Talen Energy Has Approved Upsizing Its Previously Announced Share Repurchase Program, Increasing Remaining Capacity To $1.25B
Portfolio Pulse from Benzinga Newsdesk
Talen Energy has increased its share repurchase program to $1.25 billion, allowing for further buybacks through Q4 2026. The company has already repurchased 14% of its shares for $931 million.
September 05, 2024 | 11:21 am
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Talen Energy has increased its share repurchase program to $1.25 billion, allowing for further buybacks through Q4 2026. The company has already repurchased 14% of its shares for $931 million.
The increase in the share repurchase program is a positive signal to the market, indicating confidence in the company's financial health and future prospects. This action is likely to support the stock price in the short term as it reduces the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100