CPN

Calpine Corporation

Energy


Presented:02/28/2013
Price:$18.36
Cap:$8.38B
Current Price:$15.25
Cap:$0.00B

Presented

Date02/28/2013
Price$18.36
Market Cap$8.38B
Ent Value$18.10B
P/E Ratio8.92x
Book Value$8.85
Div YieldN/A
Shares O/S456.24M
Ave Daily Vol2,680,000
Short Int6.29%

Current

Price$15.25
Market Cap$0.00B
Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. The company sells wholesale power, steam, capacity, renewable energy credits, and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers, and others. As of December 31, 2014, it owned and operated 88 power plants, including 1 under construction with an aggregate generation capacity of 26,548 megawatts and 309 megawatts under construction. Calpine Corporation was founded in 1984 and is based in Houston, Texas.

Highlights

Calpine (CPN) made a substantial investment in a new fleet of combined-cycle natural gas-fired turbines over a decade ago. High natural gas prices pressured the company into bankruptcy, but today the presenter believes the company is extremely well-positioned to benefit from tight power markets and the low price of natural gas relative to coal (and, broader shift to cleaner burning fuels).

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Idea Discussion

Commentor 1 - 2 weeks ago

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