An issue of Calpine Co. (NYSE:CPN) debt fell 1.4% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 5.75% coupon and will mature on January 15, 2025. The bonds in the issue are now trading at $89.50 and were trading at $91.25 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.
CPN has been the topic of several analyst reports. SunTrust Banks reiterated a “hold” rating on shares of Calpine in a report on Wednesday, March 7th. ValuEngine upgraded Calpine from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.96.
CPN traded up $0.01 on Wednesday, hitting $15.25. 4,962,200 shares of the company were exchanged, compared to its average volume of 5,558,254. Calpine Co. has a 12 month low of $9.30 and a 12 month high of $15.25. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 3.65.
Calpine Company Profile
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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