Calpine Corp shares surged on Wednesday afternoon after a report that the US power company is exploring a sale.

The company, which owns and operates mostly natural gas and geothermal power plans in North America, was reported by Dow Jones to be exploring a sale and to have attracted interest from private-equity firms.

Its shares were up more than 13 per cent to $11.41 on the news.

Get alerts on Calpine Corp when a new story is published

Copyright The Financial Times Limited 2020. All rights reserved.
Reuse this content (opens in new window)

Comments have not been enabled for this article.

Follow the topics in this article