold 54,600 shares at 15.02 per share price.On Nov 12, 2015, Iii, W. G. Griggs, (EVP & Chief Commercial Officer) purchased 15,000 shares at 14.75 per share price.
Calpine Corporation Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.19. Analyst had a consensus of $-0.12. The company had revenue of $1582.00 million for the quarter, compared to analysts expectations of $1233.66 million. The companys revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Calpine Corporation (NYSE:CPN) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2 by 9 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.
Calpine Corporation (NYSE:CPN): 6 analysts have set the short term price target of Calpine Corporation (NYSE:CPN) at $14.67. The standard deviation of short term price target has been estimated at $2.42, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 18 and $12 respectively.
Calpine Corporation (NYSE:CPN) witnessed a decline in the market cap on Tuesday as its shares dropped 2.99% or 0.35 points. After the session commenced at $11.61, the stock reached the higher end at $11.66 while it hit a low of $11.35. With the volume soaring to 2,429,142 shares, the last trade was called at $11.36. The company has a 52-week high of $16.07. The company has a market cap of $4,079 million and there are 359,054,120 shares in outstanding. The 52-week low of the share price is $10.39.
CALPINE CORPORATION is helping meet the needs of an economy that demands more and cleaner sources of electricity. Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves.