Talen Energy is an independent power producer and infrastructure business focusing on nuclear, fossil fuels, and green energy. Recent transactions, including selling assets and securing deals with Amazon, have positioned Talen Energy for growth and increased revenue. A surge in electricity prices in the PJM Interconnection market is expected to benefit TLN, making it a favorable investment opportunity.
An aggressive price hedging strategy in the northeast market could lead to a jump in cash flow and earnings. A US$1bn share buyback supports the stock price. The company has substantially de-risked its balance sheet, posting US$1.3bn in assets sales.