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Talen Energy price target raised to $210 from $167 at Oppenheimer
The Fly

Talen Energy price target raised to $210 from $167 at Oppenheimer

Oppenheimer raised the firm’s price target on Talen Energy (TLN) to $210 from $167 and keeps an Outperform rating on the shares. The firm believes the continued need for reliable power and the increased appetite demonstrated by the hyperscalers could provide a multi-year tailwind to Talen. The recent Constellation Energy (CEG)/Microsoft (MSFT) deal is another positive development for nuclear asset owners and provides Oppenheimer greater confidence that AWS (AMZN) will take-down the entire 960MW available at Susquehanna. The firm further believes the amended ISA in front of FERC will be approved by 11/4, which would eliminate a potential risk to its upside thesis.

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