UPDATE: Barclays Upgrades Calpine Corporation (CPN) to Overweight; Most Gas Agnostic of Its Peers
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Price: $21.27 -0.28%
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade CPN Now!
(Updated - August 30, 2012 1:46 PM EDT)
Barclays upgraded Calpine Corporation (NYSE: CPN) from Equalweight to Overweight with a $21 price target (up from $19).
Analyst, Gregg Orrill, said, "Raising to OW with the improving fundamentals in Texas as the catalyst. Recent work by the Texas Public Utility Commission (PUCT) on market incentives for new generation highlights the tightening power market. CPN stock is flat versus the S&P 500 (1% absolute) since the end of March (3/25)."
Orrill also mentioned positives including: 1) Gas-fired profile no dependent on commodity prices; 2) Strong free cash flow generation; 3) Friendly shareholder track record.
For an analyst ratings summary and ratings history on Calpine Corporation click here. For more ratings news on Calpine Corporation click here.
Shares of Calpine Corporation closed at $17.42 yesterday, with a 52 week range of $12.79-$19.03.
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Barclays upgraded Calpine Corporation (NYSE: CPN) from Equalweight to Overweight with a $21 price target (up from $19).
Analyst, Gregg Orrill, said, "Raising to OW with the improving fundamentals in Texas as the catalyst. Recent work by the Texas Public Utility Commission (PUCT) on market incentives for new generation highlights the tightening power market. CPN stock is flat versus the S&P 500 (1% absolute) since the end of March (3/25)."
Orrill also mentioned positives including: 1) Gas-fired profile no dependent on commodity prices; 2) Strong free cash flow generation; 3) Friendly shareholder track record.
For an analyst ratings summary and ratings history on Calpine Corporation click here. For more ratings news on Calpine Corporation click here.
Shares of Calpine Corporation closed at $17.42 yesterday, with a 52 week range of $12.79-$19.03.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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