Streetbeat News

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 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.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:21 am

Guggenheim has initiated coverage on Talen Energy with a Buy rating and set a price target of $169. This suggests a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:14 pm

BWS Financial analyst Hamed Khorsand maintains a Buy rating on Talen Energy (NASDAQ:TLN) with a $145 price target.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:44 pm

Tech stocks surged and Treasury yields fell on Tuesday following lower-than-expected producer inflation data, increasing expectations for Federal Reserve rate cuts. Major indices and ETFs saw significant movements, with notable performances from Starbucks, Chipotle, and Home Depot.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 4:55 pm

Talen Energy shares are trading higher following the company's better-than-expected Q2 revenue results and a year-over-year increase in Q2 EPS. Additionally, Talen Energy raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:52 pm

Talen Energy has announced that its crypto mining operations are not considered a strategic asset and the company is exploring alternatives for its coin business.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:45 pm

Talen Energy is proceeding with the initial buildout of an Amazon data center despite facing regulatory pushback.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:37 pm

Talen Energy has raised its 2024 guidance ranges, with a new adjusted EBITDA range of $720M-$780M and a new adjusted free cash flow range of $245M-$285M.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:33 pm

Talen Energy expects $670 million in PJM capacity revenues for the 2025/2026 planning year, which is $470 million higher than the previous planning year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:33 pm

Talen Energy (NASDAQ:TLN) reported a significant increase in Q2 earnings per share (EPS) to $7.60, up 1451.02% from $0.49 YoY. The company also reported quarterly sales of $489.00 million, beating the analyst estimate of $437.50 million by 11.77% and marking a 62.46% increase from $301.00 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:32 pm

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