Calpine Corporation Company Profile (NYSE:CPN)

About Calpine Corporation (NYSE:CPN)

Calpine Corporation logoCalpine 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
  • Sub-Industry: Independent Power Producers & Energy Traders
  • Symbol: NYSE:CPN
  • CUSIP: 13134730
  • Web: www.calpine.com
Capitalization:
  • Market Cap: $5.31 billion
  • Outstanding Shares: 360,670,000
Average Prices:
  • 50 Day Moving Avg: $14.43
  • 200 Day Moving Avg: $12.74
  • 52 Week Range: $9.30 - $14.94
P/E:
  • Trailing P/E Ratio: 110.68
  • Foreward P/E Ratio: 17.95
  • P/E Growth: 20.11
Sales & Book Value:
  • Annual Revenue: $8.03 billion
  • Price / Sales: 0.66
  • Book Value: $8.31 per share
  • Price / Book: 1.77
Profitability:
  • EBIDTA: $1.55 billion
  • Net Margins: 0.57%
  • Return on Equity: -8.92%
  • Return on Assets: -1.57%
Debt:
  • Debt-to-Equity Ratio: 3.68%
  • Current Ratio: 1.11%
  • Quick Ratio: 0.95%
Misc:
  • Average Volume: 8.27 million shs.
  • Beta: 1.01
  • Short Ratio: 5.57
 

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) released its earnings results on Friday, July, 28th. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.02 by $0.63. The firm earned $2.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The firm's revenue was up 79.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. View Calpine Corporation's Earnings History.

When will Calpine Corporation make its next earnings announcement?

Calpine Corporation is scheduled to release their next quarterly earnings announcement on Friday, October, 27th 2017. View Earnings Estimates for Calpine Corporation.

Where is Calpine Corporation's stock going? Where will Calpine Corporation's stock price be in 2017?

10 brokers have issued 1 year price objectives for Calpine Corporation's stock. Their predictions range from $11.00 to $18.00. On average, they expect Calpine Corporation's stock price to reach $14.84 in the next twelve months. View Analyst Ratings for Calpine Corporation.

Are investors shorting Calpine Corporation?

Calpine Corporation saw a decline in short interest in the month of August. As of August 31st, there was short interest totalling 12,412,637 shares, a decline of 21.9% from the August 15th total of 15,885,475 shares. Based on an average daily volume of 25,482,181 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.6% of the shares of the stock are sold short.

Who are some of Calpine Corporation's key competitors?

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 number of of retail and institutional investors. Top institutional investors include Hotchkis & Wiley Capital Management LLC (13.11%), Vanguard Group Inc. (8.32%), Energy Capital Partners III LLC (4.85%), FMR LLC (4.77%), BlackRock Inc. (4.40%) and BLACKROCK INC. (4.40%). 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 Sound Shore Management Inc. CT, BlackRock Inc., Bank of New York Mellon Corp, State Street Corp, Strs Ohio, Davidson Kempner Capital Management LP, Los Angeles Capital Management & Equity Research Inc. and Sumitomo Mitsui Trust Holdings Inc.. View Insider Buying and Selling for Calpine Corporation.

Who bought Calpine Corporation stock? Who is buying Calpine Corporation stock?

Calpine Corporation's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Janus Henderson Group PLC, First Trust Advisors LP, Dimensional Fund Advisors LP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Blackstart Capital LP, Hotchkis & Wiley Capital Management LLC and Shufro Rose & Co. 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 $14.72.


MarketBeat Community Rating for Calpine Corporation (NYSE CPN)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  314 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  618
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.

Analyst Ratings

Consensus Ratings for Calpine Corporation (NYSE:CPN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.30)
Consensus Price Target: $14.84 (0.84% upside)

Analysts' Ratings History for Calpine Corporation (NYSE:CPN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/8/2017Citigroup Inc.DowngradeBuy -> Neutral$15.00 -> $15.25LowView Rating Details
8/31/2017MacquarieDowngradeOutperform -> NeutralLowView Rating Details
8/21/2017Royal Bank Of CanadaDowngradeOutperform -> Sector Perform$15.00 -> $15.25LowView Rating Details
8/21/2017GuggenheimDowngradeBuy -> Neutral$20.00 -> $15.25LowView Rating Details
7/31/2017BMO Capital MarketsBoost Price TargetOutperform$14.00 -> $16.00LowView Rating Details
7/11/2017Morgan StanleySet Price TargetHold$11.00MediumView Rating Details
7/10/2017Goldman Sachs Group, Inc. (The)DowngradeBuy -> NeutralHighView Rating Details
5/11/2017Deutsche Bank AGSet Price TargetBuy$14.00LowView Rating Details
1/20/2017Barclays PLCBoost Price TargetOverweight$17.00 -> $18.00N/AView Rating Details
11/22/2016Bank of America CorporationDowngradeBuy -> NeutralN/AView Rating Details
8/29/2016SunTrust Banks, Inc.Boost Price Target$13.00 -> $14.00N/AView Rating Details
3/8/2016ArgusDowngradeBuy -> HoldN/AView Rating Details
11/3/2015Evercore ISILower Price TargetBuy$21.00 -> $19.50N/AView Rating Details
9/24/2015Wolfe ResearchLower Price TargetOutperform$25.00 -> $22.00N/AView Rating Details
(Data available from 9/20/2015 forward)

