Shorts On Watch: What Next for Talen Energy Corporation (NYSE:TLN) Stock After Decrease in Shorted Shares?

November 17, 2016 - By Vivian Park   ·   0 Comments

Shorts On Watch: What Next for Talen Energy Corporation (NYSE:TLN) Stock After Decrease in Shorted Shares?

The stock of Talen Energy Corporation (NYSE:TLN) registered a decrease of 14.45% in short interest. TLN’s total short interest was 1.77 million shares in November as published by FINRA. Its down 14.45% from 2.06M shares, reported previously. With 1.20M shares average volume, it will take short sellers 2 days to cover their TLN’s short positions. The short interest to Talen Energy Corporation’s float is 1.37%. The stock last traded at $13.94 per share. It is down 22.28% since April 15, 2016 and is uptrending. It has outperformed by 17.66% the S&P500.

Talen Energy Corporation, through its principal subsidiary, Talen Energy Supply, LLC, is an energy and power generation and marketing company. The company has a market cap of $1.79 billion. The Firm operates through two divisions: East and West. It has a 16.07 P/E ratio. The East segment includes the generating, marketing and trading activities in PJM Interconnection, L.L.C. , New York Independent System Operator (NYISO) and ISO New England Inc. (ISO-NE).

Talen Energy Corp (NYSE:TLN) Ratings Coverage

Out of 8 analysts covering Talen Energy Corporation (NYSE:TLN), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Talen Energy Corporation has been the topic of 19 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Monday, June 6 the stock rating was downgraded by SunTrust to “Neutral”. The stock has “Buy” rating given by SunTrust on Friday, October 16. UBS maintained it with “Neutral” rating and $14 target price in Monday, June 6 report. On Monday, June 6 the stock rating was downgraded by Suntrust Robinson to “Neutral”. As per Monday, June 6, the company rating was downgraded by Evercore. The firm earned “Equal-Weight” rating on Friday, June 17 by Barclays Capital. UBS upgraded the stock to “” rating in Friday, August 7 report. On Tuesday, August 25 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Buy” rating by Zacks given on Tuesday, September 22. Barclays Capital maintained Talen Energy Corp (NYSE:TLN) on Friday, March 18 with “Overweight” rating.

TLN Company Profile

Talen Energy Corporation, incorporated on June 6, 2014, through its principal subsidiary, Talen Energy Supply, LLC, is an energy and power generation and marketing company. The Firm operates through two divisions: East and West. The East segment includes the generating, marketing and trading activities in PJM Interconnection, L.L.C. (PJM), New York Independent System Operator (NYISO) and ISO New England Inc. (ISO-NE). The West segment includes the generating, marketing and trading activities in Electric Reliability Council of Texas (ERCOT) and Western Electricity Coordinating Council (WECC), including the coal-fired facility, Colstrip, in Montana. The Firm produces and sells electricity, capacity and ancillary services from its fleet of power plants totaling approximately 17,400 megawatts (MW) of generating capacity. The Company’s portfolio of generation assets is principally located in the Northeast, Mid-Atlantic and Southwest regions of the United States.

More notable recent Talen Energy Corp (NYSE:TLN) news were published by: Bloomberg.com which released: “Riverstone to Take Talen Energy Private in $1.8 Billion Deal” on June 03, 2016, also Bloomberg.com with their article: “Riverstone Said to Be Leading Bidder to Buy Talen Energy” published on May 06, 2016, Prnewswire.com published: “Talen Energy Reports Second Quarter 2016 Results” on August 04, 2016. More interesting news about Talen Energy Corp (NYSE:TLN) were released by: Prnewswire.com and their article: “Talen Energy-Riverstone Merger Agreement Approved by FERC” published on October 19, 2016 as well as Prnewswire.com‘s news article titled: “Talen Energy to Announce Third Quarter 2016 Results on Nov. 10” with publication date: October 31, 2016.

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By Vivian Park


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