TLN
Talen Energy Corp.
October 6, 2026 · market open
- Rarity
- 2.16
- Peak move
- +13.67%
- Float cap
- $15.1B
Talen Energy Corp. is an independent power producer and energy infrastructure company that owns and operates about 13.1 GW of generation in the United States, including nuclear and dispatchable fossil assets. It sells electricity, capacity, and ancillary services into wholesale U.S. power markets, primarily in the Mid-Atlantic, Ohio, and Montana. The company also serves growing digital infrastructure demand, including data centers.
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What we found
6 events · 0 from SEC or newswire · 1 timed with the move- Timed with the move
peer_disclosureConstellation Energy and Google announced a 20-year power purchase agreement for 890 MW of new nuclear capacity from uprates at 11 Constellation units in Illinois, Pennsylvania and New Jersey, plus a 15-year agreement for 2,700 MW in PJM, supporting over $4.3 billion of Constellation investment.
analyst_ratingMorgan Stanley maintained an Overweight rating on Talen Energy and raised its price target to $514.
buybackTalen Energy entered $1.5 billion of accelerated share repurchase agreements expected to complete by the end of Q1 2027 and raised its remaining share repurchase capacity to $3 billion through Dec. 31, 2028, funded by monetizing about $1.5 billion of cleared PJM capacity revenues.
ceo_cfo_departureTalen Energy said CEO Mac McFarland will step down at the end of 2026, remaining as a senior advisor until his retirement in March 2027, with president Terry Nutt named to succeed him as CEO effective Jan. 1, 2027.
guidance_changeTalen Energy guided to approximately $4 billion of adjusted free cash flow from the second half of 2026 through the end of 2028, about $2.8 billion after accounting for monetized capacity revenues, and said it expects to reach its 3.5x net leverage target in the second half of 2027.
financial_regulatoryFERC accepted but suspended PJM Interconnection's Reliability Backstop Procurement, a one-time auction to cover a 6,831 MW capacity shortfall after the 2028/2029 base residual auction, until Feb. 28, 2027, citing cost-allocation and collateral concerns; PJM suspended the auction the next day.