Earnings

Earnings History for Calpine Corporation (NYSE:CPN)
Earnings by Quarter for Calpine Corporation (NYSE:CPN)
Earnings History by Quarter for Calpine Corporation (NYSE CPN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.69N/AView Earnings Details
7/28/2017Q2 2017$0.02($0.61)$1.15 billion$2.08 billionViewN/AView Earnings Details
4/28/2017Q1 2017($0.17)($0.32)$1.16 billion$2.28 billionViewN/AView Earnings Details
2/10/2017Q416($0.15)($0.40)$1.23 billion$1.58 billionViewN/AView Earnings Details
10/28/2016Q316$0.59$0.83$2.14 billion$2.36 billionViewListenView Earnings Details
7/29/2016Q216($0.02)($0.08)$1.29 billion$1.16 billionViewListenView Earnings Details
4/29/2016Q116($0.06)($0.29)$1.38 billion$1.62 billionViewListenView Earnings Details
2/12/2016Q415($0.16)($0.13)$1.18 billion$1.49 billionViewListenView Earnings Details
10/30/2015Q315$0.83$0.97$1.69 billion$1.95 billionViewListenView Earnings Details
7/30/2015Q215$0.04$0.09$1.37 billion$1.44 billionViewListenView Earnings Details
5/1/2015Q115($0.10)($0.17)$1.43 billion$1.65 billionViewN/AView Earnings Details
2/13/2015Q414($0.08)($0.13)$1.63 billion$1.94 billionViewN/AView Earnings Details
11/6/2014Q314$0.50$0.76$1.85 billion$2.18 billionViewListenView Earnings Details
8/1/2014Q2($0.03)($0.01)$1.40 billion$1.94 billionViewListenView Earnings Details
5/1/2014Q114($0.06)$0.13$1.31 billion$1.97 billionViewListenView Earnings Details
2/13/2014Q413($0.07)($0.28)$1.59 billion$1.44 billionViewListenView Earnings Details
11/7/2013Q313$0.65$0.70$1.89 billion$2.05 billionViewListenView Earnings Details
7/25/2013Q2 2013$0.02($0.16)$1.32 billion$1.57 billionViewListenView Earnings Details
5/2/2013Q1 2013($0.16)($0.16)$1.18 billion$1.24 billionViewListenView Earnings Details
2/13/2013Q4 2012($0.05)$0.22$2.81 billion$1.37 billionViewListenView Earnings Details
11/6/2012Q312$0.45$0.47$1.88 billion$2.00 billionViewN/AView Earnings Details
7/27/2012($0.03)($0.69)ViewN/AView Earnings Details
4/27/2012($0.11)($0.14)ViewN/AView Earnings Details
2/10/2012($0.02)($0.03)ViewN/AView Earnings Details
10/28/2011$0.41$0.39ViewN/AView Earnings Details
7/29/2011$0.01($0.14)ViewN/AView Earnings Details
4/29/2011($0.13)($0.61)ViewN/AView Earnings Details
2/18/2011$0.09($0.38)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Calpine Corporation (NYSE:CPN)
2017 EPS Consensus Estimate: $0.90
2018 EPS Consensus Estimate: $0.80
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.22)($0.22)($0.22)
Q2 20171$0.19$0.19$0.19
Q3 20171$0.94$0.94$0.94
Q4 20171($0.01)($0.01)($0.01)
Q1 20181($0.19)($0.19)($0.19)
Q2 20181($0.22)($0.22)($0.22)
Q3 20181$1.08$1.08$1.08
Q4 20181$0.13$0.13$0.13
Q1 20191($0.16)($0.16)($0.16)
Q2 20191($0.19)($0.19)($0.19)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Calpine Corporation (NYSE:CPN)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Calpine Corporation (NYSE:CPN)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 96.87%
Insider Trades by Quarter for Calpine Corporation (NYSE:CPN)
Institutional Ownership by Quarter for Calpine Corporation (NYSE:CPN)
Insider Trades by Quarter for Calpine Corporation (NYSE:CPN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/24/2017Jack A FuscoDirectorSell949,525$14.72$13,977,008.00View SEC Filing  
8/23/2017Jack A FuscoDirectorSell348,100$14.73$5,127,513.00View SEC Filing  
11/2/2016W Benjamin MorelandDirectorBuy50,000$11.08$554,000.00View SEC Filing  
7/13/2016Jack A FuscoDirectorSell54,600$15.00$819,000.00View SEC Filing  
7/11/2016Jack A FuscoDirectorSell24,800$14.75$365,800.00View SEC Filing  
7/1/2016Jack A FuscoDirectorSell154,600$14.72$2,275,712.00View SEC Filing  
6/6/2016Jack A FuscoDirectorSell68,000$15.76$1,071,680.00View SEC Filing  
5/31/2016Jack A FuscoDirectorSell235,000$14.78$3,473,300.00View SEC Filing  
2/24/2016Michael William HofmannDirectorBuy20,000$12.36$247,200.00View SEC Filing  
