Pre-Market Scans on Electric Utilities Stocks -- Calpine, Xcel Energy, Duke Energy, and American Electric Power
PR Newswire - Wed Jun 15, 7:30AM CDT
On Tuesday, June 14, 2016, the NASDAQ Composite ended the trading session at 4,843.55, down 0.10%; the Dow Jones Industrial Average edged 0.33% lower to finish at 17,674.82; and the S&P 500 closed at 2,075.32, down 0.18%. Stock-Callers.com has initiated coverage on the following equities: Calpine Corporation (NYSE: CPN), Xcel Energy Inc. (NYSE: XEL), Duke Energy Corporation (NYSE: DUK), and American Electric Power Company Inc. (NYSE: AEP). Learn more about these stocks by accessing their free trade alerts at:
AEP: 67.26 (+0.67), XEL: 43.28 (+0.58), CPN: 13.70 (-0.48), DUK: 82.43 (+0.38)
Calpine Falls 1.12% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Tue Jun 14, 3:39PM CDT
Calpine (NYSE:CPN) traded in a range yesterday that spanned from a low of $13.93 to a high of $14.37. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $14.13 on volume of 3.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
CPN: 13.70 (-0.48)
Fitch Rates Calpine's New First-Lien Term Loan and Sr Secured Notes 'BB+'
BusinessWire - Tue Jun 07, 1:37PM CDT
Fitch Ratings has assigned a 'BB+' rating to Calpine Corp.'s $562 million first-lien term loan facility maturing May 31, 2023 and $625 million 5.25% senior secured notes due June 1, 2026. The term loan amortizes at 1% per year and is priced at L+300 basis points. The new term loan and the 2026 senior secured notes are secured equally and ratably by a first-priority lien on substantially all of Calpine's and certain of its guarantors existing and future assets. The new financings are pari passu with Calpine's existing first-lien debt including the revolving credit facility. Fitch has assigned a Recovery Rating (RR) of 'RR1' (implying 91% - 100% recovery) to the new financings. The Rating Outlook is Stable.
CPN: 13.70 (-0.48)
Calpine to Participate at the RBC Capital Markets' Global Energy and Power Executive Conference
BusinessWire - Fri Jun 03, 3:15PM CDT
Trey Griggs, Chief Commercial Officer, and Zamir Rauf, Chief Financial Officer, of Calpine Corporation (NYSE:CPN), will meet with institutional investors at the RBC Capital Markets' Global Energy and Power Executive Conference June 6, 2016, in New York City.
CPN: 13.70 (-0.48)
Calpine Corporation Announces Closings of Senior Secured Notes Offering and Term Loan Facility
BusinessWire - Tue May 31, 3:15PM CDT
Calpine Corporation (NYSE: CPN) today announced the closing of $1,187,000,000 of financings, including its previously disclosed private placement of $625,000,000 in aggregate principal amount of 5.250% Senior Secured Notes due 2026 and its $562,000,000 first lien term loan facility maturing in May 2023. The principal amount of the new term loan facility was increased from $500,000,000.
CPN: 13.70 (-0.48)
Calpine Corporation Announces Upsizing and Pricing of Senior Secured Notes Offering
BusinessWire - Tue May 24, 5:32PM CDT
Calpine Corporation (NYSE:CPN) today announced the pricing of $625,000,000 in aggregate principal amount of its 5.250% Senior Secured Notes due 2026 in a private placement. The aggregate principle amount of the notes offered was increased from $500,000,000. The offering is expected to close on May 31, 2016.
CPN: 13.70 (-0.48)
Calpine Corporation Announces Senior Secured Notes Offering
BusinessWire - Tue May 24, 10:08AM CDT
Calpine Corporation (NYSE:CPN) today announced that it intends to offer $500,000,000 in aggregate principal amount of Senior Secured Notes due 2026 in a private placement. The notes will be guaranteed by each of Calpine Corporation's current and future subsidiaries that is a guarantor under Calpine Corporation's first lien credit facilities. The notes and related guarantees will be secured equally and ratably with the indebtedness incurred under Calpine Corporation's first lien credit facilities and other indebtedness that is permitted to be secured by such assets, by a first-priority lien on substantially all of Calpine Corporation's and certain of the guarantors' existing and future assets, subject to certain exceptions and permitted liens.
CPN: 13.70 (-0.48)
Cheniere Energy names Jack Fusco as CEO
AP - Thu May 12, 9:20AM CDT
NEW YORK (AP) — Cheniere Energy has named Jack Fusco as CEO after the natural gas company's previous CEO was forced out under pressure from activist investor Carl Icahn.
CPN: 13.70 (-0.48)
Frank Cassidy Elected Chairman of Calpine Corporation Board of Directors
BusinessWire - Thu May 12, 7:15AM CDT
Calpine Corporation (NYSE:CPN) announced today that following its Annual Meeting of Shareholders yesterday, the Board of Directors elected Frank Cassidy as Chairman of the Board.
