TD Cowen initiated coverage with a $440 price target, citing the Calpine integration as a compelling contracting opportunity. Analyst Eli Mingos believes deals will continue. Jim Cramer discussed the stock, noting big hyperscalers are 'obsessed' with the company, but he personally views it as 'dangerously expensive.' Separately, the company announced the expiration and final results of private offers to exchange several series of outstanding senior notes.