Calpine Corporation (CPN): From Top to Bottom

Calpine Corporation (CPN) is an interesting player in the Utilities space, with a focus on Electric Utilities. The stock has been active on the tape, currently trading at $15.11, up from yesterday’s close by 0.27%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Calpine Corporation (CPN) currently trades with a market capitalization of $5.44 Billion. That value represents a market adjusting for revenues that have been growing by 9.81 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $791 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.05 on a per share basis this quarter. Perhaps, that suggests something about why 1.76% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Calpine Corporation recorded a 52-week high of $15.16. It is now trading 0.050000000000001% off that level. The stock is trading $15.09 its 50-day moving average by -0.02%. The stock carved out a 52-week low down at $9.30.

In recent action, Calpine Corporation (CPN) has made a move of -0.13% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.35, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.43% with $356.83 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CPN.

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