Talen Energy Corporation (TLN) Stock Price & Analysis
Talen Energy Corporation (TLN) closed at USD 331.42 on Thursday, October 22, 2026, down 7.81% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 331.42; the Oct 22, 2026 session ranged USD 326–356.24 on volume of 1,466,132 shares. Market capitalization is —, with a 52-week range of USD 279.77–449.84 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TLN.md
Key facts (TLN)
- Last four reported quarters (through Jun 30, 2026): revenue $4.02B, net income -$185M (-4.6% margin), free cash flow $568M (SEC filings).
- 3 of 80 tracked superinvestors hold TLN (13F, Q2 2026): 0 new, 1 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $988K; 1 not under a Rule 10b5-1 plan ($988K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -13.7% vs S&P 500 +14.9%; 5Y +612.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 7.3, revenue estimate $1.35B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TLN)
| USD | FY2014 | FY2015 | FY2022 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | — | $3.21B | $2.12B | $2.58B | $4.02B |
| Operating income | $397M | -$39.0M | $241M | $226M | -$90.0M | $88.0M |
| Net income | $410M | -$341M | -$1.29B | $998M | -$219M | -$185M |
| EPS (diluted) | $4.91 | -$3.10 | — | $17.67 | -$4.79 | — |
| Free cash flow | $46.0M | $317M | -$45.0M | $171M | $606M | $568M |
| Operating margin | — | — | 7.5% | 10.7% | -3.5% | 2.2% |
| Net margin | — | — | -40.3% | 47.2% | -8.5% | -4.6% |
| Revenue growth | — | — | — | — | +22.0% | — |
| Cash + short-term investments | $352M | $141M | $988M | $328M | $689M | — |
| Total debt | $2.22B | $4.20B | — | $3.00B | $6.81B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TLN)
P/E at fiscal year-ends: Dec 2024 11.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (TLN)
3 of 80 tracked investors hold TLN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 3.37% | $127M | Unchanged |
| Yacktman Asset Management | 1.71% | $138M | Reduced -0.0% | |
| Polen Capital | Polen Capital Management | <0.01% | $566K | Added +116.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TLN)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-15 | Abbas Gizman I | Director | 2,600 | $988K | 49.9% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TLN)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | TD Cowen | Initiated | Buy | $475 |
| 2026-10-22 | HSBC | Initiated | Buy | $444.3 |
| 2026-10-21 | Morgan Stanley | Target lowered | Overweight | $514 → $504 |
| 2026-10-16 | CIBC | Initiated | Outperformer | $499 |
| 2026-09-18 | Morgan Stanley | Target raised | Overweight | $503 → $514 |
| 2026-08-24 | Mizuho | Initiated | Outperform | $405 |
| 2026-08-21 | Morgan Stanley | Target lowered | Overweight | $508 → $503 |
| 2026-08-06 | Wells Fargo | Target raised | Overweight | $482 → $501 |
| 2026-07-28 | Barclays | Target lowered | Overweight | $411 → $408 |
| 2026-07-27 | Wells Fargo | Target raised | Overweight | $477 → $482 |
| 2026-07-20 | Jefferies | Target lowered | Hold | $453 → $422 |
| 2026-07-15 | Scotiabank | Target raised | Sector Perform | $463 → $470 |
Total return (dividends reinvested) (TLN)
| 1Y (from 2025-10-23) | 5Y (from 2023-05-29) | |
|---|---|---|
| Total return | -13.7% | +612.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -13.7% | +78.1% |
| Volatility (annualized) | 57.3% | 45.9% |
| Max drawdown | -35.6% (Jun 2026→Sep 2026) | -33.3% (Sep 2025→Sep 2026) |
TLN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| PJM | $740.0M | 99.1% | +16.0% |
| Other | $13.0M | 1.7% | -1400.0% |
| Total revenue | $747.0M | 100% | — |
TLN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Energy and other revenues | $722.0M | 96.7% | +97.3% |
| Electricity Sales & Ancillary Services | $626.0M | 83.8% | +103.9% |
| Capacity revenues | $237.0M | 31.7% | +169.3% |
| Physical Electricity Sales Bilateral Contracts Other | $31.0M | 4.1% | +121.4% |
| Total revenue | $747.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TLN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | “In connection with the revisions to the AWS PPA (i) in June 2025, the Company agreed to cease use of the Nautilus facility, and (ii) in September 2025, the facility lease between the Company and AWS, and the related submetering and supply agreements, were terminated and AWS took possession of the existing facility structures.” |
| Partner | TERAWULF INC. (WULF) | “Nautilus Cryptomine LLC, a cryptocurrency project that was previously a joint venture between the Company and TeraWulf.” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name TLN in their SEC reports
| Relationship to TLN | Company | Filing | Sentence |
|---|---|---|---|
| partner | TERAWULF INC. (WULF) | 10-K Feb 27, 2026 | “In May 2021, the Company and a subsidiary of Talen Energy Corporation ("Talen") (each a "Member" and collectively the "Members") entered into the Nautilus Joint Venture ("Nautilus") to develop, construct and operate up to 300 MW of zero-carbon bitcoin mining in Pennsylvania which was subsequently amended in August 2022 (the "A&R Nautilus Agreement") and in March 2023 (the "Second A&R Nautilus Agreement").” |
TLN company outlook (results filed Aug 5, 2026)
- “With strong year-to-date results and closing of the Cornerstone Acquisition, we are raising our 2026 guidance as well as increasing the 2027 and 2028 outlooks," said Talen Chief Executive Officer Mac McFarland.”
