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Enter Symbol:
 
Calpine Corporation (CPN) [hlAlert]

Rating:
Buy CPN
up 99.12 %

Calpine Corporation (CPN) rated Buy with price target $27 by Argus

Posted on: Wednesday,  May 21, 2014  12:00 AM ET by Argus

Argus rated Buy Calpine Corporation (NYSE: CPN) on 05/21/2014. Previously Argus rated Buy Calpine Corporation (NYSE: CPN) on 04/27/2009., when
the stock price was $7.98. Since then, Calpine Corporation has gained 99.12% as of 11/02/2015's recent price of $15.89.
If you would have followed the previous Argus's recommendation on CPN, you would have gained 99.12% of your investment in 2380 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2014 12:00 AM Buy
None
22.14 27.00
as of 10/17/2014
1 Week down  -2.31 %
1 Month down  -8.16 %
3 Months down  -6.92 %
1 YTD up  6.09 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2010 8:25 AM Buy
None
11.70 17.00
4/27/2009 8:25 AM Buy
None
7.98 13.00

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