11/12/2015Iii W. G. GriggsEVPBuy15,000$14.79$221,850.00View SEC Filing  
2/24/2015Robert A Mosbacher JrDirectorSell7,500$20.02$150,150.00View SEC Filing  
5/15/2014David MerrittDirectorSell10,000$22.39$223,900.00View SEC Filing  
9/10/2013J. Stuart RyanDirectorSell10,979,900$18.92$207,739,708.00View SEC Filing  
8/20/2013Robert Mosbacher, Jr.DirectorSell8,000$19.14$153,120.00View SEC Filing  
8/19/2013David MerrittDirectorBuy10,000$18.69$186,900.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Calpine Corporation (NYSE:CPN)
Latest Headlines for Calpine Corporation (NYSE:CPN)
Source:
DateHeadline
bizjournals.com logoFinancial firm to relocate downtown Houston energy-focused office
www.bizjournals.com - September 18 at 5:28 PM
americanbankingnews.com logoCalpine Corporation (CPN) Short Interest Down 21.9% in August
www.americanbankingnews.com - September 18 at 1:22 AM
finance.yahoo.com logoWhat Is Calpine Corporation’s (CPN) Share Price Doing?
finance.yahoo.com - September 15 at 11:00 PM
americanbankingnews.com logoHead to Head Contrast: Calpine Corporation (CPN) and Public Service Enterprise Group (PEG)
www.americanbankingnews.com - September 15 at 10:12 PM
americanbankingnews.com logoCalpine Corporation (CPN) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - September 13 at 6:44 PM
americanbankingnews.com logoCalpine Corporation (CPN) Stock Rating Lowered by Citigroup Inc.
www.americanbankingnews.com - September 8 at 8:40 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Calpine Corporation - CPN
finance.yahoo.com - August 31 at 10:27 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Calpine Corporation and Encourages Shareholders to Contact the Firm for Additional Information
finance.yahoo.com - August 31 at 5:21 PM
americanbankingnews.com logoCalpine Corporation (CPN) Downgraded by Macquarie
www.americanbankingnews.com - August 31 at 7:46 AM
streetinsider.com logoCalpine Corporation (CPN) Announces Update on Southwast Texas Operations from Hurricane Harvey Impact
www.streetinsider.com - August 31 at 4:36 AM
finance.yahoo.com logoCalpine Provides Update on Hurricane Harvey’s Impact on Southeast Texas Operations
finance.yahoo.com - August 30 at 6:31 PM
americanbankingnews.com logoCalpine Corporation (CPN) Sees Significant Decrease in Short Interest
www.americanbankingnews.com - August 30 at 2:44 AM
americanbankingnews.com logoCalpine Corporation (CPN) Director Sells $5,127,513.00 in Stock
www.americanbankingnews.com - August 25 at 7:22 PM
americanbankingnews.com logoCalpine Corporation (CPN) Director Jack A. Fusco Sells 949,525 Shares
www.americanbankingnews.com - August 25 at 7:22 PM
bizjournals.com logoDeal of the Week: Private equity firm, consortium to buy Calpine for $5.6B in cash - Houston Business Journal
www.bizjournals.com - August 25 at 3:43 AM
seekingalpha.com logoCalpine To Be Sold... Still Time For Merger Arbitrage - Seeking Alpha
seekingalpha.com - August 24 at 5:38 PM
finance.yahoo.com logo[$$] Calpine Unlikely to See Higher Bidder
finance.yahoo.com - August 22 at 6:03 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Calpine Corporation and Encourages Investors to Contact the Firm for Additional Information
finance.yahoo.com - August 22 at 6:03 PM
finance.yahoo.com logoCALPINE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Calpine Corporation
finance.yahoo.com - August 22 at 6:03 PM
seekingalpha.com logoCalpine cut to Neutral at Guggenheim, as higher takeover bid unlikely
seekingalpha.com - August 22 at 4:22 PM
marketwatch.com logoCALPINE CORPORATION SHAREHOLDER ALERT:Former SEC Attorney Willie Briscoe Investigates Sale to Energy Capital Partners
www.marketwatch.com - August 21 at 10:16 PM
businesswire.com logoCALPINE CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout
www.businesswire.com - August 21 at 10:16 PM
finance.yahoo.com logoRowley Law PLLC is Investigating Calpine Corporation and its Board of Directors for Potential Breaches of Fiduciary Duty
