Talen Energy soars on $3.5 billion deal to buy gas plants
15/01/2026 12:36
** Shares of utility Talen Energy TLN.O rise 11.7% to $418.6 premarket ** Power producer says it will buy about 2.6 gigawatts of natural gas-fired generation capacity from private equity firm Energy Capital Partners for $3.45 billion ** Says deal comprises about $2.55 billion in cash and roughly $900 million in stock ** 17 of 18 analysts rate TLN "strong buy" or "buy" and 1 "hold"; median PT is $444.61 - data compiled by LSEG ** Stock gained ~86% in 2025 (Reporting by Yagnoseni Das in Bengaluru) ((Yagnoseni.Das@thomsonreuters.com;))
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