Press coverage about Calpine Corporation (NYSE:CPN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Calpine Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 47.3454442495982 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
A number of equities research analysts have issued reports on CPN shares. Royal Bank of Canada restated a “buy” rating and set a $15.00 price target on shares of Calpine Corporation in a report on Monday, July 24th. ValuEngine upgraded shares of Calpine Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $14.00 price objective on shares of Calpine Corporation in a research report on Friday, July 28th. BidaskClub raised shares of Calpine Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Guggenheim lowered shares of Calpine Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $15.25 in a research report on Monday, August 21st. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.08.
Calpine Corporation (NYSE:CPN) remained flat at $$14.99 during trading hours on Friday. The stock had a trading volume of 3,954,900 shares, compared to its average volume of 6,207,470. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $15.11. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10.
In other news, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $14.73, for a total transaction of $5,127,513.00. Following the completion of the sale, the director now owns 344,835 shares of the company’s stock, valued at $5,079,419.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now directly owns 344,835 shares of the company’s stock, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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About Calpine Corporation
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.
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