Market Currents
Wholesale power producer Calpine (CPN +2.5%) is upgraded to Overweight with a new $21 target...
-
Thursday, August 30, 2012, 3:08 PM ETWholesale power producer Calpine (CPN +2.5%) is upgraded to Overweight with a new $21 target price based on improving fundamentals in Texas, where recent work by the state's public utility commission highlighted a tightening power market. Also cited: CPN's gas-fired profile not dependent on commodity prices, strong free cash flow generation, and a friendly shareholder track record.
Other date
Latest Energy & Materials Articles
