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Equities researchers at RBC Capital increased their price objective on shares of Calpine (NYSE:CPN) from $22.00 to $25.00 in a research report issued on Monday, Analyst RN reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 12.31% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Calpine from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $24.60 price target on the stock. Separately, analysts at TheStreet upgraded shares of Calpine from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Calpine in a research note on Friday, May 2nd. They now have a $24.00 price target on the stock, down previously from $24.50. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.39.

In other Calpine news, Director David C. Merritt sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $22.39, for a total value of $223,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Calpine (NYSE:CPN) traded down 0.54% during mid-day trading on Monday, hitting $22.26. 3,349,686 shares of the company’s stock traded hands. Calpine has a 52-week low of $18.46 and a 52-week high of $23.51. The stock’s 50-day moving average is $21.93 and its 200-day moving average is $20.09. The company has a market cap of $9.424 billion and a P/E ratio of 80.50.

Calpine (NYSE:CPN) last announced its earnings results on Thursday, May 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 58.3% on a year-over-year basis. On average, analysts predict that Calpine will post $0.77 earnings per share for the current fiscal year.

Calpine Corporation (NYSE:CPN) is an independent wholesale power producer in the United States.

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