Talen Energy (OTCMKTS:TLNE) Reaches New 1-Year High at $104.99

Talen Energy Co. (OTCMKTS:TLNE)’s stock price reached a new 52-week high on Monday . The stock traded as high as $104.99 and last traded at $104.10, with a volume of 548358 shares. The stock had previously closed at $101.25.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TLNE shares. Wolfe Research began coverage on shares of Talen Energy in a report on Friday, February 16th. They issued an “outperform” rating and a $81.00 price objective for the company. BWS Financial lifted their price objective on Talen Energy from $96.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th.

Talen Energy Stock Up 2.6 %

The company has a quick ratio of 2.43, a current ratio of 3.20 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $92.17.

Talen Energy (OTCMKTS:TLNE) last released its earnings results on Thursday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.34. The business had revenue of $527.00 million during the quarter, compared to the consensus estimate of $507.00 million. Equities research analysts expect that Talen Energy Co. will post 2.08 EPS for the current fiscal year.

About Talen Energy

Talen Energy Corporation, together with its subsidiaries, operates as a power generation and infrastructure company in the United States. The company operates in two segments: PJM, and ERCOT and WECC. It produces and sells electricity, capacity, and ancillary services. The company also operates nuclear, fossil, solar, gas, and coal power plants, as well as engages in marketing activities.