Quoted word-for-word from the SEC 8-K results press release.
TLN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $7.30 | $6.47 | +12.8% | $1.35B | 4 |
| Next quarter (ends Dec 2026) | $5.80 | $6.35 | -8.7% | $1.22B | 4 |
| Current fiscal year (ends Dec 2026) | $22.31 | $21.29 | +4.8% | $4.53B | 7 |
| Next fiscal year (ends Dec 2027) | $31.83 | $29.58 | +7.6% | $5.26B | 7 |
TLN options: expected move
Options price a move of about ±11.4% (±$37.55) by Nov 6, 2026, which includes earnings on Nov 3, 2026; the earnings reaction alone is priced at about ±3.6%. Over the last 8 reports the stock moved ±3.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 68.8% | ±8.2% |
| Nov 6, 2026 | 14 | 70.1% | ±11.4% |
| Nov 13, 2026 | 21 | 67.3% | ±13.2% |
| Nov 20, 2026 | 28 | 64.5% | ±14.5% |
| Nov 27, 2026 | 35 | 62.1% | ±15.4% |
| Dec 4, 2026 | 42 | 61.1% | ±16.8% |
| Dec 18, 2026 | 56 | 59.7% | ±18.8% |
| Jan 15, 2027 | 84 | 58.9% | ±22.7% |
30-day implied volatility 63.2% vs 62.6% realized over the last 30 trading days. Put/call ratio (volume) 0.9. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 331.42 |
|---|---|
| Change | ▼ 7.81% (down) |
| Previous Close | USD 331.42 |
| Open | USD 331.42 |
| Day Range | USD 326 – 356.24 |
| 52-Week Range | USD 279.77 – 449.84 |
| Volume | 1,466,132 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (TLN)
Nexqual's technical model rates TLN "NEUTRAL" based on 3 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 45.4 (neutral) |
| vs SMA50 | Above (USD 324.22) |
| MACD | 8.8 (positive) |
Earnings (TLN)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 7.3 |
| Revenue Estimate | $1.35B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.37 vs est 3.39 ▼ miss |
| 2026-03-31 | USD 4.38 vs est 4.26 ▲ beat |
| 2025-12-31 | USD 4.38 vs est 4.33 ▲ beat |
| 2025-09-30 | USD 3.29 vs est 3.67 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (TLN)
| Total Revenue | $3.74B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +111.20% |
| Gross Margin | +42.10% |
| Operating Margin | -4.80% |
| Profit Margin | -4.95% |
| ROE | -12.83% |
| Debt / Equity | 5.84 |
| Current Ratio | 0.78 |
| Total Cash | $232.00M |
| Total Debt | $9.57B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $568.00M (14.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (TLN)
Nexqual rates Talen Energy Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Strong — Revenue +22% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 42%, operating -5% (last 12 months) |
| Balance Sheet | Critical — $231M cash and investments vs $9.57B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $568M (last 4 quarters to Jun 2026, SEC), 14% margin |
| Efficiency | Critical — ROE -13%, ROA 0.9% |
Ownership (TLN)
| Insider Ownership | +1.38% |
|---|---|
| Institutional Ownership | +103.13% |
| Shares Outstanding | 47.30M |
| Float | 38.11M |
| Short % of Float | +5.94% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Talen Energy Corporation's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Our integrated generation, wholesale marketing, and commercial capabilities enable us to produce significant recurring cash flow, and our commercial and risk management strategies provide cash flow stability while balancing operational, price, and liquidity risk through physical and financial commodity transactions.
- The foundation of our platform is safe, disciplined operational and commercial performance.
- The Talen flywheel is a repeatable value creation strategy that leverages our platform of reliable, scalable generation assets and commercial capabilities to deliver durable free cash flow growth across market cycles.
Partnerships
- Pursuant to the terms of the Cornerstone RRA, the Company will agree to use its commercially reasonable efforts to file a registration statement on Form S-3 under the Securities Act of 1933, as amended, to register the TEC common stock issued pursuant to the Cornerstone Merger Agreement with the SEC within three business days (and in any event within five business days) after issuance.
- Our platform provides additional pathways to growth, including advantaged land positions at or near existing assets with large interconnects that provide speed-to-market and expand our range of development and partnership options.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business is subject to extensive state, federal, and local statutes, rules, regulations, and permitting requirements relating to environmental protection and worker health and safety, which could limit our operations, increase our costs, result in other liabilities to us, or render continued operation of certain of our facilities uneconomic.
- We are required to obtain and to comply with numerous permits, approvals, licenses, and certificates from various environmental agencies, which can be a lengthy and complex process that can sometimes result in permit conditions that make certain activities overly restrictive or uneconomic.
- Form 10-K Table of Contents
- New or more stringent enforcement of existing laws or regulations could also adversely affect our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NRG | NRG Energy, Inc. | USD 94.38 | ▼ 5.43% |
| VST | Vistra Corp. | USD 140.83 | ▼ 9.81% |
| OKLO | Oklo Inc. | USD 27.01 | ▼ 2.6% |
| TAC | TransAlta Corporation | USD 12.51 | ▼ 6.22% |
| CEG | Constellation Energy Corporatio | USD 255.21 | ▼ 5.74% |
| HNRG | Hallador Energy Company | USD 11.22 | ▼ 2.01% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt