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Stock Market & Financial Investment News

News Breaks
July 3, 2014
11:45 EDTCPNCalpine completes sale of power plants, expects Q3 net book gain of $750M
Calpine completed the previously announced sale of six power plants to an affiliate of LS Power for $1.57B. Calpine expects to record a net book gain of approximately $750M in Q3 as a result of the sale. Taxable gains are expected to be almost entirely offset by federal and state net operating losses. The transaction is expected to result in net cash proceeds of approximately $1.53B, which the company intends to allocate in a balanced manner that is accretive to adjusted free cash flow per share.
News For CPN From The Last 14 Days
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July 31, 2015
10:02 EDTCPNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ACE Limited (ACE) upgraded to Outperform at Bernstein on Chubb deal potential... Aixtron (AIXG) upgraded to Outperform from Neutral at Exane BNP Paribas... Anglo American (AAUKY) upgraded to Neutral from Underperform at Exane BNP Paribas... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... Autoliv (ALV) upgraded to Outperform from Neutral at Credit Suisse... Barrick Gold (ABX) upgraded to Hold from Sell at Canaccord... California Water Service (CWT) upgraded to Buy from Neutral at Hilliard Lyons... Calpine (CPN) upgraded to Buy from Hold at Evercore ISI... CenturyLink (CTL) upgraded to Hold from Underperform at Jefferies... China Unicom (CHU) upgraded to Hold from Reduce at HSBC... Chubb (CB) upgraded to Outperform from Market Perform at Bernstein... Delphi (DLPH) upgraded to Buy from Outperform at CLSA... Diebold (DBD) upgraded to Outperform from Neutral at Wedbush... Discovery (DISCA) upgraded to Neutral from Sell at UBS... Eldorado Gold (EGO) upgraded to Buy at Canaccord... GoPro (GPRO) upgraded to Buy with $90 price target at Citi... Guidance Software (GUID) upgraded to Buy from Hold at Gabelli... H&E Equipment (HEES) upgraded to Buy from Neutral at UBS... Integra LifeSciences (IART) upgraded to Overweight from Neutral at JPMorgan... Lenovo (LNVGY) upgraded to Hold from Underperform at Jefferies... Methanex (MEOH) upgraded to Buy from Hold at TD Securities... Molina Healthcare (MOH) upgraded on strong results at Stifel... NCI, Inc. (NCIT) upgraded to Outperform from Market Perform at Cowen... Nationstar (NSM) upgraded to Market Perform from Underperform at FBR Capital... NetScout (NTCT) upgraded at Sterne Agee CRT... Pacira (PCRX) upgraded to Neutral from Underperform at BofA/Merrill... Premiere Global (PGI) upgraded to Strong Buy from Outperform at Raymond James... Regal Entertainment (RGC) upgraded to Outperform from Neutral at Wedbush... ResMed (RMD) upgraded to Overweight from Equal Weight at Morgan Stanley... RingCentral (RNG) upgraded to Strong Buy from Outperform at Raymond James... Robert Half (RHI) upgraded to Buy from Hold at Jefferies... SkyWest (SKYW) upgraded to Buy from Hold at Evercore ISI... Stratasys (SSYS) upgraded to Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Buy from Hold at Argus... Western Union (WU) upgraded to Equal Weight from Underweight at Barclays... Yahoo Japan (YAHOY) upgraded to Buy from Hold at Jefferies... eHealth (EHTH) upgraded to Neutral from Underperform at BofA/Merrill.
06:03 EDTCPNCalpine upgraded to Buy from Hold at Evercore ISI
July 30, 2015
06:15 EDTCPNCalpine sees FY15 adjusted EBITDA $1.95B-$2.05B
Sees FY15 adjusted free cash flow $840M-$940M.
06:14 EDTCPNCalpine reports Q2 EPS 5c, may not be comparable to consensus (5c)
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July 20, 2015
13:20 EDTCPNOptions with increasing put volume: CPN AKS HST BEN TTM
10:01 EDTCPNCalpine to acquire Champion Energy Marketing for $240M
Calpine Corporation and Champion Energy Marketing, LLC, announced that they have entered into an agreement for Calpine to purchase Champion, a retail electric provider, for $240M, subject to working capital adjustments. Based in Houston, Champion is expected to serve approximately 22 TWh of residential, commercial and industrial customer load in 2015, concentrated in Texas and the Northeast U.S. where Calpine has a substantial power generation presence. Champion will continue to operate under the Champion brand after the transaction closes. Calpine will acquire the business from Champion Energy Holdings, a subsidiary of Crane Holding Companies, which owns a 75% interest, and EDF Trading North America, which owns a 25% interest. Calpine intends to fund the acquisition with cash on hand. The transaction, which is expected to close by the fourth quarter of 2015, is subject to customary closing conditions and approval from the Federal Energy Regulatory Commission.
09:33 EDTCPNCalpine downgraded to Buy from Conviction Buy at Goldman
Goldman removed Calpine from the Conviction Buy List given near-term risk to consensus estimates and lowered quarterly EBITDA estimates. Shares remain Buy rated with a $23 price target, down from $25.

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