TLN
Talen Energy Corporation Common Stock
About: Talen Energy Corp is an independent power producer and infrastructure company. The company owns and operates approximately 10.7 gigawatts of power infrastructure in the United States. The group produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, including PJM and WECC, with its generation fleet located in the Mid-Atlantic and Montana.
Employees: 4,981
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
10,900% more first-time investments, than exits
New positions opened: 220 | Existing positions closed: 2
3,513% more capital invested
Capital invested by funds: $258M [Q2] → $9.32B (+$9.06B) [Q3]
1,817% more funds holding
Funds holding: 12 [Q2] → 230 (+218) [Q3]
1,200% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 39 (+36) [Q3]
97.57% more ownership
Funds ownership: 1.81% [Q2] → 99.38% (+97.57%) [Q3]
47% more call options, than puts
Call options by funds: $89.1M | Put options by funds: $60.4M
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$233
18%
upside
Avg. target
$247
25%
upside
High target
$268
36%
upside
6 analyst ratings
6 positive
100%
0 neutral
0%
0 negative
0%
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target | 24%upside $245 | Overweight Maintained | 13 Dec 2024 |
Oppenheimer Ian Zaffino 65% 1-year accuracy 20 / 31 met price target | 27%upside $250 | Outperform Maintained | 9 Dec 2024 |
UBS William Appicelli 56% 1-year accuracy 5 / 9 met price target | 23%upside $242 | Buy Maintained | 15 Nov 2024 |
JP Morgan Jeremy Tonet 62% 1-year accuracy 18 / 29 met price target | 36%upside $268 | Overweight Initiated | 17 Oct 2024 |
Guggenheim Shahriar Pourreza 74% 1-year accuracy 14 / 19 met price target | 25%upside $246 | Buy Maintained | 8 Oct 2024 |
Financial journalist opinion
Based on 6 articles about TLN published over the past 30 days
Neutral
GlobeNewsWire
1 day ago
Talen Energy Corporation Announces Successful Completion of Refinancing Transactions
HOUSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has closed on several financing transactions (the “Transactions”) that improve the Company's debt structure and financing cost. The Transactions include: (i) repricing the Company's existing $700 million revolving credit facility (the “Revolver”) to reduce the current interest rate margin by 100 basis points (to SOFR plus 200 basis points, with further leverage-based step downs available), extending the maturity of the Revolver from May 2028 to December 2029, and increasing available letter of credit (“LC”) capacity under the Revolver from $475 million to $700 million; (ii) repricing its existing $859 million in Term B loans (the “Existing TLB”) to reduce the current interest rate margin by 100 basis points (to SOFR plus 250 basis points, with further leverage-based step downs available) to align pricing with its recently issued $850 million in incremental Term B loans (the “Incremental TLB”); (iii) issuing a new, standalone $900 million secured LC facility (the “New LC Facility”); (iv) repaying in full its existing $470 million in Term C loans and terminating the associated LC facility; and (v) terminating its existing $75 million standalone bilateral LC facility. Together, the Transactions are expected to result in annual savings of approximately $28 million in interest, fees, and other expenses, not including additional interest from the Incremental TLB. In conjunction with the Transactions, Talen obtained certain amendments increasing its flexibility for restricted payments, investments, and dispositions under its primary credit agreement, which governs the Revolver, Existing TLB, Incremental TLB, and New LC Facility.
Neutral
GlobeNewsWire
1 week ago
Talen Energy Corporation Announces Closing of Incremental Term Loan B Financing and Related Repurchase of Common Stock
HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has closed on its previously announced $850 million incremental Term Loan B credit facility (the “Financing”) and the repurchase (the “Repurchase”) of an equivalent value of shares of Talen's outstanding Talen common stock, par value $0.001 per share (“Common Stock”) from affiliates of Rubric Capital Management LP (collectively, “Rubric”).
Neutral
GlobeNewsWire
1 week ago
Talen Energy Corporation Announces Upsize of Term Loan B Financing and Related Repurchase of Common Stock
HOUSTON, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN ) announced today that the Company has upsized its previously announced incremental Term Loan B credit facility from $600 million to $850 million (the “Upsize”).
Neutral
GlobeNewsWire
2 weeks ago
Talen Energy Corporation Announces Launch of $600 Million Term Loan B Financing and Repurchase of Common Stock
HOUSTON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has launched an incremental Term Loan B credit facility (the “Financing”) that will increase the principal Term Loan B balance under its credit facilities from $859 million to approximately $1.459 billion. The Company also expects to replace its existing Term Loan C facility with a new letter of credit facility.
Positive
Seeking Alpha
3 weeks ago
Talen Energy: A Comeback That's Bigger Than The Setback
Talen Energy's stock is up over 200% YTD, despite the setback to its nuclear power deal with Amazon on regulatory challenges, indicating other factors could be supporting it. The fundamentals certainly suggest so. The company's turnaround post-bankruptcy, with a deleveraged balance sheet and positive future earnings projections, supports a bullish outlook. Attractive market multiples, especially over the long term, and significant share buybacks further bolster the stock's performance and investor confidence.
Negative
Seeking Alpha
3 weeks ago
Talen Energy: Staying At Full Throttle Despite Regulatory Setbacks
The Sierra Clubs assert that the PJM auction is faulty displays its lack of understanding of energy markets. Over 60% of near-term generation that is under construction in the PJM market is solar, which has a capacity factor of only 12%. I have increased my price target to $300/share from $260/share. This implies 40% upside at current market prices.
Neutral
Seeking Alpha
1 month ago
Talen Energy Corporation (TLN) Q3 2024 Earnings Call Transcript
Talen Energy Corporation (NASDAQ:TLN ) Q3 2024 Results Conference Call November 14, 2024 10:00 AM ET Company Participants Ellen Liu - Senior Director, Investor Relations Mac McFarland - Chief Executive Officer Terry Nutt - Chief Financial Officer Cole Muller - Executive Vice President of Strategic Ventures John Wander - General Counsel Conference Call Participants Shar Pourreza - Guggenheim Jeremy Tonet - JPMorgan Angie Storozynski - Seaport Nicholas Campanella - Barclays Michael Sullivan - Wolfe Operator Ladies and gentlemen, thank you for standing by. Welcome to Talen Energy Corporation Third Quarter 2024 Earnings Call.
Positive
Barrons
1 month ago
Talen Energy Lifts Guidance. Stock Is Rising Even After Amazon Nuclear Deal Fell Through.
Talen's stock is rising after the electricity producer lifted the lower end of its Ebitda and free cash flow guidance.
Positive
Investors Business Daily
1 month ago
Nuclear Company Reports Earnings Fresh Off Regulators Rejecting Amazon Deal
Talen Energy has soared 226% this year. The post Nuclear Company Reports Earnings Fresh Off Regulators Rejecting Amazon Deal appeared first on Investor's Business Daily.
Positive
Invezz
1 month ago
Is Talen Energy stock still a buy after FERC blocks Amazon deal?
Talen Energy (NASDAQ: TLN) experienced a volatile session on November 4th after the US Federal Energy Regulatory Commission (FERC) rejected an amended interconnection agreement with Amazon's (NASDAQ: AMZN) data center. Initially, TLN's stock plunged 14% in premarket trading but recovered to close down by just 2.3%.
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