Evercore ISI analyst Nicholas Amicucci has reiterated their bullish stance on TLN stock, giving a Buy rating on August 26.
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Nicholas Amicucci has given his Buy rating due to a combination of factors that highlight Talen Energy Corp’s potential for growth and value. The company’s recent Virtual Investor Update presented a 2026 guidance and 2027-2028 outlooks, which Amicucci views as conservative, suggesting room for upside. Talen’s strategy includes a significant share repurchase program, which is expected to enhance free cash flow per share by approximately 40%, alongside other strategic initiatives such as accelerated AWS PPA, accretive M&A, and a new 1GW data center PPA.
Furthermore, Talen’s hedging strategy provides an asymmetric return profile by protecting against downside risks while maintaining exposure to potential gains. With approximately 50% of its generation volume hedged in 2026 and 25% in 2027, the company is well-positioned to capitalize on market conditions. Amicucci also highlights Talen’s attractive asset portfolio within the PJM region, which offers multiple opportunities for long-term PPA agreements. These factors, combined with a raised price target and the potential for near-term buying opportunities, underpin Amicucci’s positive outlook on Talen shares.
In another report released on August 26, Oppenheimer also maintained a Buy rating on the stock with a $405.00 price target.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TLN in relation to earlier this year.