Latest news with #Talen
Business Upturn
a day ago
- Business
- Business Upturn
Talen Energy Reports PJM Auction Results for the 2026/2027 Planning Year
By GlobeNewswire Published on July 23, 2025, 01:53 IST HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation ('Talen,' 'we,' or 'our') (NASDAQ: TLN), a leading independent power producer, today reported its results from the PJM Base Residual Auction for the 2026/2027 planning year. Talen cleared a total of 6,702 megawatts at a clearing price of $329.17 per megawatt-day across the MAAC, PPL and PSEG Locational Deliverability Areas, equating to approximately $805 million in capacity revenues for the 2026/2027 planning year. The planning year runs from June 1, 2026, through May 31, 2027. About Talen Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit Investor Relations: Sergio CastroVice President & Treasurer [email protected] Media: Taryne WilliamsDirector, Corporate Communications [email protected] Forward-Looking Statements This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecasts,' 'goal,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'will,' or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
05-07-2025
- Business
- Yahoo
Vistra Corp. (VST) Is Experiencing A Trend That 'Has Not Happened Since The 90s,' Says Jim Cramer
We recently published . Vistra Corp. (NYSE:VST) is one of the stocks Jim Cramer recently discussed. Vistra Corp. (NYSE:VST) is a sizable American electricity company whose shares have gained 28% year-to-date. The stock has benefited primarily from investor interest in AI and the expected increase in power demand. Vistra Corp. (NYSE:VST)'s presence in the nuclear power generation industry and its partnership with Microsoft have linked the stock's performance to AI-induced power demand in the US. However, the shares have lagged other AI energy plays such as Talen as investors have wondered about Vistra Corp. (NYSE:VST)'s ability to land major deals with big AI companies. Cramer commented on the stock in the context of an idea-driven market: 'I just think that we need to recognize that we are not in a Fed market, we're in a market where people say, you know what, those data centers need a lot of power. Oh, well let's buy Vistra, let's buy Constellation Energy. . . This has not happened since the 90s, David. And there's a plethora of people who are fighting this and not realizing, because they're so index oriented. They don't realize what is really happening here is that people are focusing on themes.' Solar panel workers installing a new farm for clean energy generation. Cramer discussed Vistra Corp. (NYSE:VST) in detail in February when the shares had lost more than 7% year-to-date in the aftermath of the DeepSeek selloff. Here's what he said: 'How about the walloping in the nuclear power utilities like Vistra and Constellation Energy? These stocks are on a rollercoaster and right now they're on the downside. They, they trade like they weren't even wearing their seat belts. When you're going down, which is what you know what happens, you fly up and then you land on your head. Microsoft had a hand in the froth here too, except this time at least it was negative. See these momentum utility stocks, all data center plays won't be as important if Microsoft's actually cutting capital expenditures for data centers, which is also what we heard on Friday. Why the heck do we need to bid up the stocks of tangential utilities when maybe we don't even need to worry about the regular utilities? Maybe they got enough power, of, of course, we don't need Constellation or Vistra.' While we acknowledge the potential of VST as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
05-07-2025
- Business
- Yahoo
Vistra Corp. (VST) Is Experiencing A Trend That 'Has Not Happened Since The 90s,' Says Jim Cramer
We recently published . Vistra Corp. (NYSE:VST) is one of the stocks Jim Cramer recently discussed. Vistra Corp. (NYSE:VST) is a sizable American electricity company whose shares have gained 28% year-to-date. The stock has benefited primarily from investor interest in AI and the expected increase in power demand. Vistra Corp. (NYSE:VST)'s presence in the nuclear power generation industry and its partnership with Microsoft have linked the stock's performance to AI-induced power demand in the US. However, the shares have lagged other AI energy plays such as Talen as investors have wondered about Vistra Corp. (NYSE:VST)'s ability to land major deals with big AI companies. Cramer commented on the stock in the context of an idea-driven market: 'I just think that we need to recognize that we are not in a Fed market, we're in a market where people say, you know what, those data centers need a lot of power. Oh, well let's buy Vistra, let's buy Constellation Energy. . . This has not happened since the 90s, David. And there's a plethora of people who are fighting this and not realizing, because they're so index oriented. They don't realize what is really happening here is that people are focusing on themes.' Solar panel workers installing a new farm for clean energy generation. Cramer discussed Vistra Corp. (NYSE:VST) in detail in February when the shares had lost more than 7% year-to-date in the aftermath of the DeepSeek selloff. Here's what he said: 'How about the walloping in the nuclear power utilities like Vistra and Constellation Energy? These stocks are on a rollercoaster and right now they're on the downside. They, they trade like they weren't even wearing their seat belts. When you're going down, which is what you know what happens, you fly up and then you land on your head. Microsoft had a hand in the froth here too, except this time at least it was negative. See these momentum utility stocks, all data center plays won't be as important if Microsoft's actually cutting capital expenditures for data centers, which is also what we heard on Friday. Why the heck do we need to bid up the stocks of tangential utilities when maybe we don't even need to worry about the regular utilities? Maybe they got enough power, of, of course, we don't need Constellation or Vistra.' While we acknowledge the potential of VST as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
