UBS Maintains Talen Energy Corp to Neutral with Price Target $14.00

Brokerage firm UBS Maintains its rating on Talen Energy Corp(NYSE:TLN). In a research note issued to the investors, the brokerage major Raises the price-target to $14.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Jun 6, 2016.

In a different note, On Mar 18, 2016, Barclays said it Maintains its rating on Talen Energy Corp. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Overweight’ by the firm.

Talen Energy Corp (TLN) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.51% at a volume of 14,57,253. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.86. The peak price level was also seen at $13.86 while the days lowest was $13.695. Finally the shares closed at $13.74. The 52-week high of the shares is $20.25 while the 52-week low is $5.73. According to the latest information available, the market cap of the company is $1,766 M.

Several Insider Transactions has been reported to the SEC. On Dec 28, 2015, Paul A Farr (CEO) purchased 10,000 shares at $6.63 per share price.Also, On Dec 23, 2015, Jeremy R. Mcguire (CFO) purchased 20,000 shares at $6.41 per share price.On Dec 21, 2015, Timothy S. Rausch (SVP & Chief Nuclear Officer) purchased 12,100 shares at $5.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity capacity and related products from a fleet of power plants that uses various fuel sources such as carbon-free nuclear natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas) two of the power markets in the United States. The Company also operates approximately three combined-cycle natural gas-fired power plants with over 2500 megawatts of generating capacity to its fleet which are located in New York western Massachusetts and western Arizona. The Company provides energy and power for homes and small and large businesses. Talen sells the output of its power plants to regional transmission organizations independent system operators utilities cooperatives municipalities and power marketers as well as commercial and industrial small business and residential customers.

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