Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Calpine (NYSE: CPN) hit a new 52-week high Tuesday as it is currently trading at $19.03, above its previous 52-week high of $19.02 with 187,631 shares traded as of 10:11 a.m. ET. Average volume has been 2.8 million shares over the past 30 days. Calpine has a market cap of $8.76 billion and is part of the utilities sector and utilities industry. Shares are up 3.8% year to date as of the close of trading on Friday. Calpine Corporation, an independent wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines, as well as cogeneration power plants. The company has a P/E ratio of 104.7, above the S&P 500 P/E ratio of 17.7.
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