Lone Pine Capital Adds $185M in Talen Energy Corporation ($TLN)
Key Points
- Lone Pine Capital changed its Talen Energy Corporation ($TLN) stake by 40.65% last quarter, boosting to 1,817,947 shares worth $640.83 million.
- Wall Street's consensus rating on $TLN is Buy and an average price target of $459.94.
- $TLN last traded around $352.50.
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Lone Pine Capital increased its position in Talen Energy Corporation ($TLN) by 40.65% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,817,947 shares of Talen Energy Corporation after buying 525,431 shares during the quarter. Lone Pine Capital's holdings in Talen Energy Corporation were worth $640.83 million as of its most recent filing.
Talen Energy Corporation Stock Up 19.0%
Shares of Talen Energy Corporation ($TLN) traded around $352.50 on Saturday, up 19.0% for the day.
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About Talen Energy Corporation
Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States. The company's plants generate power using a variety of fuels, such as nuclear, fossil, oil, natural gas, and coal power plants. It owns and operates approximately 13.1 GW of power infrastructure. Talen Energy Corporation was incorporated in 2014 and is headquartered in Houston, Texas.
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