Calpine Corporation (NYSE:CPN) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.50 to $14.57 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company by Energy Capital.
The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases over the past one month, while the Zacks Consensus Estimate for the current quarter has moved higher in the said time period. The recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Calpine Corporation currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the Utility - Electric Power industry is Fortis Inc. (TO:FTS) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CPN going up? Or down? Predict to see what others think: Up or Down
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Calpine Corporation (CPN): Free Stock Analysis Report
Fortis Inc. (FTS): Free Stock Analysis Report
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