Talen Energy (TLN)
Produces wholesale power from nuclear and gas assets, with long-term sales to Amazon.
Something off on this page? Send us feedback.
Produces electricity across a U.S. fleet anchored by the Susquehanna nuclear plant and a growing PJM gas portfolio. Revenue comes from wholesale energy, capacity, and ancillary services, alongside contracted nuclear power sales to Amazon; results depend on market rules, commodity relationships, plant availability, and transmission delivery.
Produces electricity from a U.S. fleet anchored by the Susquehanna nuclear plant and gas-fired generation in PJM, with additional coal exposure in Montana. Revenue comes from wholesale energy, capacity, and ancillary services, plus contracted nuclear power sales to Amazon.
Operations are concentrated in the Mid-Atlantic, Ohio, Indiana, and Montana. Nuclear output and dispatchable fossil generation serve wholesale markets, while plant operations and commodity hedging support participation in volatile merchant power markets.
Earnings depend on PJM market rules, commodity-price relationships, plant availability, and collateral demands from hedging. The Amazon agreement also relies on Susquehanna performance, nuclear oversight, and transmission delivery; recent gas-plant expansion adds acquisition integration and debt-management dependencies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $503 | Target: $514 |
| Aug 24, 2026 | New Street | Target | Target: — | Target: $405 |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $508 | Target: $503 |
| Aug 19, 2026 | BNP Paribas | Target | Target: — | Target: $560 |
| Aug 10, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $499 | Target: $509 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $231.0M · Total debt $9.57B · Total assets $15.07B · Shareholders' equity $1.62B
- Revenue
- $747.0M
- Operating income
- −$72.0M
- Net income
- −$92.0M
No dividends on record.
| Institutions | ≈ 100.75% | 48.27M shares | |
|---|---|---|---|
| 694 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.47% | 706.4K shares | |
| 17 holders · as of Jul 15, 2026 | |||
| Adds to | 102.22% | ||
47.91M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 102.22%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.09% | 4.36M | as of Jun 30, 2026 |
Rubric Capital Management LPInstitution | 7.52% | 3.60M | as of Jun 30, 2026 |
MFN Partners Management, LPInstitution | 6.26% | 3.00M | as of Jun 30, 2026 |
Ecp Controlco, LLCInstitution | 5.01% | 2.40M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.52% | 2.17M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Gizman I. Abbas | director | −2,600 | $380.00 |
- Constellation Energy
Largest overlap in merchant nuclear, gas, and large-load power supply
- Vistra
Broad PJM overlap across nuclear, gas, capacity, and hyperscaler PPAs
- NRG Energy
Scaled gas, PJM capacity, demand response, and large-load supply rival
- Dominion Energy
Large regulated PJM fleet and data-center power supplier in Virginia
- American Electric Power
PJM generation and take-or-pay large-load contracts in Ohio and Indiana
- Public Service Enterprise Group
Independent PJM nuclear fleet competing in baseload energy and capacity
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Talen Energy | $300.41 | +1.99% | $13.37B | — | 11.2 | 3.8 | +18.6% |
| Constellation Energy | $262.91 | −0.21% | $94.61B | 25.6 | 21.2 | 3.0 | +23.0% |
| Vistra | $139.36 | −0.75% | $47.34B | 23.6 | 14.8 | 3.0 | −5.5% |
| NRG Energy | $101.09 | −1.62% | $21.68B | 27.0 | 9.7 | 0.6 | +11.0% |
| Dominion Energy | $61.24 | −1.91% | $54.91B | 21.7 | 15.9 | 3.0 | +17.6% |
| American Electric Power | $118.01 | −1.88% | $65.47B | 20.8 | 17.7 | 2.9 | +7.0% |
| Public Service Enterprise Group | $67.59 | −2.21% | $34.44B | 17.2 | 15.1 | 2.7 | −9.0% |
| Median | 22.7 | 15.5 | 2.9 | +9.0% |