TLN — Talen Energy Corporation
Utilities · Utilities - Independent Power Producers
About Talen Energy Corporation
Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States. The company's plants generate power using a variety of fuels, such as nuclear, fossil, oil, natural gas, and coal power plants. It owns and operates approximately 13.1 GW of power infrastructure. Talen Energy Corporation was incorporated in 2014 and is headquartered in Houston, Texas.
Power producers & utilities
One bucket, two very different business models. Regulated utilities (Duke, Southern, Dominion, PSEG, Entergy) earn a government-set return on the grid they build; they are slow, defensive and rate-sensitive — bond-like stocks funding big capital programs. Independent power producers (Vistra, NRG, Talen) sell electricity at market prices, so tightening power markets flow straight into their earnings — which is why the IPPs re-rated violently when data-center demand met a grid short on capacity, while the regulated names barely moved. Know which model you own before reading a chart here: the IPPs trade like growth stocks with commodity torque, the utilities like interest-rate instruments with a capex story. Talen sells output from its Susquehanna nuclear plant to Amazon's data centers — the deal that kicked off the nuclear-AI trade.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | TLN |
| Company | Talen Energy Corporation |
| Price | $334.10 |
| Market cap | $16.0B |
| Sector / industry | Utilities / Utilities - Independent Power Producers |
| Analyst mean target | $469 (16 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-1%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($28.49). Run your own assumptions in the fair-value calculator.
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