finance.yahoo.com - August 21 at 10:16 PM
businesswire.com logoCALPINE CORPORATION SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Investigates Sale to Energy ... - Business Wire (press release)
www.businesswire.com - August 21 at 5:14 PM
nasdaq.com logoCalpine Corporation (CPN) Catches Eye: Stock Jumps 10.5% - Nasdaq
www.nasdaq.com - August 21 at 5:14 PM
finance.yahoo.com logoCALPINE CORPORATION SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Investigates Sale to Energy Capital Partners
finance.yahoo.com - August 21 at 5:14 PM
finance.yahoo.com logoMajor Houston power co. to be sold for $5.6B (Video)
finance.yahoo.com - August 21 at 5:14 PM
americanbankingnews.com logoTraders Purchase High Volume of Call Options on Calpine Corporation (CPN)
www.americanbankingnews.com - August 21 at 8:48 AM
americanbankingnews.com logoGuggenheim Downgrades Calpine Corporation (CPN) to Neutral
www.americanbankingnews.com - August 21 at 8:08 AM
americanbankingnews.com logoCalpine Corporation (CPN) Lowered to "Sector Perform" at Royal Bank Of Canada
www.americanbankingnews.com - August 21 at 8:08 AM
rttnews.com logoCalpine Corp. (CPN) Is Up Sharply After Bought By Energy Capital-Led Consortium
www.rttnews.com - August 20 at 8:51 AM
americanbankingnews.com logoCalpine Corporation (CPN) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 19 at 4:48 PM
bizjournals.com logoMajor Houston power co. to be sold for $5.6B - Houston Business Journal
www.bizjournals.com - August 19 at 3:34 AM
nasdaq.com logoPre-Market Most Active for Aug 18, 2017 : CPN, FL, INFY, TVIX, QQQ ... - Nasdaq
www.nasdaq.com - August 18 at 10:31 PM
prnewswire.com logoCALPINE (CPN) ALERT: J&W Investigates Proposed Sale of Calpine Corporation; Is $15.25 a Fair Price? - PR Newswire (press release)
www.prnewswire.com - August 18 at 10:31 PM
streetinsider.com logoCalpine Corporation (CPN) to be Acquired by Energy Capital Partners for $5.6B - StreetInsider.com
www.streetinsider.com - August 18 at 10:31 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Calpine Corporation - CPN
finance.yahoo.com - August 18 at 10:30 PM
reuters.com logoDebt-laden Calpine to sell itself for $5.6 billion
www.reuters.com - August 18 at 5:30 PM
streetinsider.com logoCalpine Corporation (CPN) to be Acquired by Energy Capital Partners for $5.6B
www.streetinsider.com - August 18 at 5:30 PM
marketwatch.com logoCALPINE (CPN) ALERT: J&W Investigates Proposed Sale of Calpine Corporation; Is $15.25 a Fair Price?
www.marketwatch.com - August 18 at 5:30 PM
finance.yahoo.com logoEnergy Capital Partners Snaps up Calpine for $5.6 Billion
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Calpine Corporation to Energy Capital Partners and a Consortium is Fair to Shareholders
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoCalpine Construction Finance Company, L.P. -- Moody's revises Calpine's outlook to negative
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoCalpine Winds Down the Party
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoDebt-laden Calpine to sell itself for $5.6 bln
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logo[$$] Calpine agrees sale in $5.6bn private equity led deal
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoHarwood Feffer LLP Announces Investigation of Calpine Corporation
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoWhy Calpine Corporation's Shares Popped 10% Today
finance.yahoo.com - August 18 at 5:30 PM
finance.yahoo.com logoWhy Calpine, Tenet Healthcare, and Snap Jumped Today
finance.yahoo.com - August 18 at 5:30 PM
News IconA group of investors is buying debt-ridden Calpine for $5.6 billion
www.businessinsider.com - August 18 at 1:58 PM

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Chart

Calpine Corporation (CPN) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff