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. As of December 31, 2016, the Company's portfolio consisted of two types of power generation technologies, including natural gas-fired combustion turbines, such as combined-cycle plants, and renewable geothermal conventional steam turbines. As of December 31, 2016, the Company's portfolio included 80 power plants, including one under construction, with an aggregate generation capacity of 25,908 Megawatt (MW) and 828 MW under construction. As of December 31, 2016, it had four MW of capacity from solar power generation technology at its Vineland Solar Energy Center in New Jersey.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities - NEC
- Sub-Industry: Independent Power Producers & Energy Traders
- Symbol: NYSE:CPN
- CUSIP: 13134730
- Web: www.calpine.com
Capitalization:- Market Cap: $5.02224 billion
- Outstanding Shares: 360,793,000
Average Prices:- 50 Day Moving Avg: $12.54
- 200 Day Moving Avg: $11.60
- 52 Week Range: $9.30 - $15.12
P/E:- Trailing P/E Ratio: 20.91
- Foreward P/E Ratio: 17.87
- P/E Growth: 15.84
Sales & Book Value:- Annual Revenue: $7.44 billion
- Price / Sales: 0.67
- Book Value: $8.90 per share
- Price / Book: 1.55
Profitability:- EBIDTA: $1.66 billion
- Net Margins: 3.17%
- Return on Equity: -1.59%
- Return on Assets: -0.28%
Debt:- Debt-to-Equity Ratio: 3.46%
- Current Ratio: 1.13%
- Quick Ratio: 0.96%
Misc:- Average Volume: 5.12 million shs.
- Beta: 0.99
- Short Ratio: 3.77
Frequently Asked Questions for Calpine Corporation (NYSE:CPN)
What is Calpine Corporation's stock symbol?
Calpine Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPN."
How were Calpine Corporation's earnings last quarter?
Calpine Corporation (NYSE:CPN) issued its quarterly earnings data on Friday, April, 28th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.15. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. Calpine Corporation had a net margin of 3.17% and a negative return on equity of 1.59%. Calpine Corporation's revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.65) EPS. View Calpine Corporation's Earnings History.
When will Calpine Corporation make its next earnings announcement?
Where is Calpine Corporation's stock going? Where will Calpine Corporation's stock price be in 2017?
9 analysts have issued 12-month target prices for Calpine Corporation's stock. Their predictions range from $13.00 to $18.00. On average, they expect Calpine Corporation's share price to reach $14.63 in the next twelve months. View Analyst Ratings for Calpine Corporation.
Are investors shorting Calpine Corporation?
Calpine Corporation saw a drop in short interest during the month of May. As of May 31st, there was short interest totalling 29,236,409 shares, a drop of 18.4% from the May 15th total of 35,838,341 shares. Based on an average daily volume of 7,470,325 shares, the days-to-cover ratio is presently 3.9 days. Approximately 8.2% of the shares of the company are short sold.
Who are some of Calpine Corporation's key competitors?
Some companies that are related to Calpine Corporation include Scana Corporation (SCG), Pinnacle West Capital Corporation (PNW), Alliant Energy Corporation (LNT), CPFL Energia S.A. (CPL), Westar Energy (WR), OGE Energy Corporation (OGE), Pepco Holdings LLC (POM), Great Plains Energy (GXP), Empresa Nacional de Electricidad S.A. (EOCC), NRG Energy (NRG), IDACORP (IDA), Pampa Energia S.A. (PAM), Portland General Electric Company (POR), Allete (ALE), Hawaiian Electric Industries (HE), PNM Resources, Inc. (Holding Co.) (PNM), NorthWestern Corporation (NWE) and Ormat Technologies (ORA).
Who are Calpine Corporation's key executives?
Calpine Corporation's management team includes the folowing people:
- Frank Cassidy, Independent Chairman of the Board
- John B. Hill III, President, Chief Executive Officer, Director
- Zamir Rauf, Chief Financial Officer, Executive Vice President
- William Thaddeus Miller, Executive Vice President, Chief Legal Officer, Secretary
- Charlie M. Gates, Executive Vice President - Power Operations
- W G Griggs III, Executive Vice President. Chief Commercial Officer, President - Calpine Retail
- Jeff Koshkin, Senior Vice President, Chief Accounting Officer
- Jack A. Fusco, Director
- Marry Laurie Brlas, Independent Director
- Michael W. Hofmann, Independent Director
Who owns Calpine Corporation stock?
Calpine Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Hotchkis & Wiley Capital Management LLC (12.97%), Vanguard Group Inc. (8.22%), BlackRock Inc. (5.62%), Massachusetts Financial Services Co. MA (4.53%), Bank of New York Mellon Corp (3.41%) and Sound Shore Management Inc. CT (3.06%). Company insiders that own Calpine Corporation stock include Iii W G Griggs, Jack A Fusco, Michael William Hofmann and W Benjamin Moreland. View Institutional Ownership Trends for Calpine Corporation.
Who sold Calpine Corporation stock? Who is selling Calpine Corporation stock?
Calpine Corporation's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Sound Shore Management Inc. CT, Signpost Capital Advisors LP, Los Angeles Capital Management & Equity Research Inc., Neuberger Berman Group LLC, Bank of New York Mellon Corp, Miller Howard Investments Inc. NY and Strs Ohio. View Insider Buying and Selling for Calpine Corporation.
Who bought Calpine Corporation stock? Who is buying Calpine Corporation stock?
Calpine Corporation's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Hotchkis & Wiley Capital Management LLC, FMR LLC, Vanguard Group Inc., First Trust Advisors LP, Renaissance Technologies LLC, Morgan Stanley and Farmhouse Investment Management LLC. Company insiders that have bought Calpine Corporation stock in the last two years include Iii W G Griggs, Michael William Hofmann and W Benjamin Moreland. View Insider Buying and Selling for Calpine Corporation.
How do I buy Calpine Corporation stock?
Shares of Calpine Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Calpine Corporation's stock price today?
One share of Calpine Corporation stock can currently be purchased for approximately $13.76.
MarketBeat Community Rating for Calpine Corporation (NYSE CPN)MarketBeat's community ratings are surveys of what our community members think about Calpine Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Calpine Corporation (NYSE:CPN) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $14.63 (6.29% upside) |
Analysts' Ratings History for Calpine Corporation (NYSE:CPN)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/22/2017 | Royal Bank Of Canada | Boost Price Target | Outperform | $13.00 -> $15.00 | Low |  |
| 5/11/2017 | Citigroup Inc. | Set Price Target | Buy | $15.00 | Low | |
| 5/11/2017 | Deutsche Bank AG | Set Price Target | Buy | $14.00 | Low | |
| 5/2/2017 | Goldman Sachs Group, Inc. (The) | Lower Price Target | Buy | $15.00 -> $14.00 | Low | |
| 4/28/2017 | BMO Capital Markets | Reiterated Rating | Buy | $14.00 | Low | |
| 2/6/2017 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | $13.00 | N/A | |
| 1/20/2017 | Barclays PLC | Boost Price Target | Overweight | $17.00 -> $18.00 | N/A | |
| 11/22/2016 | Bank of America Corporation | Downgrade | Buy -> Neutral | | N/A | |
| 8/29/2016 | SunTrust Banks, Inc. | Boost Price Target | | $13.00 -> $14.00 | N/A | |
| 3/8/2016 | Argus | Downgrade | Buy -> Hold | | N/A | |
| 1/28/2016 | Guggenheim | Initiated Coverage | Buy | $22.00 | N/A | |
| 1/12/2016 | Macquarie | Lower Price Target | | $25.00 -> $22.00 | N/A | |
| 11/3/2015 | Evercore ISI | Lower Price Target | Buy | $21.00 -> $19.50 | N/A | |
| 9/24/2015 | Wolfe Research | Lower Price Target | Outperform | $25.00 -> $22.00 | N/A | |
