Calpine (CPN) Earns Daily News Sentiment Rating of 0.25
Media headlines about Calpine (NYSE:CPN) have trended positive on Monday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Calpine earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.8980704165992 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- SunTrust Banks Reiterates “Hold” Rating for Calpine (CPN) (americanbankingnews.com)
- Calpine acquisition by Energy Capital Partners and consortium finalized (thinkgeoenergy.com)
- Consortium Led by Energy Capital Partners Completes Acquisition of Calpine Corporation; Announces Management Roles and Board of Directors (markets.financialcontent.com)
- Calpine Co. (CPN) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Calpine from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, December 19th. SunTrust Banks reissued a “hold” rating on shares of Calpine in a report on Wednesday, March 7th. Finally, ValuEngine raised Calpine from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.75.
In related news, EVP W. Thaddeus Miller sold 177,627 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $15.12, for a total transaction of $2,685,720.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thad Hill sold 38,304 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $15.08, for a total value of $577,624.32. Following the sale, the chief executive officer now directly owns 559,237 shares of the company’s stock, valued at $8,433,293.96. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
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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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