CPN: 13.70 (-0.48), PEG: 44.09 (-0.21)
Cheniere Energy, Inc. Announces Appointment of Jack A. Fusco as President and Chief Executive Officer
PR Newswire - Thu May 12, 7:00AM CDT
Cheniere Energy, Inc. ("Cheniere"
CPN: 13.70 (-0.48), LNG: 34.80 (-2.87)
Short Interest In Calpine Decreases By 21.3%
MarketNewsVideo.com - Mon May 02, 2:33PM CDT
The most recent short interest data has been released for the 04/15/2016 settlement date, which shows a 3,585,199 share decrease in total short interest for Calpine Corp , to 13,232,984.0, a decrease of 21.32% since 03/31/2016. Total short interest...
CPN: 13.70 (-0.48)
Calpine Reports First Quarter Results, Reaffirms 2016 Guidance
BusinessWire - Fri Apr 29, 5:00AM CDT
Calpine Corporation (NYSE: CPN):
CPN: 13.70 (-0.48)
Fitch Affirms Calpine's Ratings at 'B+'; Outlook Stable
BusinessWire - Tue Apr 26, 4:09PM CDT
Fitch Ratings has affirmed Calpine Corp.'s Long-term Issuer Default Rating (IDR) at 'B+'. The Rating Outlook is Stable. Fitch has affirmed Calpine's first lien senior secured debt at 'BB+' with a Recovery Rating (RR) of 'RR1' (implying 91% - 100% recovery). The first lien senior secured debt includes first lien term loans, first lien senior secured notes and the revolving credit facility, all of which are pari passu. Fitch has also affirmed Calpine's senior unsecured debt at 'BB-/RR3'. The 'RR3' rating implies a 51% - 70% recovery.
CPN: 13.70 (-0.48)
FirstEnergy Unit Files for Approval of Energy Efficiency Plan
A Clark - Zacks Investment Research - Mon Apr 18, 1:24PM CDT
FirstEnergy Corporation's (FE) Ohio utilities have sought approval from the Public Utilities Commission of Ohio for its proposed Energy Efficiency and Peak Demand Reduction Portfolio Plans
AT: 2.47 (unch), CPN: 13.70 (-0.48), FE: 32.88 (-0.28), BKH: 61.88 (-0.08)
Utility Stocks Poised for Q1 Earnings Beats amid Market Chaos
Zacks Equity Research - Zacks Investment Research - Thu Apr 14, 12:05PM CDT
Utility stocks are a sensible choice during times of chaos, largely due to the sector's defensive characteristics.
Stock Picking Strategy to Win Every Earnings Season
Zacks Equity Research - Zacks Investment Research - Tue Apr 12, 5:27PM CDT
We are running a great screen which will help you get into winning stocks ahead of every earnings season.
CPN: 13.70 (-0.48), INGN: 46.24 (-1.21), SGNT: 15.02 (-0.30), MTN: 135.43 (-5.43), PFSW: 9.93 (-0.61)
NextEra Energy Unit Builds Clean Energy Facility for $1.2B
Zacks Equity Research - Zacks Investment Research - Tue Apr 12, 10:30AM CDT
NextEra Energy's (NEE) subsidiary, Florida Power & Light Company (FPL), has expanded its renewable energy generation fleet with the commissioning of the Port Everglades Next Generation Clean Energy Center.
AT: 2.47 (unch), NEE: 123.80 (-0.01), CPN: 13.70 (-0.48), BKH: 61.88 (-0.08)
Champion Energy Services Now Offers Competitive Electricity Service to Maine and Connecticut Businesses
BusinessWire - Fri Apr 08, 7:55AM CDT
Champion Energy Services, one of the largest and fastest-growing retail electricity providers in the United States, has expanded its New England service territory and now offers electricity service to commercial and industrial customers in Maine and Connecticut.
CPN: 13.70 (-0.48)
Black Hills Upgraded to Strong Buy on Robust Q4 Results
Zacks Equity Research - Zacks Investment Research - Thu Apr 07, 12:55PM CDT
Black Hills Corporation (BKH) has been upgraded to Strong Buy, thanks to its consistent results and strategic acquisition.
AT: 2.47 (unch), CMS: 44.36 (+0.77), CPN: 13.70 (-0.48), BKH: 61.88 (-0.08)
FirstEnergy to Use New Equipment at Wampum Substation
Zacks Equity Research - Zacks Investment Research - Thu Apr 07, 10:00AM CDT
FirstEnergy Corporation's (FE) subsidiary, American Transmission Systems, Inc is expanding a substation in Wampum, PA for a total investment of $48 million.
AT: 2.47 (unch), CPN: 13.70 (-0.48), FE: 32.88 (-0.28), BKH: 61.88 (-0.08)