Talen Energy Corp

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q2 2025

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Talen Energy Corp. engages in the operation of power infrastructure. It produces and sells electricity, capacity, and ancillary services into wholesale power markets through its subsidiaries. The company was founded on July 2, 2014 and is headquartered in Houston, TX.

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.

Talen Energy Corporation Announces Successful Completion of Refinancing Transactions

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”).

Talen Energy Corporation Announces Closing of Incremental 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”).

Talen Energy Corporation Announces Upsize of Term Loan B Financing and Related 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.

Talen Energy Corporation Announces Launch of $600 Million Term Loan B Financing and Repurchase of Common Stock

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.

Talen Energy: A Comeback That's Bigger Than The Setback

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.

Talen Energy: Staying At Full Throttle Despite Regulatory Setbacks

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.

Talen Energy Corporation (TLN) Q3 2024 Earnings Call Transcript

Amazon

Talen's stock is rising after the electricity producer lifted the lower end of its Ebitda and free cash flow guidance.

Talen Energy Lifts Guidance. Stock Is Rising Even After Amazon Nuclear Deal Fell Through.

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.

Nuclear Company Reports Earnings Fresh Off Regulators Rejecting 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%.

Is Talen Energy stock still a buy after FERC blocks Amazon deal?

Constellation Energy Corp

Vistra Energy

Utility stocks are hurting amid news that the Federal Energy Regulatory Commission (FERC) rejected an amended interconnection service agreement between Amazon.com (AMZN) and Talen Energy (NASDAQ:TLN) at the latter's nuclear power plant.

3 Utility Stocks Suffering After Rejected Talen-Amazon Deal

After a key part of Amazon's (NASDAQ:AMZN) nuclear power deal with Talen Energy was rejected by the Federal Energy Regulatory Commission, UBS said investors in the sector should look "through the noise".  The decision, via a 2-1 vote by the FERC to reject the 480 MW interconnection services agreement between Amazon Web Services (AWS) and Talen, the companies can renegotiate a new agreement without significant delay, UBS said.

Rejection of Talen Energy's Amazon nuclear power deal is just 'noise', says analyst

Talen said it believed FERC had erred and was evaluating its options. The company can still restructure its expanded deal with Amazon, according to Oppenheimer analysts.

Nuclear-Power Companies Hit by U.S. Regulator's Rejection of Amazon-Talen Deal

HOUSTON, Nov. 03, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") (NASDAQ: TLN) released the following statement in response to Friday's Federal Energy Regulatory Commission (the “FERC”) order rejecting the amended Susquehanna Interconnection Service Agreement (“ISA”) between PJM Interconnection (“PJM”), PPL Electric Utilities (“PPL”), and Talen which would increase co-located load capacity at Talen's Susquehanna nuclear power generation facility from 300 megawatts to 480 megawatts:

Talen Energy Statement on FERC Order Rejecting Susquehanna ISA

Energy regulators rejected a deal for a Talon Energy nuclear plant to supply more power to an Amazon data center in Pennsylvania. Nuclear power stocks fell.

Nuclear Power Stocks Skid On This Regulatory Move

The stock has provided investors with a total return of 186% this year, and some analysts on Wall Street see a big upside remaining in the mid-cap utility stock.

Talen Energy: A Nuclear Power Stock That Can Keep Winning

Reflects Update to Previously Announced Date to Accommodate Schedules in the Investor Community, New Event Links Included

UPDATE - Talen Energy to Report Third Quarter 2024 Financial Results on November 14, 2024

Talen's aggressive commercial strategy and significant exposure to market electricity prices position it to benefit from high demand drivers like hot weather and AI data centers. The Amazon PPA, scaling up to 960MW by 2034, offers long-term incremental cash flow and enhances Talen's valuation and growth potential. Increased EBITDA guidance for 2025/2026 and a higher price target of US$220, driven by AI data center demand and a US$1.2bn buyback.

Talen Energy: High Voltage Growth

Talen Energy will massively benefit from improved PJM capacity auction prices, premium data center contracts with Amazon, and rising whole sale electricity prices. The company's Susquehanna Nuclear Station has downside protection through the Inflation Reduction Act, cementing a lucrative margin. Large increases in FCF are due to changing market conditions and requires little to no capital spending on TLN's part. TLN will be a beneficiary of an underinvested market.

Talen Energy: Own 2 Nuclear Plants With A Behind-The-Meter Data Center Contract For Massive Growth

U.S. utility firm Talen Energy said on Thursday it has bought TeraWulf's minority stake in a 200-megawatt (MW) bitcoin mining facility in Pennsylvania.

Talen Energy buys stake in nuclear-powered bitcoin mining campus

Talen Now Fully Owns and Controls the Nuclear-powered Bitcoin Mining Facility Talen Now Fully Owns and Controls the Nuclear-powered Bitcoin Mining Facility

Talen Energy Purchases TeraWulf's Minority Share in Nautilus Cryptomine

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Talen,TXNM and FuelCell have been highlighted in this Industry Outlook article.

Zacks Industry Talen,TXNM and FuelCell

The growing wind generation and electric vehicle market bodes well for the U.S. alternative energy stocks amid rising installation costs. You may buy TLN, TXNM and FCEL.

3 Alternative Energy Stocks to Buy Amid Rising Cost of Installation

HOUSTON, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, announced today that its board of directors has approved upsizing its previously announced share repurchase program, increasing remaining capacity to $1.25 billion.

Talen Energy Announces Increase in Share Repurchase Program Capacity

HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") (NASDAQ: TLN) an independent power producer dedicated to powering the future, announced today that development planning milestones contained in its previously announced agreement with Amazon Web Services (“AWS”) for the purchase of the Cumulus data center campus have been met. Cumulus Digital (a Talen subsidiary) has now received all funds previously held in escrow under the terms of the transaction.

News for Talen Energy Corp Stock (TLN)