(Data available from 6/28/2015 forward)
Earnings History for Calpine Corporation (NYSE:CPN)Earnings History by Quarter for Calpine Corporation (NYSE CPN)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/27/2017 | | | | | | | | |
| 4/28/2017 | Q1 2017 | ($0.17) | ($0.32) | $1.16 billion | $2.28 billion | View | N/A | |
| 2/10/2017 | Q416 | ($0.15) | ($0.40) | $1.23 billion | $1.58 billion | View | N/A | |
| 10/28/2016 | Q316 | $0.59 | $0.83 | $2.14 billion | $2.36 billion | View | Listen | |
| 7/29/2016 | Q216 | ($0.02) | ($0.08) | $1.29 billion | $1.16 billion | View | Listen | |
| 4/29/2016 | Q116 | ($0.06) | ($0.29) | $1.38 billion | $1.62 billion | View | Listen | |
| 2/12/2016 | Q415 | ($0.16) | ($0.13) | $1.18 billion | $1.49 billion | View | Listen | |
| 10/30/2015 | Q315 | $0.83 | $0.97 | $1.69 billion | $1.95 billion | View | Listen | |
| 7/30/2015 | Q215 | $0.04 | $0.09 | $1.37 billion | $1.44 billion | View | Listen | |
| 5/1/2015 | Q115 | ($0.10) | ($0.17) | $1.43 billion | $1.65 billion | View | N/A | |
| 2/13/2015 | Q414 | ($0.08) | ($0.13) | $1.63 billion | $1.94 billion | View | N/A | |
| 11/6/2014 | Q314 | $0.50 | $0.76 | $1.85 billion | $2.18 billion | View | Listen | |
| 8/1/2014 | Q2 | ($0.03) | ($0.01) | $1.40 billion | $1.94 billion | View | Listen | |
| 5/1/2014 | Q114 | ($0.06) | $0.13 | $1.31 billion | $1.97 billion | View | Listen | |
| 2/13/2014 | Q413 | ($0.07) | ($0.28) | $1.59 billion | $1.44 billion | View | Listen | |
| 11/7/2013 | Q313 | $0.65 | $0.70 | $1.89 billion | $2.05 billion | View | Listen | |
| 7/25/2013 | Q2 2013 | $0.02 | ($0.16) | $1.32 billion | $1.57 billion | View | Listen | |
| 5/2/2013 | Q1 2013 | ($0.16) | ($0.16) | $1.18 billion | $1.24 billion | View | Listen | |
| 2/13/2013 | Q4 2012 | ($0.05) | $0.22 | $2.81 billion | $1.37 billion | View | Listen | |
| 11/6/2012 | Q312 | $0.45 | $0.47 | $1.88 billion | $2.00 billion | View | N/A | |
| 7/27/2012 | | ($0.03) | ($0.69) | | | View | N/A | |
| 4/27/2012 | | ($0.11) | ($0.14) | | | View | N/A | |
| 2/10/2012 | | ($0.02) | ($0.03) | | | View | N/A | |
| 10/28/2011 | | $0.41 | $0.39 | | | View | N/A | |
| 7/29/2011 | | $0.01 | ($0.14) | | | View | N/A | |
| 4/29/2011 | | ($0.13) | ($0.61) | | | View | N/A | |
| 2/18/2011 | | $0.09 | ($0.38) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Calpine Corporation (NYSE:CPN)2017 EPS Consensus Estimate: $0.66
2018 EPS Consensus Estimate: $0.47
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($0.22) | ($0.22) | ($0.22) |
| Q2 2017 | 1 | $0.19 | $0.19 | $0.19 |
| Q3 2017 | 1 | $0.64 | $0.64 | $0.64 |
| Q4 2017 | 1 | $0.05 | $0.05 | $0.05 |
| Q1 2018 | 1 | ($0.23) | ($0.23) | ($0.23) |
| Q2 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q3 2018 | 1 | $0.58 | $0.58 | $0.58 |
| Q1 2019 | 1 | ($0.17) | ($0.17) | ($0.17) |
(Data provided by Zacks Investment Research)
Dividend History for Calpine Corporation (NYSE:CPN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Calpine Corporation (NYSE:CPN)Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 93.31%
Insider Trades by Quarter for Calpine Corporation (NYSE:CPN)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/2/2016 | W Benjamin Moreland | Director | Buy | 50,000 | $11.08 | $554,000.00 | |
| 7/13/2016 | Jack A Fusco | Director | Sell | 54,600 | $15.00 | $819,000.00 | |
