Nov 12
TLN · Talen Energy Corp
$376.01
-10.67 (-2.76%)
At close · Nov 13
Return incl. dividend (before tax)
Market Cap
$16.36B
Shares
43.51M
Volume · Nov 13
1.01M
Avg daily vol (3M)
1.03M
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$376.01
Open$390.00
Day$372.78–390.55
52W close$282.15–438.12
Avg vol 30d1.2M
Short int4.6M · 10.5% of shares · 5.5d
Short vol72%
Last earningsNov 3, 2026
DataJun 2023–Nov 2026
Filing10-Q · Nov 3
Up next
Feb 25, 2027
Est · unconfirmed
· in 15 wks
Latest documents
2026
Nov 3
Earnings call
2029 outlook: $56 to $60 per share
Talen Energy expects 2029 adjusted free cash flow per share of $56 to $60 per share and approximately $6 billion of adjusted free cash flow through 2029. Third-quarter adjusted EBITDA was $669 million; adjusted free cash flow was $433 million.
Nov 3
Quarterly report
10-Q
FY2026 Q3, ended Sep 30
Capacity monetization accelerates share repurchases
Talen Energy Corp closed a capacity monetization agreement to sell rights to approximately $1.5 billion in future PJM capacity cash flows and used $1.3 billion of net proceeds to fund accelerated share repurchases.
Revenue $1.33B
▲ 63.4%
Net income $138M
▼ 33.3%
Diluted EPS $2.88
▼ 32.2%
Nov 3
Current report
8-K
Adjusted EBITDA reaches $669 million as buyback expands
Talen Energy Corporation reported third quarter 2026 Adjusted EBITDA of $669 million and Adjusted Free Cash Flow of $433 million. It reaffirmed 2026 guidance, introduced 2027 guidance, and expanded its share repurchase program to $3.0 billion through December 31, 2028.
Sep 29
Current report
8-K
Events of Sep 25
Director or officer change, or executive pay, Regulation FD disclosure, Other events
Talen Energy Corporation named Terry L. Nutt CEO and President effective January 1, 2027, succeeding Mark “Mac” A. McFarland; it increased repurchase authorization to $3.0 billion and entered $1.5 billion of accelerated share repurchases.
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$3.95B
Trailing 12 months
Net income (TTM)
−$254.00M
Trailing 12 months
Revenue growth YoY
+63.4%
Year over year
Operating margin
2.0%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
2.4%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$9.23B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-1.3%
Year over year · fewer shares
Price change (1Y)
+5.9%
Trailing year
Short interest
10.5%
Latest settlement · 5.5 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26
TL;DR. Talen reported Q2 Adjusted EBITDA of $374M and Adjusted Free Cash Flow of $212M, closed the Cornerstone Acquisition adding ~2.6 GW, and raised its 2026 Adjusted EBITDA guidance to $2,025M–$2,225M and Adjusted Free Cash Flow to $1,200M–$1,350M, while also increasing its 2027 and 2028 free cash flow per share outlooks.
Bullish
- + Q2 Adjusted EBITDA of $374M and Adjusted Free Cash Flow of $212M, materially higher year-over-year
- + Closed the Cornerstone Acquisition in June 2026, adding approximately 2.6 GW of efficient natural gas-fired generation
- + Raised 2026 Adjusted EBITDA guidance to $2,025M–$2,225M and Adjusted Free Cash Flow to $1,200M–$1,350M
- + Increased 2027 and 2028 free cash flow per share outlooks, with 2028 base-case FCF/share rising to $40
- + Repurchased 550,000 shares for ~$200M in Q2 with $1.7B remaining under the SRP through December 2028
Bearish
- − Q2 GAAP Net Loss Attributable to Stockholders of $(92)M, driven by unrealized derivative losses and higher interest expense
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 19.3 · elevated
Equity put/call 0.63
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+8%
above
Price vs 50-day avg
+12%
above
RSI (14)
58
neutral
MACD trend
Positive
52-week position
60%
mid-range
Momentum
relative strength
1-month return
+6%
trailing
6-month return
−3%
trailing
YTD return
0%
this year
Relative strength
−4%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $335 › 200d $349 — 200d above 50d
Institutional flow
Accumulating
563 of 661 funds reported for Sep 30 · net +582.9K sh shares · +77 new
Insider flow
Distributing
Net -$1.3M over 90 days · 100% sells
Short interest
Rising
10.53% of shares out · ▲ +8.7% MoM · 5.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
661 holders — near 3-yr high, broad support
Squeeze score
79
high risk · 0–100
Fundamentals
Revenue growth
+22%
Y/Y
EPS growth
−127%
Y/Y
Free cash flow
$606.0M
Buyback
$1.5B
authorized
Balance sheet
$6.1B
net debt
Quant / Vol
risk profile
Volatility
58%
annualized · 1-yr
Max drawdown
−36%
past year
ATR
5.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 5, 2026
Adjusted free cash flow
· 2026
Non-GAAP
Raised
$1.2B – $1.35B
May 5, 2026
$980M – $1.18B
changed to
Aug 5, 2026
$1.2B – $1.35B
Previous outlook
earlier release
· from the Earnings Call filed May 5, 2026
Still-open targets the latest release did not restate under the same label.
Adjusted EBITDA
· 2026
$1.75B – $2.05B
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+8%
Bullish
Price vs 50-day avg
+12%
Bullish
RSI (14)
58
Neutral
MACD trend
Positive
Bullish
52-week position
60%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $335 › 200d $349 — 200d above 50d
Institutional flow
Accumulating
563 of 661 funds reported for Sep 30 · net +582.9K sh shares · +77 new
Insider flow
Distributing
Net -$1.3M over 90 days · 100% sells
Short interest
Rising
10.53% of shares out · ▲ +8.7% MoM · 5.5 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
661 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $282
Now $376 · 60%
Range high $438
vs 200-day avg +8%
vs 50-day avg +12%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $847M | Six Months Ended June 30, 2026 | — |
| Adjusted Free Cash Flow non-GAAP | $562M | Six Months Ended June 30, 2026 | — |
| Capacity Factor | 51.3% | Six Months Ended June 30, 2026 | — |
| Capital expenditures | $178M | Three Months Ended June 30, 2026 filing | — |
| PJM Segment Adjusted EBITDA non-GAAP | $378M | Three Months Ended June 30, 2026 filing | — |
| Total Generation | 29.7 | Six Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Utilities - Independent Power Producers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TLN
this stock
Talen Energy Corp
|
$16.36B | +0.3% | +22.0% | — | 10.5% |
|
CEG
Constellation Energy Corp
|
$99.28B | -20.7% | +8.3% | 22.5 | 3.0% |
|
VST
Vistra Corp.
|
$45.14B | -17.6% | +3.0% | 18.0 | 3.0% |
|
NRG
Nrg Energy, Inc.
|
$20.39B | -39.0% | +9.2% | 17.1 | 2.8% |
|
OKLO
Oklo Inc.
|
$4.67B | -66.7% | — | — | 19.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TLN | +11.0% | +6.0% | -3.3% | +9.6% | +0.3% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +8.5% | +7.1% | -3.8% | +9.8% | -10.3% |
Capital returns
Buyback program
· as of Oct 1, 2026
Authorized
$1.50B
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1622536
CUSIP
87422Q109
13F (30d)
466 filings
437 filers
Visit website
Investor relations