Calpine Crosses Above Average Analyst Target

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Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.31, from 1.24 in 2016Q3. It is negative, as 53 investors sold Calpine Corporation shares while 94 reduced holdings. 42 funds opened positions while 95 raised stakes. 330.38 million shares or 1.86% less from 336.63 million shares in 2016Q3 were reported. Deutsche Bancorporation Ag holds 2.02 million shares. Renaissance Tech Ltd invested 0% in Calpine Corporation (NYSE:CPN). California Employees Retirement System, a California-based fund reported 1.07M shares. Northwestern Mutual Wealth accumulated 752 shares. National Insurance Com Tx reported 0.01% of its portfolio in Calpine Corporation (NYSE:CPN).

Trexquant Invest L P, Connecticut-based fund reported 11,100 shares. The Alabama-based Andra Ap has invested 0.01% in Calpine Corporation (NYSE:CPN). Massachusetts Financial Services Company Ma owns 0.09% invested in Calpine Corporation (NYSE:CPN) for 16.48M shares. Wedge Management L L P Nc holds 65,482 shares or 0.01% of its portfolio. Numeric Ltd Liability Company invested in 0% or 11,500 shares. Da Davidson reported 2,468 shares. Metropolitan Life Insur Com accumulated 10,238 shares. Cubist Systematic Strategies Limited Liability Corporation stated it has 22,081 shares. Moreover, Us Retail Bank De has 0% invested in Calpine Corporation (NYSE:CPN). Raymond James Advisors accumulated 30,503 shares.

Calpine Corporation (NYSE:CPN) Receives a Downgrade

In analysts note released today, Guggenheim downgraded shares of Calpine Corporation (NYSE:CPN) to a Neutral rating from the previous Buy rating.

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.31, from 1.24 in 2016Q3. It is negative, as 53 investors sold Calpine Corporation shares while 94 reduced holdings. 42 funds opened positions while 95 raised stakes. 330.38 million shares or 1.86% less from 336.63 million shares in 2016Q3 were reported.

Deutsche Bancorporation Ag holds 2.02 million shares. Renaissance Tech Ltd invested 0% in Calpine Corporation (NYSE:CPN). California Employees Retirement System, a California-based fund reported 1.07M shares. Northwestern Mutual Wealth accumulated 752 shares. National Insurance Com Tx reported 0.01% of its portfolio in Calpine Corporation (NYSE:CPN). Trexquant Invest L P, Connecticut-based fund reported 11,100 shares. The Alabama-based Andra Ap has invested 0.01% in Calpine Corporation (NYSE:CPN).

Massachusetts Financial Services Company Ma owns 0.09% invested in Calpine Corporation (NYSE:CPN) for 16.48M shares. Wedge Management L L P Nc holds 65,482 shares or 0.01% of its portfolio. Numeric Ltd Liability Company invested in 0% or 11,500 shares. Da Davidson reported 2,468 shares. Metropolitan Life Insur Com accumulated 10,238 shares. Cubist Systematic Strategies Limited Liability Corporation stated it has 22,081 shares. Moreover, Us Retail Bank De has 0% invested in Calpine Corporation (NYSE:CPN). Raymond James Advisors accumulated 30,503 shares.

Calpine Corporation (NYSE:CPN) Ratings Coverage

Among 15 analysts covering Calpine Corporation (NYSE:CPN), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Calpine Corporation has $27 highest and $1100 lowest target. $16.21’s average target is 8.94% above currents $14.88 stock price. Calpine Corporation had 39 analyst reports since July 31, 2015 according to SRatingsIntel. On Monday, August 21 the stock rating was downgraded by Guggenheim to “Neutral”. The firm has “Outperform” rating given on Thursday, June 22 by RBC Capital Markets. Deutsche Bank maintained the shares of CPN in report on Tuesday, August 25 with “Buy” rating.

The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 21. BMO Capital Markets maintained Calpine Corporation (NYSE:CPN) on Friday, July 28 with “Buy” rating. The firm has “Hold” rating given on Tuesday, March 8 by Argus Research. The firm earned “Buy” rating on Friday, September 18 by Citigroup. SunTrust maintained it with “Neutral” rating and $14 target in Monday, March 7 report. Goldman Sachs downgraded the shares of CPN in report on Monday, July 10 to “Neutral” rating. The rating was maintained by SunTrust on Wednesday, August 24 with “Neutral”.

The stock decreased 0.27% or $0.04 during the last trading session, reaching $14.88. About shares traded. Calpine Corporation (NYSE:CPN) has declined 5.37% since August 22, 2016 and is downtrending. It has underperformed by 22.07% the S&P500.

Calpine Corporation is a power generation company. The company has market cap of $5.37 billion. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. It has a 114.59 P/E ratio. The Company’s divisions include West , Texas and East (including Canada).

More notable recent Calpine Corporation (NYSE:CPN) news were published by: Fool.com which released: “Why Calpine Corporation’s Shares Popped 10% Today” on August 18, 2017, also Chron.com with their article: “Calpine posts significant losses, confirms it is negotiating a sale” published on July 28, 2017, Chron.com published: “Private equity firm to buy Calpine in deal valued at $17 billion” on August 17, 2017. More interesting news about Calpine Corporation (NYSE:CPN) were released by: Prnewswire.com and their article: “CALPINE (CPN) ALERT: J&W Investigates Proposed Sale of Calpine Corporation; Is …” published on August 18, 2017 as well as Businesswire.com‘s news article titled: “CALPINE CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces …” with publication date: August 21, 2017.

Source: Bzweekly.com

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