Several analysts have recently updated their ratings and price targets for Calpine Corporation (NYSE: CPN):

  • 8/2/2017 – Calpine Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Calpine Corporation had its price target raised by analysts at BMO Capital Markets from $14.00 to $16.00. They now have an “outperform” rating on the stock.
  • 7/28/2017 – Calpine Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/28/2017 – Calpine Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $14.00 price target on the stock.
  • 7/24/2017 – Calpine Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $15.00 price target on the stock.
  • 7/13/2017 – Calpine Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/12/2017 – Calpine Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “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. “
  • 7/11/2017 – Calpine Corporation was given a new $11.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 7/10/2017 – Calpine Corporation was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating.
  • 7/10/2017 – Calpine Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/6/2017 – Calpine Corporation was given a new $15.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
  • 7/5/2017 – Calpine Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/27/2017 – Calpine Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Calpine Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. “
  • 6/26/2017 – Calpine Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “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. “
  • 6/22/2017 – Calpine Corporation had its price target raised by analysts at Royal Bank Of Canada from $13.00 to $15.00. They now have an “outperform” rating on the stock.

Shares of Calpine Corporation (CPN) opened at 14.29 on Monday. The firm’s 50-day moving average price is $13.73 and its 200 day moving average price is $12.07. Calpine Corporation has a 52 week low of $9.30 and a 52 week high of $14.76. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 107.44 and a beta of 1.02.

Calpine Corporation (NYSE:CPN) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.63. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business posted $0.06 EPS. The firm’s revenue was up 79.0% on a year-over-year basis. On average, equities research analysts forecast that Calpine Corporation will post $0.54 EPS for the current year.

Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil.

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