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Calpine Corporation (NYSE:CPN)
Type
Public
Traded as NYSE: CPN
Founder Peter Cartwright
Headquarters Calpine Center
Houston, Texas
, United States
Website www.calpine.com

Calpine Corporation is the largest generator of electricity from natural gas and geothermal resources in the United States, with operations in competitive power markets.

A Fortune 500 company based in Houston, Texas, the company’s stock trades on the New York Stock Exchange under the symbol CPN.

Its fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity.

In 2016, while M.J. Bradley & Associates ranked Calpine as the nation’s 10th largest power producer, it ranked the company 79th, 78th and 72nd with regard to emissions of SO2, NOx and CO2, respectively, with no mercury emissions in its gas-fired fleet. These results reflect efficient operation of a modern fleet with no coal-fired generation.

Calpine’s predominantly gas-fired fleet also benefits from the nations’ abundant and affordable supply of natural gas and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. The company advocates for responsible environmental regulation, competitive wholesale power markets and market-driven solutions that result in nondiscriminatory forward price signals for investors.

Through wholesale power operations and its retail businesses, Calpine Energy Solutions (formerly Noble Americas Energy Solutions) and Champion Energy, Calpine serves customers in 25 states, Canada and Mexico.

As of 2016, the directors of Calpine are Board Chairman Frank Cassidy, CEO Thad Hill, Laurie Brlas, Jack A. Fusco, Michael W. Hoffmann, David C. Merritt, W. Benjamin Moreland, Robert A. Mosbacher, Jr., and Denise M. O'Leary. The executive leadership team includes President/CEO Thad Hill, EVP/Chief Legal Officer Thad Miller, EVP/Chief Financial Officer Zamir Rauf, EVP/Chief Commercial Officer Trey Griggs and EVP/Power Operations Charlie Gates.

In response to the 1973 oil crisis and the 1979 energy crisis, much legislation was passed that made domestic energy production an attractive enterprise. In 1984, Peter Cartwright and four of his co-workers, the Guy F. Atkinson Construction Company of South San Francisco, and the Electrowatt corporation struck an investment arrangement, and Calpine was born with initial capital of US$1 million. It was essentially a Silicon Valley startup company. The name "Calpine" is derived from the company's original California location and alpine, a reference to the Zürich home base of Electrowatt. Calpine is the largest generator of electricity from natural gas and geothermal resources in the United States.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2018 2018-04-30 Future report Set alerts
Q4 2017 2018-04-30 Future report Set alerts
Q3 2017 2017-11-01 0.48 0.63
Q2 2017 2017-07-28 -0.37 -0.61
Q1 2017 2017-04-28 -0.32 -0.16
Q4 2016 2017-02-10 -0.43 0.07
Q3 2016 2016-10-28 0.52 0.83
Q2 2016 2016-07-29 0.06 -0.08
Q1 2016 2016-04-29 -0.29 -0.56
Q4 2015 2016-02-12 0.19 -0.13

