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TLN

Talen Energy Corporation

https://www.talenenergy.com

Industry

Independent Power Producers

Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States. The company operates nuclear, fossil, solar, and coal power plants. It is also developing battery storage projects. The company owns and operates approximately 10.7 GW of power infrastructure. Talen Energy Corporation is headquartered in Houston, Texas.

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Talen Energy's request for a rehearing on amendments to the Susquehanna ISA was deferred by FERC. The amendments aimed to increase load capacity at Talen's Susquehanna facility.

Portfolio Pulse from

December 23, 2024 | 4:00 pm

Talen Energy Corporation has successfully completed refinancing transactions that improve its debt structure and reduce financing costs. The company has repriced its revolving credit facility and Term B loans, issued a new secured LC facility, and repaid Term C loans, resulting in expected annual savings of $28 million.

Portfolio Pulse from

December 20, 2024 | 1:45 pm

Talen Energy Corporation has completed an $850 million incremental Term Loan B financing and repurchased an equivalent value of its common stock from Rubric Capital Management affiliates.

Portfolio Pulse from

December 13, 2024 | 9:30 pm

Talen Energy Corporation has increased its Term Loan B credit facility from $600 million to $850 million and announced a related repurchase of common stock.

Portfolio Pulse from

December 10, 2024 | 9:30 pm

Talen Energy Corporation has announced a $600 million Term Loan B financing, increasing its total Term Loan B balance to approximately $1.459 billion. The company also plans to replace its Term Loan C facility with a new letter of credit facility.

Portfolio Pulse from

December 05, 2024 | 12:15 pm

Talen Energy's stock has surged over 200% YTD, despite regulatory challenges with its nuclear power deal with Amazon. The company's post-bankruptcy turnaround, deleveraged balance sheet, positive earnings projections, and significant share buybacks contribute to a bullish outlook.

Portfolio Pulse from

November 28, 2024 | 5:00 am

Talen Energy is maintaining its momentum despite facing regulatory challenges. The Sierra Club's criticism of the PJM auction highlights a misunderstanding of energy markets. Over 60% of near-term generation in the PJM market is solar, with a low capacity factor. The price target for Talen Energy has been raised to $300/share, indicating a 40% upside.

Portfolio Pulse from

November 25, 2024 | 4:15 pm

Talen Energy Corporation held its Q3 2024 earnings call, discussing financial results and strategic ventures. Key participants included CEO Mac McFarland and CFO Terry Nutt, with analysts from Guggenheim, JPMorgan, Seaport, Barclays, and Wolfe attending.

Portfolio Pulse from

November 14, 2024 | 7:00 pm

Barclays analyst Nicholas Campanella maintains an Overweight rating on Talen Energy (NASDAQ:TLN) but lowers the price target from $207 to $202.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:01 pm

JP Morgan has initiated coverage on Talen Energy with an Overweight rating and set a price target of $268.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:18 pm

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