Jefferies rates Talen 'hold', cuts PT on weaker PJM power price outlook

Talen Energy

26/10/2026 16:44

** Jefferies rates power producer Talen Energy TLN.O at "hold", cuts PT to $371 from $420
** New PT represents 13% upside to stock's last close
** Brokerage lowers its 2028-2030 EBITDA estimates on weaker PJM forward power prices, while maintaining cautious stance due to Talen's exposure to market
** Ahead of Talen's third-quarter results, Jefferies expects investor focus to be on regulatory developments and 2027 guidance incorporating Cornerstone and does not expect any deal announcements
** 19 out of 21 brokerages rate stock "buy" or higher and 2 "hold", their median PT is $475 - data compiled by LSEG
** Including session's moves, Talen down 9.11% YTD

 (Reporting by Tyakshi Singh in Bengaluru)
 ((Tyakshi.singh@thomsonreuters.com))