Calpine Surges on Sale Speculation
We are reaffirming our $19 fair value estimate, and our no-moat and positive moat trend ratings for Calpine after reports suggested that it has received interest from several private equity firms. Ultimately, we think Calpine is better suited in private hands given these investors' ability to stomach near-term volatility for long-term upside potential. Calpine currently trades at a 33% discount to our fair value estimate.We have long highlighted the growing disconnect between private market tra...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.