Talen Energy

TLN · NASDAQ

$349.43−$1.79 (−0.51%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $351.22

TLN analyst rating

BuyConsensus of 9 analysts over the last 12 months. 78% rate it a buy.

Strong buy0
Buy7
Hold2
Underperform0
Sell0

12-month price target · 20 analysts

Average $463.55 (+32.7% upside)

Low: $310.07
Now: $349.43
High: $588.00

Upgrades and downgrades

The latest rating actions, newest first

TLN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
CIBC	Oct 16, 2026	Initiates	Outperformer	$499.00	50%
Morgan Stanley	Sep 18, 2026	Maintains	Overweight	$503.00 → $514.00	52%
Mizuho	Aug 24, 2026	Initiates	Outperform	$405.00	57%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$508.00 → $503.00	52%
Wells Fargo	Aug 6, 2026	Maintains	Overweight	$482.00 → $501.00	52%
Barclays	Jul 28, 2026	Maintains	Overweight	$411.00 → $408.00	51%
Wells Fargo	Jul 27, 2026	Maintains	Overweight	$477.00 → $482.00	52%
Jefferies	Jul 20, 2026	Maintains	Hold	$453.00 → $422.00	53%
Scotiabank	Jul 15, 2026	Maintains	Sector Perform	$463.00 → $470.00	60%
Jefferies	Jun 23, 2026	Initiates	Hold	$453.00	53%

The case for and against

Updated Mar 16, 2025

Bull case

Talen Energy Corp is forecasted to experience substantial growth in EBITDA from 2024E to 2027E, driven by elevated capacity prices and improved energy margins, contributing to a robust outlook for the company's financial performance. With expected adjusted free cash flow growth over the next three years, Talen Energy is well-positioned to provide flexibility for returning capital to shareholders or reinvesting in its operations. Additionally, as a leader in the corporate Power Purchase Agreement (PPA) market, Talen Energy is set to enhance its contracting portfolio, ensuring long-term financial visibility and further bolstering its positive outlook.

Bear case

Talen Energy Corp faces significant challenges that contribute to a negative outlook on its stock, primarily stemming from falling capacity prices and tightening spark spreads, which are likely to depress margins and cash flow generation. The company's recent Chapter 11 bankruptcy filing highlights its precarious financial condition, exacerbated by rising gas prices and weak electricity markets that have eroded its cash position. Additionally, the potential for declines in upcoming capacity auctions, environmental regulation changes, and the risk of broader economic downturns pose serious threats to Talen Energy's financial stability and growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.