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Recent Changes in Calpine's Key Indicators

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Part 4
Recent Changes in Calpine's Key Indicators PART 4 OF 4

Analyst Recommendations and Price Targets for Calpine

Price targets

According to Wall Street analysts, Calpine’s (CPN) price target for the next year is $15.07. That implies an estimated rise of nearly 40.0% in one year from its current price of $10.77.

Of the 17 analysts tracking Calpine, eight have recommended a “buy” for the stock, three have recommended a “strong buy,” and six have recommended a “hold.” None of the analysts have given it a “sell” recommendation as of March 28, 2017.

According to Wall Street analysts, NRG Energy’s (NRG) price target for the next year is $20.36. That implies an estimated rise of nearly 12.0% in one year from its current price of $18.18.

Dynegy’s (DYN) price target for the next year is $11.79. That implies an estimated rise of nearly 56.0% in one year from its current price of $7.55.

Analyst Recommendations and Price Targets for Calpine

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The outlook for Calpine

Merchant power stocks could rise significantly over the next year. However, you should consider the risks associated with these stocks. Unlike broader utilities (XLU), merchant power player stocks often have high volatilities due to volatile earnings.

Falling load growth and rising capacities, particularly at competitive prices, will likely keep power prices sluggish. Energy demand management is expected to increase during peak demand periods and drag down independent power producers’ profits.

With the lack of growth in power demand, increasing power supply might not bode well for merchant power players. As a result, the current bleak picture for these players might become gloomier in the near future.

To learn more, read These S&P 500 Utilities Offer Big Upsides after the Rate Hike.

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