Talen Energy Corporation (TLN) Stock

Talen Energy Corporation (TLN) is a Utilities stock trading at $314.26 (as of 2026-08-21), with a market capitalization of $14.27B and a trailing P/E of 68.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Talen Energy Corporation is an independent power producer that generates and sells electricity, capacity, and ancillary services into U.S. wholesale power markets. The company operates nuclear, fossil, solar, and coal power plants and develops battery storage projects, owning and operating about 10.7 GW of power infrastructure.

Understand Talen Energy Corporation: how it makes money

Talen Energy generates and sells electricity, capacity, and ancillary services from a mix of nuclear, fossil, solar, and coal power plants in US wholesale power markets, and it also develops battery storage, earning money through energy and capacity revenue streams tied to operating performance and market participation.

Profit is driven by how reliably Talen can run its owned power infrastructure and convert that availability into both energy-related revenues and capacity-related revenues in wholesale markets, with hedging and long-term contracting affecting how exposed results are to market swings.

Revenue by segment (latest quarter)
EnergyOther$1.0B
EnergyASC606$0.1B
CapASC606$0.0B

Business quality (Solid): Clear operating drivers are suggested by fleet availability metrics (forced outage and capacity factor) and by the energy plus capacity revenue mix, but the provided data does not show a clean, fully mutually-exclusive segment mapping for all revenue line items, so investors should verify how these disclosures reconcile to total revenue.

Bull case

  • Diversified generation and infrastructure scale: Talen operates about 10.7 GW of power infrastructure and runs nuclear, fossil, solar, and coal plants, plus it is developing battery storage.
  • Revenue includes both energy and capacity streams: Provided revenue breakdown includes both Energy and Other Revenues and Capacity Revenues, which can support earnings through different market mechanisms.
  • Risk management signals in power volumes: The company discloses Hedged Generation Volumes for 2026 at 85%, which suggests some mitigation of exposure through hedging.

Bear case

  • Outage and availability can directly affect results: Operational KPIs include multiple forced outage measures (for example, Equivalent Forced Outage Factor 1.8, Fleet Equivalent Forced Outage Factor 4.2), so plant reliability and performance are key risks.
  • Wholesale market dependence: Talen sells into wholesale power markets, so its energy and capacity outcomes can be pressured by market conditions and auction outcomes (for example, PJM capacity auction cleared count of 6702).
  • Execution risk in growth initiatives: Battery storage is described as being developed, which introduces execution and timeline risk beyond the existing generating fleet.
Valuation — source: SEC EDGAR (first-party)
Price$314.26
Market Cap$14.27B
P/E Ratio68.9
EV / EBITDA27.5
Price / Book13.30
Price / Sales4.82
FCF Yield5.3%
DCF Value (model)$193.69
DCF Upside vs Price-38.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.58B
Net Margin-8.5%
Revenue Growth (YoY)22.0%
EPS Growth (YoY)-126.0%
FCF Growth (YoY)254.4%
Financial Health — source: SEC EDGAR
Altman Z-Score1.04 (distress)
Valuation vs Sector & Industry
Stock P/E68.9
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector230.6%
vs Industry243.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.67B)
Institutional Holders Tracked10
Company
SectorUtilities
IndustryUtilities
CEOMark Allen McFarland
Employees1,894
CountryUS
IPO Date2023-06-02

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TLN earnings history · TLN institutional & insider holders · TLN KPIs & operating metrics · TLN financials · TLN investor presentations & press releases · TLN SEC filings · TLN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.