Latest news with #Susquehanna
Yahoo
18 hours ago
- Business
- Yahoo
Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target
Penn Entertainment Inc. (NASDAQ:PENN) is among the 10 Best Casino Stocks To Buy Now. Susquehanna maintained a positive recommendation on Penn Entertainment Inc. (NASDAQ:PENN) and increased its price objective from $24 to $25 on June 10. The bright and neon lights of a glitzy casino, revealing the company's iCasino and gaming properties. The firm stated that the outcome of the impending proxy contest, which is anticipated to end by June 17, will probably be disappointing. Susquehanna does not expect any major strategy changes regardless of the result, but the analyst gives the appointment of two new board members a high possibility and the addition of three a low probability. Susquehanna acknowledged the recent mid-course correction in Penn Entertainment Inc. (NASDAQ:PENN)'s digital strategy, calling the change 'painful' and contributing to the stock's slow growth. Nonetheless, the management sees the change as a necessary realignment to set up the business for long-term success. The board overhaul is not anticipated to result in significant operational changes, despite temporary setbacks. The updated price target shows a little rise in optimism, based more on stabilization than revolutionary expansion. While we acknowledge the potential of PENN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Raymond James Initiates Coverage of Talen Energy Corporation (TLN) Stock, Gives Outperform
Talen Energy Corporation (NASDAQ:TLN) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Raymond James analyst J.R. Weston began coverage of the company's stock with an 'Outperform' rating and a price objective of $314. The analyst believes that the upcoming 2025-2026 auction might clear at the $325/MW-day cap, which can act as a near-term catalyst. With the current market momentum favoring acquirers, mainly with Talen Energy Corporation (NASDAQ:TLN)'s story and equity value fueled by the AWS deal, the company's M&A potential has been adding to the upside, according to Raymond James. An agricultural field full of solar panels, capturing the sun's energy for the company. As per the terms of a new power purchase agreement, Talen Energy Corporation (NASDAQ:TLN) plans to supply electricity to Amazon for operations supporting AI and other cloud technologies at Amazon's data center campus adjacent to Susquehanna, with the capability to deliver to other sites across Pennsylvania. Under the expanded PPA, at the full contract quantity, Talen Energy Corporation (NASDAQ:TLN) will offer Amazon 1,920 megawatts of carbon-free nuclear power through 2042, with options to further extend the duration. The power delivery schedule is expected to ramp over time, projecting to achieve full volume no later than 2032. Prosper Stars & Stripes, a long/short equity fund, recently released its Q1 2025 investor letter. Here is what the fund said: 'Talen Energy Corporation (NASDAQ:TLN) was the top contributor in the long book during the first quarter of 2025. Talen is an independent power producer ('IPP') with 10.7 gigawatts ('GW') of power producing assets in the 13 state mid-Atlantic region of the U.S. called the Pennsylvania-New Jersey-Maryland ('PJM') market. As mentioned in previous letters, the company's crown jewel asset is the 2.2 GW Susquehanna nuclear power plant. Talen signed a long-term power purchase agreement ('PPA') with Amazon Web Services ('AWS') for a total of 960 megawatts ('MW'). The first phase for up to 300 MW of power is in place; however, the additional phases are under review by the Federal Energy Regulatory Commission ('FERC'). Given the demand for clean energy and artificial intelligence ('AI') datacenters, we believe a positive resolution is likely, as the dispute centers on interconnect costs and grid reliability. There are only 3.6 GW of new gas-fired generation projects expected to come online by 2030 in the PJM market. Based on management's demand forecasts, this is not enough capacity to meet the expected needs of the market. Talen reached an agreement to extend the lives of its reliability-must-run ('RMR') assets Brandon Shores and H.A. Wagner to the end of the decade rather than ceasing operations in May 2025. These assets will receive fixed payments totaling $180 million annually for the life of the contract. RMR assets are designed to ensure there are fewer or no blackouts when the grid is stressed. We believe the scarcity value of Talen's assets, financial stewardship of its balance sheet and cash flows, and equity valuation support our price target of approximately $300 per share.' While we acknowledge the potential of TLN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TLN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target
