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

Talen Energy Co. (OTCMKTS:TLNE)’s share price reached a new 52-week high 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

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

Talen Energy Stock Up 2.6 %

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 stock has a fifty day moving average price of $87.07.

Talen Energy (OTCMKTS:TLNE) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.34. The company had revenue of $527.00 million during the quarter, compared to analysts’ expectations of $507.00 million. As a group, equities analysts anticipate that Talen Energy Co. will post 2.08 EPS for the current fiscal year.

About Talen Energy

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.