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Wholesale utility play, Calpine Corporation (CPN) closed its Broad River Energy Center divestiture for an amount of $427 million plus adjustments (roughly $504 per kilowatt) to Broad River Power LLC, an associate of Energy Capital Partners LLC. Calpine received the go-ahead for the sale from the Federal Energy Regulatory Commission (“FERC”) on December 18, 2012. The [...]

Earnings Overview for Calpine Corporation (CPN) upcoming performance release Calpine Corporation (CPN) is anticipated to report earnings before the opening bell on October 28, 2011. CPN trades an average of 2.8 million shares per day. Calpine Corporation, an independent wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. The company [...]

BANGKOK, 12 August 2011 – Central Lat Phrao Shopping Complex will reopen on 28 August 2011 after it has been closed for renovation several months ago, according to Central Pattana Group (CPN). CPN Senior Executive Vice President for Finance, Accounting and Property Management Naris Choeyklin stated that the renovation is progressing very well, and [...]

Evergreen Energy Inc. (NYSE:EEE) witnessed the correction of 12.50% and closed at $0.70 whereas overall traded volume stood at 1.32 million shares for the day. The relative strength index arrives at 51.86 times till its last trading session. The current market price is 10.42% less than its last 50 days simple moving average. RRI Energy, [...]

Shares of Calpine Corporation (NYSE: CPN) are lower on the session by 0.48%, currently trading at $12.48. The stock has been moving largely lower over the past three months and is now testing the 200-day moving average. Options traders are buying calls on the name today. A short while ago the January 2011 $12.50 call was purchased 2,000 times, on the offer, on open interest of 17,547 contracts. Overall call volume is now running at 2.01x the daily average, 99% on the offer. Calpine...

Shares of Calpine Corporation (NYSE: CPN) are higher on the session by 1.45%, currently trading at $12.63. The stock has been moving largely lower over the past five months, though is now sitting on support, via the 200-day moving average. Options traders are betting that shares could run higher from these levels. A short while ago the January 2011 $12.50 and $14.00 call were purchased, 1,200 times and 2,500 times respectively, on the offer. Volume did not exceed open interest on either...

It is with profound sadness that Calpine Corporation (NYSE: CPN) announces the death of William J. Patterson, who has served as the non-executive Chairman of Calpine's Board of Directors since January 2008. Mr. Patterson passed away on September 24 surrounded by his family. “Bill was a gentleman and an astute investor whose strong leadership helped guide Calpine's Board of Directors over the last two years. We at Calpine will very much miss his advice and counsel,” said Jack Fusco,...

Deutsche Bank says that Calpine Corporation (NYSE: CPN) is a top pick in the electric utilities & power space, and is reiterating its Buy rating as a result. It has a $15 price target on shares. In the research note, Deutsche Bank writes, "We cut NRG to Sell from Hold and reiterate our Buy on CPN. This aligns with our new commodity outlook as CPN is the least sensitive IPP to gas prices and NRG the most. Our NRG downgrade is based on a much weaker and declining outlook, our view the STP...

Public Service Company of Colorado (PSCo), a subsidiary of Xcel Energy Inc. (XEL), has agreed to buy two Colorado power plants of Calpine Corporation (CPN) for $739 million. The two power plants near Denver currently provide power to PSCo under power purchase agreements. The plants to be purchased are the 621-megawatt Rocky Mountain Energy Center located [...]

In an amended 13D filed with the SEC, Philip Falcone's hedge fund Harbinger Capital Partners is now showing a 2.21% ownership stake in Calpine (CPN) with 10,000,000 shares. The filing was made due to activity on March 3rd, 2010 and the fine print reads, "This amount consists of Shares that the Reporting Person may be entitled to obtain upon the exercise of options." Digging into the filing further, we see that Harbinger has acquired options that are exercisable into shares within 60 days...

