Talen Energy Co. (OTCMKTS:TLNE – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 651,300 shares, a growth of 45.3% from the May 31st total of 448,100 shares. Based on an average daily volume of 1,306,400 shares, the days-to-cover ratio is currently 0.5 days.
Wall Street Analyst Weigh In
Separately, BWS Financial restated a “buy” rating and set a $145.00 target price on shares of Talen Energy in a research report on Friday.
Read Our Latest Report on TLNE
Talen Energy Stock Performance
Talen Energy (OTCMKTS:TLNE – Get Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $1.05. The company had revenue of $509.00 million for the quarter, compared to the consensus estimate of $597.00 million. Research analysts anticipate that Talen Energy will post 0.78 earnings per share for the current fiscal year.
Talen Energy Company Profile
Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States. The company operates nuclear, fossil, solar, and coal power plants. It is also developing battery storage projects.
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