UBS says that Street FY13 EBITDA estimates are slightly high for Calpine (CPN -0.8%), and the...

|About: Calpine Corporation (CPN)|By:, SA News Editor

UBS says that Street FY13 EBITDA estimates are slightly high for Calpine (CPN -0.8%), and the stock should see muted upside over the near-term going into Q3 results. The firm notes however, that the shares remain a Buy, given pending ERCOT reforms and CO2 cap-and-trade implementation in California.