CPN, NRG And D, Pushing Utilities Sector Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,487 as of Wednesday, Sept. 18, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 930 issues advancing vs. 1,976 declining with 128 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 1.6%, and Centrais Eletricas Brasileiras ( EBR.B), down 1.1%. A company within the sector that increased today was Praxair ( PX), up 0.7%.

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 $0.29 (-1.5%) to $19.31 on light volume. Thus far, 696,104 shares of Calpine exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $19.19-$19.54 after having opened the day at $19.52 as compared to the previous trading day's close of $19.60.

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 $8.5 billion and is part of the utilities industry. Shares are up 6.6% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Calpine a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Calpine as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins. Get the full Calpine Ratings Report now.

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