Calpine Stock Falls On Unusually High Volume (CPN)

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) is trading at unusually high volume Thursday with 5.1 million shares changing hands. It is currently at two times its average daily volume and trading down 63 cents (-3.3%) at $18.77 as of 1:51 p.m. ET.

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Calpine has a market cap of $9.21 billion and is part of the utilities sector and utilities industry. Shares are up 9.1% year to date as of the close of trading on Wednesday.

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 109.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Calpine as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Calpine Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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