Penn Entertainment Inc. (NASDAQ:PENN) is among the 10 Best Casino Stocks To Buy Now. Susquehanna maintained a positive recommendation on Penn Entertainment Inc. (NASDAQ:PENN) and increased its price objective from $24 to $25 on June 10. The bright and neon lights of a glitzy casino, revealing the company's iCasino and gaming properties. The firm stated that the outcome of the impending proxy contest, which is anticipated to end by June 17, will probably be disappointing. Susquehanna does not expect any major strategy changes regardless of the result, but the analyst gives the appointment of two new board members a high possibility and the addition of three a low probability. Susquehanna acknowledged the recent mid-course correction in Penn Entertainment Inc. (NASDAQ:PENN)'s digital strategy, calling the change 'painful' and contributing to the stock's slow growth. Nonetheless, the management sees the change as a necessary realignment to set up the business for long-term success. The board overhaul is not anticipated to result in significant operational changes, despite temporary setbacks. The updated price target shows a little rise in optimism, based more on stabilization than revolutionary expansion. While we acknowledge the potential of PENN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Susquehanna Raised the PT on Taiwan Semiconductor Manufacturing (TSM), Keeping a Buy Rating
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 12 Best Stocks to Buy and Hold for the Long Term. On June 17, Susquehanna raised the firm's price target on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $250 to $255 while keeping a Buy rating on the stock. The increased price target comes at a time when AI growth sentiment is weakening and global tariffs topped with geo-political uncertainties are posing challenges for the company. The firm noted recent checks indicate that increased demand for AI-related wafer shipments in Q2 is compensating for weaker shipments in the smartphone segment. Moreover, the surge in AI chip demand is a critical growth driver for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as advanced chips used in AI applications are seeing robust orders, even as traditional consumer electronics like smartphones face cyclical softness. A close-up of a complex network of integrated circuits used in logic semiconductors. Susquehanna also highlighted that TSM is likely to remain the only leading-edge foundry provider through at least 2027, thereby reassuring its market-leading position. Moreover, Ariel Global Fund also noted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q1 2025 investor letter, noting the company has a dominant share in the global foundry industry. Despite the recent shift in AI sentiment, the fund continues to see the company's earnings benefiting from long-term AI trends. Ariel Global Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q1 2025 investor letter: 'Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares declined on weakening sentiment regarding Artificial Intelligence (AI) growth, the impact of tariffs and global macroeconomic uncertainty. TSMC has a dominant share of the global foundry market and is an industry leader in terms of scale, technology, customer service and execution. As such, we expect the company's earnings will benefit from secular growth trends of AI longer-term. Meanwhile, TSMC remains committed to returning capital to shareholders through buybacks and dividends.' While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
5 days ago
- Climate
- Yahoo
NWS issues Flash Flood Warning
(WBRE/WYOU)— The National Weather Service (NWS) has issued a Flash Flood Warning for three counties. The NWS has issued a Flash Flood Warning for northern Lackawanna County, southwestern Susquehanna County, and Northeastern Wyoming County until 2:15 p.m. At 11:09a.m., Doppler radar indicated thunderstorms producing heavy rain across the warned area. Between one and two inches of rain has already fallen. Flash flooding is ongoing or expected to begin shortly. Some locations that will experience flash flooding include: Scranton, Carbondale, Tunkhannock, Montrose, Waverly, Archibald, Dickson City, Moosic, Clarks Summit, Rush, Mayfield, Springville, Clarks Green, Dalton, Factoryville, Nicholson, La Plume, Meshoppen, Hop Bottom and Little Meadows. As always the NWS warns drivers to always turn around when encountering flooded roads Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
