It makes sense and dollars to buy Talen Energy Corp (TLN) stock

With 1.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. During the session, the Utilities – Independent Power Producers company that operates in wider Utilities sector, reached to the highest price of $173.23 whereas the lowest price it dropped to was $163.845. The 52-week range on TLN shows that it touched its highest point at $171.75 and its lowest point at $50.50 during that stretch. It currently has a 1-year price target of $200.29. Beta for the stock currently stands at 1.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TLN was up-trending over the past week, with a rise of 12.32%, but this was up by 24.75% over a month. Three-month performance surged to 42.38% while six-month performance rose 90.68%. The stock gained 202.13% in the past year, while it has gained 159.17% so far this year. A look at the trailing 12-month EPS for TLN yields 14.22 with Next year EPS estimates of 7.14. For the next quarter, that number is 0.83. This implies an EPS growth rate of 512.17% for this year and -48.38% for next year.

Float and Shares Shorts:

At present, 59.03 million TLN shares are outstanding with a float of 46.40 million shares on hand for trading. On 2024-08-30, short shares totaled 0.75 million, which was 134.000005 higher than short shares on 1722384000. In addition to Mr. Mark Allen McFarland as the firm’s CEO, President & Director, Mr. Terry L. Nutt serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.55634 of TLN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TLN reported revenue of $413000000.0 and operating income of -$63000000.0. Over the past year, revenue came in at $4.23B while operating income stood at $646.00M. It generated $454000000.0 net income for the quarter, which came to $174.00M over the last twelve months. The EBITDA in the recently reported quarter was $56000000.0 and diluted EPS was $7.6. EBITDA for the full year was $1.01B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TLN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.