|Last Price$23.26||Day Change (%)-1.44%|
|Open Price$23.70||Day Change ($)-0.34|
|Day Range23.24–23.86||52-Week Range18.46–24.24|
As of Fri 07/11/2014 05:30 PM EST | USD
Calpine Corporation Announces Cash Tender Offers and Consent Solicitations for Its 7.875% Senior Secured Notes due 2020 and 7.50% Senior Secured Notes due 2021
Growing electricity demand in Texas, environmental legislation in California, federal emissions regulations, and increasing market uncertainty may help Calpine establish a moat.
California ISO Regional EIM Committee Meets, Nominates Chair
We still think that the ultimate outcome of Calpine's CPNLQ bankruptcy will be the current equityholders getting wiped out, so we reiterate our fair value estimate of zero. It's not that we think that Calpine's plants are worthless. In fact, Calpine's geothermal plants in California are very ...
We believe PPL is a good candidate at the right price for a core holding in an income portfolio.
Its discount to peers neglects its steady cash flows and option value.
Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.
Despite their near-term challenges, we still see upside.
Finally, utilities with good growth and attractive yields are on sale.
Interest rate fears leave several high-quality dividend-paying utilities looking cheap.