Renaissance Capital logo

Talen Energy Priced, Nasdaq: TLN

Restructured US power plant operator selling electricity into wholesale markets.

Industry: Utilities

Latest Trade: $217.38 +11.29 (+5.5%)

First Day Return: +2.0%

Return from IPO: +64.9%

Industry: Utilities

Talen owns and operates power infrastructure in the United States. We produce and sell electricity, capacity and ancillary services into wholesale power markets in the United States, primarily in PJM and WECC, with our generation fleet principally located in the Mid-Atlantic and Montana. We recently completed the sale of our ERCOT fleet. The majority of our generation is produced at zero-carbon nuclear and lower-carbon gas-fired facilities and we are continuing our decarbonization efforts. In addition, as part of our Cumulus digital infrastructure and energy transition platform, we developed, and recently sold to an affiliate of Amazon Web Services, the infrastructure for a hyperscale data center campus adjacent to our zero-carbon Susquehanna nuclear facility that will utilize carbon-free, low-cost energy provided directly from the plant, providing both an attractive source of demand for the plant and a new source of incremental revenues for us. Our generation portfolio is anchored by our approximately 2.2 GW interest in the Susquehanna nuclear facility, which enabled us to produce over half of our generation carbon-free in 2023.
more less
IPO Data
IPO File Date 06/20/2024
Offer Price $125.01
Price Range $125.01 - $125.01
Offer Shares (mm) 36.8
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/10/2024
Offer Price $125.01
Price Range $125.01 - $125.01
Offer Shares (mm) 36.8
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Company Data
Headquarters Houston, TX, United States
Founded 2014
Employees at IPO 1,892
Website www.talenenergy.com

Talen Energy (TLN) Performance