Philip Falcone's hedge fund firm Harbinger Capital Partners has been quite busy as of late. In particular, they've been unloading Calpine shares (CPN). This time is no different as they sold even more shares just a few days ago. Per an amended 13D filing with the SEC, Harbinger Capital Partners is now showing a 6.78% ownership stake in Calpine with 30,000,000 shares remaining. Breaking it down, we see that 20 million of those shares are held in their Master Fund and 10 million are held in...

Philip Falcone's hedge fund Harbinger Capital Partners has filed two form 4's and an amended 13D with the SEC recently to detail changes to their position in Calpine (CPN). Simply put, they've sold a lot of shares and below you'll find screenshots of the transactions taken directly from the SEC filings: (click to enlarge) Additionally: (click to enlarge) After all was said and done, it appears that Falcone's hedge fund still owns over 14 million shares of CPN. We also want to...

Philip Falcone's hedge fund firm Harbinger Capital Partners has recently filed two separate Form 4's with the SEC on Calpine (CPN). In the filings, we see that Harbinger has sold a total of 647,221 shares. On December 7th, they sold 85,600 shares at a price of $11.03. On December 2nd, they sold 336,000 shares at a price of $11.24. The next day on December 3rd, they sold 65,269 shares at a price of $11.19. Lastly, on December 4th, they sold 160,352 shares at $11.02. After all was said...

Our last post on Philip Falcone's hedge fund Harbinger Capital Partners noted that they were offering up shares of their Calpine (CPN) stake. They just filed another amended 13D with the SEC to disclose that the offering was consummated on September 28th, 2009. After the public offering, Harbinger now shows a 15.1% ownership stake in Calpine with 66,980,047 shares. Additionally, Falcone's fund filed a Form 4 with the SEC to disclose the sales of their shares. On the 28th of September,...

If you're getting tired of reading about Philip Falcone's hedge fund Harbinger Capital Partners, we don't blame you. It's just that they've adjusted their portfolio so much recently that we've got a never ending flow of SEC filings. Earlier this morning we noted that one of their holdings, SkyTerra, was going private in a transaction that involved Harbinger in a new entity. Then earlier this week we also noted that they were selling shares of The New York Times (NYT) and Leap Wireless...

MarketWatch - Harbinger Capital, a big hedge-fund firm run by Philip Falcone, is selling 20 million shares of power company Calpine Corp. Harbinger Capital Partners Master Fund I Ltd. is selling the stock in a public secondary offering underwritten by Morgan Stanley, Calpine said in a statement late Tuesday. Harbinger plans to grant Morgan Stanley the option [...]

Undoubtedly, some of you are tired of hearing about Harbinger by now. But, when a large firm is this active, it gives us more to write about and as such we are happy to cover the developments. Literally last Thursday (4/23), we wrote about how Harbinger added to their Terrestar (TSTR) position. In that same article we also detail how they have been selling shares of Solutia (SOA). Yet, just a few days later, we have even more activity to cover. (Readers can view the rest of Harbinger's...

CNNMoney.com- Hedge funds hate to see their names in the headlines, but lately, they've been the ones breaking the news about companies they invest in. Daniel Loeb's Third Point LLC disclosed in a Monday regulatory filing that Maguire Properties Inc. (MPG) had received a buyout offer for about $20 a share, a level the [...]

A merger that would have united the two largest U.S. independent power producers has hit a roadblock.Calpine Corp. (CPN) has rejected NRG Energy Inc.’s (NRG) initial offer, saying the 0.534 shares for each share of Calpine’s approximately 500 million shares outstanding is inadequate."I don’t think anyone should be surprised by Calpine’s announcement," Gordon Howald, [...]

Princeton, NJ- based NRG Energy Inc. (NRG) has publicly acknowledged its estimated $11.3 billion takeover bid for Calpine Corp. (CPN) - a wholesale provider of electricity emerging from chapter 11 bankruptcy protection.NRG acknowledged Wednesday that it made the initial $22.98 a share offer on May 14. NRG said the deal assumes Calpine had 500 [...]