Calpine’s stock has been all over the place this year. Rumors started circulating of a potential private equity buyout at the end of last year and have escalated through mid-April and now things have gone quiet. That could mean that negotiations are ongoing or it could be that negotiations have stopped. In any case, it seems there is some profit taking going on which has sent the issue on a nearly 30% slide since April 25th.
We’ll keep monitoring the situation and will provide updates as they occur.