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Calpine Corporation (CPN)

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  • Thu, Mar. 19, 5:37 PM
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  • Jun. 2, 2014, 3:31 PM
  • Oct. 25, 2013, 3:34 PM
  • Oct. 16, 2013, 3:38 PM
  • Aug. 13, 2013, 2:22 PM
  • Feb. 13, 2013, 10:36 AM
    Shares of Calpine (CPN -1.7%) dip this morning as its Q4 bottom line beat estimates, but revenue hit far wide of the mark. The wholesale power company swung to a net profit for the quarter after posting a large gain from the sale of some non-essential assets, which gave a big boost to operating margins, but its core loss widened as revenue declined. The company also raised its share buyback program by $400M, bringing its total authorization to $1M.
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  • Aug. 30, 2012, 3:08 PM
    Wholesale 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.
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  • Jun. 13, 2012, 2:09 PM
    GenOn Energy (GEN -2.1%) is upgraded to Neutral from Sell at UBS, which notes shares have dramatically lagged peers Calpine (CPN) and NRG. The firm believes much of the weakness may be tied to underwhelming capacity results from May's 2015-16 auction, and forthcoming petitions filed by generators could yet support shares.
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  • Apr. 30, 2012, 12:28 PM
    Calpine (CPN +2.1%) gets a boost from an upgrade to Buy on valuation from Jefferies on the back of last weeks encouraging Q1 report and increased guidance. The firm also raises its price target to $21.50 from $18.
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  • Mar. 26, 2012, 11:52 AM
    Calpine (CPN -2.8%) gets clipped by a Barclays downgrade to Equalweight from Overweight. After humming right along in positive territory, shares broke sharply lower midday on the action by Barclays.
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  • Oct. 28, 2011, 3:02 PM
    Calpine (CPN +3.5%) trades higher after it misses on its Q3 EPS target, but beats on revenues. Y/Y earnings declined slightly, mostly due to the sale of certain assets. The company reaffirms the high-end targets of its FY11 guidance, but also warns of increasing competitive pressures.
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  • Oct. 4, 2011, 10:23 AM
    Shares of wholesale electricity providers struggle, led by a 9.3% decline in Dynegy (DYN). The ongoing concern of federal regulators on M&A activity in the sector is helping taint the prospect for future deals. Decliners: NRG -5.5%, CPN -3.2%, DUK -2%.
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Company Description
Calpine Corp is a wholesale power producer. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power, steam, capacity and ancillary services to utilities, independent electric system operators.
Sector: Utilities
Country: United States