An issue of Talen Energy Corp (NYSE:TLN) debt rose 1.3% against its face value during trading on Wednesday. The high-yield issue of debt has a 9.5% coupon and will mature on July 15, 2022. The bonds in the issue are now trading at $95.25 and were trading at $90.50 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.
Shares of Talen Energy Corp (NYSE:TLN) remained flat at $14.00 during mid-day trading on Wednesday. The stock had a trading volume of 1,496,870 shares. Talen Energy Corp has a 52-week low of $7.24 and a 52-week high of $14.03. The firm has a 50-day moving average price of $14.00 and a 200-day moving average price of $13.93.
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Talen Energy Corp Company Profile
Talen Energy Corporation is a United States-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.
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