Calpine Corporation (NYSE:CPN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Boasting a price of $12.96, Calpine Corporation (NYSE:CPN) traded -0.84% lower on the day. With the last stock price close down -8.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Calpine Corporation has recorded a 50-day average of $13.00 and a two hundred day average of $14.06. Volume of trade was down over the average, with 3,620,368 shares of CPN changing hands under the typical 4,534,880
Zacks Investment Research has downgraded Calpine Corporation (NYSE:CPN) to Sell in a statement released on 10/11/2016.
On 08/29/2016, Suntrust Robinson released a statement for Calpine Corporation (NYSE:CPN) bumped up the target price from $13.00 to $14.00 that suggested an upside of 0.11%.
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Calpine Corporation has a 52 week low of $11.53 and a 52 week high of $16.60 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company. The average stock price target is $19.47 with 5 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Calpine Corporation (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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