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Calpine Corporation (CPN) [hlAlert]

Rating:
Buy CPN
down 15.88 %

Calpine Corporation (CPN) rated Buy by Tudor Pickering

Posted on: Tuesday,  Aug 20, 2013  9:25 AM ET by Tudor Pickering

Tudor Pickering rated Buy Calpine Corporation (NYSE: CPN) on 08/20/2013, when the stock price was $18.89. Since
then, Calpine Corporation has lost 15.88% as of 11/02/2015's recent price of $15.89.
If you would have followed this Tudor Pickering's recommendation on CPN, you would have lost 15.88% of your investment in 804 days.

Calpine Corporation (Calpine) is an independent wholesale power generation company engaged in the ownership and operation of natural gas-fired and geothermal power plants in North America. The Company sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, including industrial companies, retail power providers, utilities, municipalities, independent electric system operators, marketers and others. The Company?s portfolio comprises two types of power generation technologies: natural gas-fired combustion turbines (primarily combined-cycle) and renewable geothermal conventional steam turbines. On January 31, 2008, Calpine emerged from Chapter 11 bankruptcy protection. On February 14, 2008, Calpine completed the sale of all of the assets comprising the Hillabee development project, a partially completed 774 megawatt combined cycle power plant located in Alexander City, Alabama, to CER Generation, LLC.

Tudor Pickering
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/20/2013 9:25 AM Buy
None
18.89
as of 12/13/2013
1 Week down  -3.42 %
1 Month down  -1.66 %
3 Months down  -1.61 %
1 YTD up  0.10 %

(*) Stock Price at the time of the recommendation.
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