tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Talen Energy price target raised to $330 from $300 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Talen Energy (TLN) to $330 from $300 and keeps an Overweight rating on the shares after the company announced the acquisition of the Moxie Freedom and Guernsey gas plants for $3.5B. The firm, which thinks the implied $520M EBITDA from these assets in 2026 rises closer to about $600M on a run-rate level, sees incremental baseload generation positioning Talen to potentially sign other data center deals and increasing its leverage to rising power prices.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1