Calpine was upgraded to hold from sell by TheStreet Ratings last Monday. TheStreet Ratings gives Calpine a C grade. The stock closed Friday at $18.18 and has risen 11.33% year to date.
Energy Capital will pay $15.25 per share in cash for Calpine.
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Calpine's acquisition of Noble Solutions will strengthen the company, and the company is well-positioned to address rising demand for clean energy.