Ratings

2016-06-22 Reiterated Rating BMO Capital Markets Buy
2016-05-31 Reiterated Rating RBC Capital Buy
2016-05-31 Reiterated Rating Royal Bank Of Canada Buy
2016-05-19 Lower Price Target SunTrust Neutral $16.00 to $15.00
2016-05-19 Lower Price Target SunTrust Banks Inc. Neutral $16.00 to $15.00
2016-05-18 Reiterated Rating Deutsche Bank Hold
2016-05-18 Reiterated Rating Deutsche Bank AG Hold
2016-04-19 Reiterated Rating Deutsche Bank Hold $18.00
2016-04-04 Reiterated Rating Deutsche Bank Hold
2016-03-29 Lower Price Target Citigroup Inc. Buy $22.00 to $19.00
2016-03-08 Downgrade Argus Buy to Hold
2016-03-07 Boost Price Target SunTrust Neutral $13.00 to $14.00
2016-02-16 Lower Price Target RBC Capital Outperform $21.00 to $20.00
2016-02-16 Lower Price Target SunTrust Neutral $14.00 to $12.00
2016-02-10 Reiterated Rating Deutsche Bank Hold
2016-01-28 Initiated Coverage Guggenheim Buy $22.00
2016-01-13 Reiterated Rating Morgan Stanley Overweight
2016-01-12 Lower Price Target Macquarie $25.00 to $22.00
2016-01-04 Lower Price Target Barclays Overweight $19.00 to $18.00
2016-01-04 Lower Price Target Barclays PLC Overweight $19.00 to $18.00
2015-12-14 Lower Price Target Deutsche Bank $20.00 to $18.00
2015-11-03 Lower Price Target Evercore ISI Buy $21.00 to $19.50
2015-11-02 Lower Price Target BMO Capital Markets Outperform $23.00 to $21.00
2015-11-02 Downgrade Deutsche Bank Buy to Hold $25.00 to $20.00
2015-10-07 Lower Price Target Morgan Stanley Overweight $29.00 to $27.00
2015-09-24 Lower Price Target Wolfe Research Outperform $25.00 to $22.00
2015-09-24 Lower Price Target RBC Capital Outperform $23.00 to $22.00
2015-09-18 Initiated Coverage Citigroup Inc. Buy $22.00
2015-08-25 Reiterated Rating Deutsche Bank Buy $27.00
2015-08-17 Boost Price Target SunTrust Neutral $17.00 to $18.00
2015-08-03 Reiterated Rating RBC Capital Outperform $27.00 to $23.00
2015-07-31 Reiterated Rating Deutsche Bank Buy $26.00 to $27.00
2015-07-31 Upgrade Evercore ISI Hold to Buy
2015-07-21 Downgrade Goldman Sachs Conviction-Buy to Buy $25.00 to $23.00
2015-07-21 Downgrade Goldman Sachs Group Inc. Conviction-Buy to Buy $25.00 to $23.00
2015-07-20 Downgrade Goldman Sachs Conviction-Buy to Buy
2015-06-08 Lower Price Target SunTrust Neutral $21.00 to $20.00
2015-04-22 Reiterated Rating Deutsche Bank Buy $31.00 to $28.00
2015-04-21 Boost Price Target SunTrust Neutral $22.00 to $23.00
2015-04-13 Boost Price Target SunTrust Neutral $22.00 to $23.00
2015-03-23 Reiterated Rating SunTrust Hold $21.00 to $22.00
2015-03-18 Reiterated Rating Argus $29.00
2015-01-09 Upgrade RBC Capital Sector Perform to Outperform $25.00 to $27.00
2015-01-05 Boost Price Target Argus Buy $27.00 to $29.00
2014-12-30 Upgrade Deutsche Bank Hold to Buy
2014-12-17 Upgrade Deutsche Bank Hold to Buy $25.00 to $31.00
2014-12-08 Upgrade Macquarie Neutral to Outperform
2014-11-07 Reiterated Rating Barclays Overweight $25.00 to $26.00
2014-10-15 Reiterated Rating Jefferies Group Hold $23.50 to $22.00
2014-09-23 Initiated Coverage Deutsche Bank Hold to Hold $26.00
2014-08-26 Reiterated UBS Neutral $22 to $24
2014-08-04 Boost Price Target Jefferies Group Hold $23.00 to $23.50
2014-08-04 Boost Price Target Evercore ISI $22.50 to $24.00
2014-07-28 Upgrade Goldman Sachs Buy to Conviction-Buy $25.00 to $27.00
2014-07-03 Reiterated Rating Jefferies Group Hold $24.00 to $23.00
2014-05-21 Boost Price Target Argus Buy $25.00 to $27.00
2014-05-12 Boost Price Target RBC Capital Sector Perform $22.00 to $25.00
2014-05-02 Reiterated Rating Jefferies Group Hold $24.50 to $24.00
2014-04-22 Reiterated Rating Jefferies Group Hold $24.50
2014-04-21 Boost Price Target Barclays Overweight $22.00 to $23.00
2014-04-21 Boost Price Target Evercore ISI $23.00 to $23.50
2014-04-16 Boost Price Target Jefferies Group $20.50 to $22.00
2014-02-25 Set Price Target Morgan Stanley $30.00
2014-02-18 Upgrade Ned Davis Research Sell to Neutral
2014-02-14 Reiterated Rating Deutsche Bank Buy $22.00 to $21.00
2014-01-24 Lower Price Target Deutsche Bank Buy $23.00 to $21.00
2014-01-06 Lower Price Target Barclays Overweight $24.00 to $21.00
2013-12-11 Reiterated Rating Deutsche Bank Buy $24.00 to $23.00
2013-11-04 Downgrade Jefferies Group Buy to Hold $23.50 to $21.00
2013-10-28 Reiterated Rating Barclays Buy $24.00
2013-10-28 Boost Price Target Goldman Sachs Buy to Neutral $22.00 to $24.00
2013-10-16 Boost Price Target Morgan Stanley $28.00 to $29.00
2013-10-15 Lower Price Target Barclays Overweight $25.00 to $24.00
2013-10-02 Lower Price Target Deutsche Bank $23.00 to $22.00
2013-09-27 Initiated Coverage Gabelli Buy
2012-10-24 Initiated RBC Capital Mkts Sector Perform $20
2012-08-30 Upgrade Barclays Equal Weight to Overweight $19 to $21
2012-04-30 Reiterated Wunderlich Buy $20 to $22
2012-03-23 Reiterated Wunderlich Buy $18 to $20
2011-05-10 Upgrade Dahlman Rose Hold to Buy $20
2011-02-22 Upgrade Barclays Capital Equal Weight to Overweight $16 to $17
2010-09-20 Reiterated Deutsche Bank Buy $16 to $15
2016-06-22 Reiterated Rating BMO Capital Markets Buy
2016-05-31 Reiterated Rating RBC Capital Buy
2016-05-31 Reiterated Rating Royal Bank Of Canada Buy
2016-05-19 Lower Price Target SunTrust Neutral $16.00 to $15.00
2016-05-19 Lower Price Target SunTrust Banks Inc. Neutral $16.00 to $15.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SPO ADVISORY CORP 10.69%  (43037908) ADVS / CPN / EQIX / KWK / LAMR / OAS / PQ / REN /
LSP Cal Holdings II, LLC 4.97%  (20018356) CPN /
LSP Cal Holdings I, LLC 3.84%  (15460255) CPN /
RYAN J. STUART 3.01%  (12101660) CPN /
Luminus Energy Partners Master Fund, Ltd. 1.44%  (5800640) CPN /
Vega Asset Partners LP 0.42%  (1702250) CPN /
PRUETT STEVEN D EVP, Commercial Ops 0.01%  (58543) CPN /
ADAMS JOHN M EVP, Power Ops 0.01%  (55473) CPN /
GERMEROTH GARY M EVP and Chief Risk Officer 0.01%  (41258) CPN /
Hinckley Robert C 0.01%  (41015) CPN /
OBERNDORF WILLIAM E 0.01%  (39317) CPN / LAMR / OAS /
DEIDIKER JIM D SVP, CHIEF ACCOUNTING OFFICER 0.01%  (36229) CPN /

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