Talen Energy (OTCMKTS:TLNE) Sets New 1-Year High at $101.19

Shares of Talen Energy Co. (OTCMKTS:TLNE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.19 and last traded at $100.40, with a volume of 90434 shares traded. The stock had previously closed at $97.90.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TLNE. BWS Financial boosted their price objective on Talen Energy from $96.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Wolfe Research began coverage on Talen Energy in a report on Friday, February 16th. They issued an “outperform” rating and a $81.00 price target for the company.

Talen Energy Stock Up 2.6 %

The company has a quick ratio of 2.43, a current ratio of 3.20 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average is $86.44.

Talen Energy (OTCMKTS:TLNE) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.34. The firm had revenue of $527.00 million during the quarter, compared to analysts’ expectations of $507.00 million. As a group, research analysts expect that Talen Energy Co. will post 2.08 EPS for the current fiscal year.

Talen Energy Company Profile

Talen Energy Corporation, together with its subsidiaries, operates as a power generation and infrastructure company in the United States. The company operates in two segments: PJM, and ERCOT and WECC. It produces and sells electricity, capacity, and ancillary services. The company also operates nuclear, fossil, solar, gas, and coal power plants, as well as engages in marketing activities.