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Enter Symbol:
 
Calpine Corporation (CPN) [hlAlert]

Rating:
Outperform
CPN
up 23.75 %

Calpine Corporation (CPN) rated Outperform with price target $16 by Oppenheimer

Posted on: Friday,  Dec 10, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Calpine Corporation (NYSE: CPN) on 12/10/2010, when the stock price was $12.84. Since
then, Calpine Corporation has gained 23.75% as of 11/02/2015's recent price of $15.89.
If you would have followed this Oppenheimer's recommendation on CPN, you would have gained 23.75% of your investment in 1788 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2010 8:25 AM Buy
None
12.84 16.00
as of 12/31/2010
1 Week up  5.16 %
1 Month up  10.98 %
3 Months   
1 YTD up  10.98 %

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