Calpine Corp. Coverage Initiated by Analysts at Gabelli (CPN)
Investment analysts at Gabelli started coverage on shares of Calpine Corp. (NYSE:CPN) in a note issued to investors on Friday, Analyst Ratings Network reports. The firm set a “buy” rating on the stock.
CPN has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Calpine Corp. (NYSE:CPN) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $18.80 price target on the stock. Separately, analysts at Tudor Pickering upgraded shares of Calpine Corp. (NYSE:CPN) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. Finally, analysts at Drexel Hamilton initiated coverage on shares of Calpine Corp. (NYSE:CPN) in a research note to investors on Friday, August 2nd. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.28.
Calpine Corp. (NYSE:CPN) opened at 19.98 on Friday. Calpine Corp. has a 52-week low of $16.47 and a 52-week high of $22.16. The stock’s 50-day moving average is $19.3 and its 200-day moving average is $20.39. The company has a market cap of $8.772 billion and a P/E ratio of 26.86.
Calpine Corp. (NYSE:CPN) last released its earnings data on Thursday, July 25th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.18. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted ($0.69) earnings per share. The company’s quarterly revenue was up 78.8% on a year-over-year basis. Analysts expect that Calpine Corp. will post $0.60 EPS for the current fiscal year.
Calpine Corporation (NYSE:CPN) is an independent wholesale power producer in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.