Morgan Stanley raised the firm’s price target on Talen Energy (TLN) to $300 from $243 and keeps an Overweight rating on the shares after Talen announced an upsizing of the contract between Amazon Web Services (AMZN) and the company’s Susquehanna nuclear plant. Talen has line of sight to contracting nearly the entire plant through the early 2040s at premium prices, says the analyst, who still sees additional growth opportunities ahead.
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Read More on TLN:
- Talen Energy’s Strategic Contract Expansion with Amazon Web Services Boosts Growth Prospects and Valuation
- Amazon Nuclear Deal Helps Fuel 8% Leap in Talen Energy Stock (TLN)
- Talen Energy Expands Nuclear Partnership with AWS
- Talen Energy expands nuclear energy relationship with Amazon.com
- Talen Energy price target raised to $280 from $258 at BofA
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