| 7/11/2016 | Jack A Fusco | Director | Sell | 24,800 | $14.75 | $365,800.00 | |
| 7/1/2016 | Jack A Fusco | Director | Sell | 154,600 | $14.72 | $2,275,712.00 | |
| 6/6/2016 | Jack A Fusco | Director | Sell | 68,000 | $15.76 | $1,071,680.00 | |
| 5/31/2016 | Jack A Fusco | Director | Sell | 235,000 | $14.78 | $3,473,300.00 | |
| 2/24/2016 | Michael William Hofmann | Director | Buy | 20,000 | $12.36 | $247,200.00 | |
| 11/12/2015 | Iii W. G. Griggs | EVP | Buy | 15,000 | $14.79 | $221,850.00 | |
| 2/24/2015 | Robert A Mosbacher Jr | Director | Sell | 7,500 | $20.02 | $150,150.00 | |
| 5/15/2014 | David Merritt | Director | Sell | 10,000 | $22.39 | $223,900.00 | |
| 9/10/2013 | J. Stuart Ryan | Director | Sell | 10,979,900 | $18.92 | $207,739,708.00 | |
| 8/20/2013 | Robert Mosbacher, Jr. | Director | Sell | 8,000 | $19.14 | $153,120.00 | |
| 8/19/2013 | David Merritt | Director | Buy | 10,000 | $18.69 | $186,900.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Calpine Corporation (NYSE:CPN)
Latest Headlines for Calpine Corporation (NYSE:CPN)
| Source: |
|
| Date | Headline |
|---|
 | Calpine Corporation (CPN) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - June 27 at 5:50 PM |
| Calpine Corporation (CPN) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - June 26 at 7:02 PM |
| Calpine Corporation Target of Unusually Large Options Trading (CPN)
www.americanbankingnews.com - June 25 at 7:02 AM |
| Calpine Corporation (CPN) Price Target Increased to $15.00 by Analysts at Royal Bank Of Canada
www.americanbankingnews.com - June 22 at 10:16 AM |
 | Wall Street's M&A Chatter From June 20: Calpine, Parexel, Gilead, Spherix-Hoth Therapeutics, Norsat-Hytera
feeds.benzinga.com - June 21 at 8:06 AM |
| Calpine Corporation (CPN) Short Interest Update
www.americanbankingnews.com - June 15 at 7:13 AM |
 | Why Calpine Corporation's Shares Popped 26% in May
finance.yahoo.com - June 13 at 4:06 PM |
 | Why Calpine Corporation's Shares Popped 26% in May
www.fool.com - June 13 at 2:20 PM |
| Calpine Co. (CPN) Given a $13.00 Price Target by Royal Bank of Canada Analysts
www.americanbankingnews.com - June 5 at 6:52 PM |
| Calpine Co. (CPN) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 5 at 8:48 AM |
| Calpine Co. (CPN) Rating Lowered to Sell at ValuEngine
www.americanbankingnews.com - June 4 at 9:52 PM |
| Calpine Co. (CPN) Short Interest Up 14.1% in May
www.americanbankingnews.com - May 30 at 7:06 AM |
| Gabelli Comments on Calpine Co.'s FY2020 Earnings (CPN)
www.americanbankingnews.com - May 26 at 2:02 PM |
| Payouts for U.S. Power Generators Plunge in Biggest Market
finance.yahoo.com - May 23 at 8:08 PM |
| Options say this electric company is heading higher
finance.yahoo.com - May 23 at 3:08 PM |
| Power Producers Would Like You to Take Them Home
finance.yahoo.com - May 22 at 4:18 PM |
| The Curious Calculus Of A Calpine Buyout
finance.yahoo.com - May 19 at 4:20 PM |
| Instant Analysis: Calpine Reportedly Exploring a Sale
www.fool.com - May 19 at 8:29 AM |
| ETFs with exposure to Calpine Corp. : May 18, 2017
finance.yahoo.com - May 18 at 4:22 PM |
| Wall Street's M&A Chatter From May 17: SiriusXM-Pandora, WebMD, Colgate, Calpine
feeds.benzinga.com - May 18 at 7:33 AM |
| Calpine Co. (CPN) Upgraded to Hold by ValuEngine
