BofA Merrill downgraded Calpine (NYSE:CPN) from Buy to Neutral in a report released today.
- Updated: November 27, 2016
Just yesterday Calpine (NYSE:CPN) traded 0.95% higher at $11.75. Calpine’s 50-day moving average is $12.02 and its 200-day moving average is $13.39. The last closing price is down -12.46% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 753,689 shares of CPN traded hands, down from an average trading volume of 5,068,700
BofA Merrill has downgraded Calpine (NYSE:CPN) from Buy to Neutral in a report released on 11/22/2016.
Recent Performance Chart
Calpine has 52 week low of $10.81 and a 52 week high of $16.49 with a PE ratio of 234.40 and has a market capitalization of $0.
In addition to BofA Merrill reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $19.47 with 5 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Calpine (NYSE:CPN)
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. The Company operates its business through various divisions and subsidiaries. The Company's portfolio consists of various types of power generation technologies, including natural gas-fired combustion turbines, which include combined-cycle plants and renewable geothermal conventional steam turbines. Its Geysers Assets located in northern California represent the geothermal power generation portfolio in the United States, as well as the producing power generation asset of all renewable energy in the state of California.
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