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

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BWS Financial raised their price objective on shares of Talen Energy from $96.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Wolfe Research initiated coverage on shares of Talen Energy in a report on Friday, February 16th. They issued an “outperform” rating and a $81.00 target price for the company.

Talen Energy Price Performance

The company has a current ratio of 3.20, a quick ratio of 2.43 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $86.44.

Talen Energy (OTCMKTS:TLNE) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.15 earnings per share for the quarter, topping 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, equities research analysts predict that Talen Energy Co. will post 2.08 earnings per share 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.