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Last $16.63 USD
Change Today -0.05 / -0.30%
Volume 4.8M
CPN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

calpine corp (CPN) Snapshot

Open
$16.65
Previous Close
$16.68
Day High
$16.77
Day Low
$16.57
52 Week High
11/10/14 - $24.37
52 Week Low
07/27/15 - $16.51
Market Cap
6.2B
Average Volume 10 Days
5.6M
EPS TTM
$0.50
Shares Outstanding
372.3M
EX-Date
--
P/E TM
33.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for CALPINE CORP (CPN)

calpine corp (CPN) Related Businessweek News

No Related Businessweek News Found

calpine corp (CPN) Details

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.

2,052 Employees
Last Reported Date: 02/13/15
Founded in 1984

calpine corp (CPN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $895.9K
Executive Chairman
Total Annual Compensation: $913.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $594.6K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $816.5K
Executive Vice President of Power Operations
Total Annual Compensation: $405.2K
Compensation as of Fiscal Year 2014.

calpine corp (CPN) Key Developments

Calpine Corp. Closes $1.6 Billion First Lien Term Loan

Calpine Corp. announced that it has closed on a $1.6 billion first lien term loan. The Term Loan, which amortizes at a rate of 1% per year, bears interest at LIBOR plus 2.75% per annum (subject to a LIBOR floor of 0.75%) and matures in 2022. The company utilized the proceeds of the Term Loan to retire approximately $1.6 billion remaining on its 2018 first lien term loan which bore interest at a rate of LIBOR plus 3% per annum (subject to a LIBOR floor of 1%). As a result of this transaction, the company have reduced annual interest expense and extended debt maturity profile by four years. Morgan Stanley, Goldman Sachs, Mitsubishi, Barclays and RBC acted as lead arrangers on the transaction.

Calpine Corp. Approves Amendments to Bylaws

The shareholders of Calpine Corp. approved the amendment and restatement of the company's bylaws to implement majority voting in uncontested director elections, at the AGM held on May 13, 2015.

Calpine Corporation Names W.G. Griggs III Executive Vice President and Chief Commercial Officer, Effective June 1, 2015

Calpine Corporation has named W.G. “Trey” Griggs III its Executive Vice President and Chief Commercial Officer effective June 1, 2015. Previously Mr. Griggs was a Managing Director at Goldman Sachs & Co. At Calpine, Mr. Griggs will have responsibility for the trading, origination, development and commercial analytics groups and will report to Calpine’s Chief Executive Officer. For the past four years, Mr. Griggs led Goldman Sachs’ North American Energy Risk Management activities and the Houston Trading Office. Prior to that, he served in various roles with the Goldman Sachs commodities group in New York. The company also announced succession plans for Jim Deidiker, Senior Vice President and Chief Accounting Officer (CAO), who is planning to retire. Jeff Koshkin, currently Vice President and Controller, will succeed Mr. Deidiker on August 1, 2015. Mr. Deidiker has agreed to remain at the company in a consultative capacity until March 15, 2016.

 

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Industry Analysis

CPN

Industry Average

Valuation CPN Industry Range
Price/Earnings 7.0x
Price/Sales 0.9x
Price/Book 2.0x
Price/Cash Flow 4.0x
TEV/Sales NM Not Meaningful
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