16-06-2025
- Business
- Yahoo
Talen Energy Corp (TLN) Is A 'Good One,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Talen Energy Corp (NASDAQ:TLN) stands against other stocks that Jim Cramer discusses. Talen Energy Corp (NASDAQ:TLN) is a midsized American energy company that primarily produces and sells electricity. Its shares have gained 31% year-to-date as they have benefited from several catalysts such as analyst ratings and industry partnerships. Talen Energy Corp (NASDAQ:TLN)'s stock jumped by 13% in March after investment bank Morgan Stanley initiated coverage and set a $243 share price target and an Overweight rating. More recently, the stock jumped by 7.7% after the firm announced that it would power an Amazon data center with nuclear power. Here are Cramer's latest comments on Talen Energy Corp (NASDAQ:TLN): 'You're going from 2.5 growth to now 5. Rusty Brazil, my guy on energy is just saying, listen we do not have enough turbines. But anybody that has turbines is going to work. I recommended Talen last night as part of a wholesale belief that you know what. . .I said yeah, Talen is a good one. . .I'm capitulating on the idea that we need more power, I just, there's nothing I can do.' A chart showing the trend of the energy sector's stock prices. Cramer had previously commented on Talen Energy Corp (NASDAQ:TLN) in January. Here is what he'd said: 'I think Talen Energy Corp (NASDAQ:TLN), you know they got that setback the other day from FERC. It doesn't matter, they're in good shape. I like it very much, and I would encourage you to own at least one of these with a Constellation with the Talen Energy Corp (NASDAQ:TLN). I think these are good.' While we acknowledge the potential of TLN as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
13-06-2025
- Business
- Yahoo
Amazon joins the big nuclear party, buying 1.92 GW for AWS
Amazon tapped into an emerging trend this week, one that's seeing big tech firms buy power from existing nuclear power plants. The tech company will power a chunk of its AWS cloud and AI servers using 1.92 gigawatts of electricity from Talen Energy's Susquehanna nuclear power plant in Pennsylvania. Amazon is the latest hyperscaler to go direct to big nuclear operators, following on the heels of Microsoft and Meta. Amazon's deal was announced Wednesday, but it's not entirely new, instead modifying an existing arrangement with Talen. The old version had Amazon building a data center next to the Susquehanna power plant, siphoning electricity directly from the facility without first sending it to the grid. That deal was killed by regulators over concerns that customers would unfairly shoulder the burden of running the grid. Today, Susquehanna provides power to the grid, meaning every kilowatt-hour includes transmission fees that support the grid's maintenance and development. Amazon's behind-the-meter arrangement would have sidestepped those fees. This week's revisions shift Amazon's power purchase agreement in front of the meter, meaning the AWS data center will be billed like other similar customers who are grid-connected. The transmission lines will be reconfigured in spring of 2026, Talen said, and the deal covers energy purchased through 2042. But wait, there's more: The two companies also said they will look to build small modular reactors 'within Talen's Pennsylvania footprint' and expand generation at existing nuclear power plants. Expanding existing power plants is typically an easier way to add new nuclear. They might include switching to more highly enriched fuel to produces more heat, tweaking the settings to squeeze out more power, or renovating the turbines for a bigger bump. Microsoft kicked off the trend last year when it announced that it would work with Constellation Energy to restart a reactor at Three Mile Island, a $1.6 billion project that will generate 835 megawatts. Meta hopped aboard earlier this month, also with Constellation, to buy the 'clean energy attributes' of a 1.1 gigawatt nuclear power plant in Illinois. Amazon and Talen's pledge to build new small modular reactors is a longer shot, though there, too, Amazon is in good company with its peers. Several startups pursuing the concept with the hopes of cutting construction costs by mass producing parts. Amazon has invested in an SMR startup, X-energy, which is planning to add 300 megawatts of nuclear generating capacity in the Pacific Northwest and Virginia. New generation at existing reactors and new SMRs are intended 'to add net-new energy to the PJM grid,' Talen said, referring to the region's grid operator. That last bit is likely a bid to head off any criticism from regulators about leaving ratepayers holding the bag.
