Nehal Chopra’s New Stock Picks Include Pinnacle Foods Inc (PF), Zayo Group Holdings Inc (ZAYO), Calpine Corporation (CPN)

Chopra also initiated a position in Zayo Group Holdings Inc (NYSE:ZAYO) amounting to 1.80 million shares valued at $50.33 million. The bandwidth infrastructure company has a market cap of $6.41 billion and its shares have declined 14.73% year-to-date. Zayo Group Holdings Inc (NYSE:ZAYO) is using Hibernia Networks for 100G augmentation through Hibernia Express for its transatlantic network. After the completion of this project, Zayo Group Holdings Inc (NYSE:ZAYO)’s customers will be able to use a fast, secure, and diverse transatlantic network, with this project increasing Zayo’s current network reach. The network company announced quarterly revenue of $340.7 million in its first quarter of 2015, which was 21% higher on a year-over-year basis. SPO Advisory Corp and Glade Brook Capital Partners are among the primary investors of Zayo Group Holdings Inc (NYSE:ZAYO).

Calpine Corporation (NYSE:CPN) is the final new addition to the public equity portfolio of Ratan Capital Group, which owns 1.68 million shares of the company, valued at $38.42 million as of March 31. The power generation company has a market cap of $7.55 billion and its shares trade at a current P/E ratio of 8.57. Its shares have received an average “Buy” rating with a 1-year price target of $25.38. Calpine Corporation (NYSE:CPN) reported operating revenues of $1.65 billion for the first quarter of 2015, which represented a drop of 16.2% from the first quarter of 2014. At the same time, the power company was able to lower its losses to $10 million, a year-over-year reduction of 77.4%. Brahman Capital and Bill Miller‘s Legg Mason Capital Management hold positions in Calpine Corporation (NYSE:CPN).

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