CPN, SRE And ED, 3 Utilities Stocks Pushing The Sector Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Utilities sector currently sits up 0.6% versus the S&P 500, which is up 0.2%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Calpine ( CPN) is one of the companies pushing the Utilities sector lower today. As of noon trading, Calpine is down $0.19 (-0.9%) to $20.46 on average volume. Thus far, 1.4 million shares of Calpine exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $20.41-$20.76 after having opened the day at $20.60 as compared to the previous trading day's close of $20.65.

Calpine Corporation, a 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. Calpine has a market cap of $9.6 billion and is part of the utilities industry. Shares are up 13.9% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Calpine a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Calpine as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. Get the full Calpine Ratings Report now.

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