Talen Energy rises on deal to buy power stations for $3.5 billion

Talen Energy

18/07/2025 15:04

Updates

July 18 (Reuters) - ** Shares of power producer Talen Energy TLN.O rise 20.2% to $318.5

** Company on Thursday said it is acquiring two power plants in Pennsylvania and Ohio for $3.5 billion

** Talen expects the move to boost the company's cash flow by over 40% in 2026

** Co will pay $1.46 billion in cash for Caithness Energy's Moxie Freedom Energy Center, in Pennsylvania, which controls 1,105 megawatts (MW) natural gas-fired combined cycle generation project

** TLN will pay $2.33 billion in cash for the 1,875 MW Guernsey power station in Ohio, which is owned by Caithness and BlackRock

** UBS raises PT to $399 from $366, a 51.1% upside to stock's last close

** Evercore ISI raises PT to $372 from $306, a 40.9% upside to stock's last close

   ** Including session's moves, stock up 59.8% YTD

 (Reporting by Pranav  Mathur)

 ((Pranav.Mathur@thomsonreuters.com;))