BWS Financial Starts Talen Energy Corp (TLNE) at Buy, 'Powered to Run'

BWS Financial analyst Hamed Khorsand initiates coverage on Talen Energy Corp (OTC: TLNE) with a Buy rating and a price target of $96.00.

The analyst comments "We are initiating coverage of Talen Energy Corp. (TLNE) with a Buy Rating and $96 target. TLNE is an independent power producer that has emerged from Chapter 11 protection as a public company with the stock not reflecting the intrinsic value of the assets the Company owns. The reduced leverage profile of the business creates a valuation appeal. However, it is the catalyst from what TLNE could achieve at its Susquehanna nuclear plant that could enhance shareholder value. By the end of 2022, TLNE was carrying approximately $5.1 billion in debt. TLNE emerged Chapter 11 bankruptcy with approximately $2.9 billion in debt and 59.0 million shares of common stock outstanding. TLNE ended September 2023 with $244.0 million in cash. TLNE has been private for more than six years and is now trading on the OTC Markets making it likely that many investors have yet to hear about the Company. TLNE is not expected to uplist to a national exchange until the middle of 2024."

For an analyst ratings summary and ratings history on Talen Energy Corp click here. For more ratings news on Talen Energy Corp click here.

Shares of Talen Energy Corp closed at $64.00 yesterday.

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