www.americanbankingnews.com - May 16 at 4:32 PM |
| [$$] Noble Group: coal bunkered
finance.yahoo.com - May 15 at 12:03 PM |
| Calpine Co. (CPN) Given a $14.00 Price Target at Deutsche Bank AG
www.americanbankingnews.com - May 13 at 6:26 PM |
| Calpine Co. (CPN) Given a $15.00 Price Target at Citigroup Inc
www.americanbankingnews.com - May 13 at 5:50 PM |
| A Sand-Eradicating Sprayer and Other Gear
finance.yahoo.com - May 12 at 10:01 PM |
| Traders Purchase High Volume of Call Options on Calpine (CPN)
www.americanbankingnews.com - May 11 at 5:18 PM |
| Calpine Corp. breached its 50 day moving average in a Bullish Manner : CPN-US : May 11, 2017
finance.yahoo.com - May 11 at 5:04 PM |
| Wall Street's M&A Chatter From May 10: Abercrombie & Fitch, Calpine, Sprint-T-Mobile
feeds.benzinga.com - May 11 at 8:11 AM |
| Power producer Calpine exploring a sale - WSJ
finance.yahoo.com - May 10 at 4:38 PM |
| Power company Calpine explores sale - WSJ
finance.yahoo.com - May 10 at 4:38 PM |
| [$$] Power Company Calpine Explores Sale
finance.yahoo.com - May 10 at 4:38 PM |
| Calpine Co. (CPN) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - May 9 at 8:47 AM |
| Moody's: Marcellus Shale Gas Buildout Wreaks Havoc on PJM Power Market
finance.yahoo.com - May 8 at 4:21 PM |
| ETFs with exposure to Calpine Corp. : May 4, 2017
finance.yahoo.com - May 4 at 4:35 PM |
| Calpine Corp. :CPN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017
finance.yahoo.com - May 3 at 4:26 PM |
| SunTrust Banks Weighs in on Calpine Co.'s Q2 2017 Earnings (CPN)
www.americanbankingnews.com - May 3 at 8:24 AM |
| Calpine Co. (CPN) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - May 2 at 8:30 PM |
| Calpine (CPN) Receiving Somewhat Favorable Press Coverage, Study Finds
www.americanbankingnews.com - May 2 at 6:10 PM |
| Calpine Co. (CPN) Given Buy Rating at Goldman Sachs Group Inc
www.americanbankingnews.com - May 2 at 4:52 PM |
| Edited Transcript of CPN earnings conference call or presentation 28-Apr-17 2:00pm GMT
finance.yahoo.com - May 1 at 8:24 AM |
| Calpine (CPN) Getting Somewhat Negative News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 29 at 3:15 PM |
| Calpine Co. (CPN) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS
www.americanbankingnews.com - April 29 at 1:28 AM |
| Calpine Co. (CPN) Posts Earnings Results
www.americanbankingnews.com - April 29 at 1:28 AM |
| BMO Capital Markets Reiterates "Buy" Rating for Calpine Co. (CPN)
www.americanbankingnews.com - April 29 at 1:11 AM |
 | Calpine (CPN) Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 28 at 10:28 PM |
| Calpine Co. (CPN) Rating Reiterated by BMO Capital Markets
www.americanbankingnews.com - April 28 at 8:46 PM |
| Calpine Reports First Quarter 2017 Results, Reaffirms 2017 Guidance; Announces Cancellation of New Texas Power Plant, Replaces with 10-Year Supply Contract
finance.yahoo.com - April 28 at 5:26 PM |
 | Calpine reports 1Q loss
marketbeat.com - April 28 at 6:21 AM |
| Calpine (CPN) Receives News Impact Score of -0.36
www.americanbankingnews.com - April 26 at 8:43 AM |
| Somewhat Favorable News Coverage Extremely Likely to Impact Calpine (CPN) Stock Price
www.americanbankingnews.com - April 23 at 11:24 AM |
Calpine Corporation (CPN) Chart for Wednesday, June, 28, 2017
