Calpine Corp. (NYSE:CPN)’s share price fell 2.6% during trading on Thursday . The stock traded as low as $12.12 and last traded at $12.16, with a volume of 1,363,823 shares changing hands. The stock had previously closed at $12.48.

Several research firms recently commented on CPN. Zacks Investment Research lowered shares of Calpine Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Royal Bank Of Canada reissued a “buy” rating on shares of Calpine Corp. in a report on Tuesday, May 31st. SunTrust Banks Inc. cut their price target on shares of Calpine Corp. from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, August 24th. BMO Capital Markets cut their price target on shares of Calpine Corp. from $19.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, August 1st. Finally, Deutsche Bank AG raised shares of Calpine Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a report on Tuesday, July 26th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Calpine Corp. currently has a consensus rating of “Buy” and a consensus target price of $19.71.

The stock’s market capitalization is $4.36 billion. The stock has a 50-day moving average of $13.39 and a 200 day moving average of $14.19.

Calpine Corp. (NYSE:CPN) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.06. During the same quarter last year, the business earned $0.09 EPS. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.29 billion. The firm’s revenue was down 19.3% on a year-over-year basis. Equities analysts predict that Calpine Corp. will post $0.45 EPS for the current fiscal year.

In other Calpine Corp. news, Director Jack A. Fusco sold 24,800 shares of the business’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $14.75, for a total transaction of $365,800.00. Following the transaction, the director now owns 722,825 shares in the company, valued at $10,661,668.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack A. Fusco sold 154,600 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $14.72, for a total transaction of $2,275,712.00. Following the transaction, the director now owns 737,625 shares in the company, valued at approximately $10,857,840. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Calpine Corp. stock. Ameriprise Financial Inc. increased its position in Calpine Corp. (NYSE:CPN) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 130,133 shares of the company’s stock after buying an additional 3,147 shares during the period. Ameriprise Financial Inc.’s holdings in Calpine Corp. were worth $1,883,000 at the end of the most recent reporting period.

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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