Talen Energy (OTCMKTS:TLNE) Hits New 1-Year High at $128.85

Shares of Talen Energy Co. (OTCMKTS:TLNE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $128.85 and last traded at $125.01, with a volume of 1591807 shares traded. The stock had previously closed at $118.99.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $145.00 price objective on shares of Talen Energy in a research report on Friday, June 28th.

Talen Energy Price Performance

The company has a current ratio of 4.56, a quick ratio of 3.95 and a debt-to-equity ratio of 0.95. The company’s fifty day moving average is $112.48 and its 200 day moving average is $90.09.

Talen Energy (OTCMKTS:TLNE) last announced its quarterly earnings results on Monday, May 13th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $1.05. The firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $597.00 million. As a group, equities research analysts predict that Talen Energy Co. will post 0.78 EPS for the current year.

About Talen Energy

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 operates nuclear, fossil, solar, and coal power plants. It is also developing battery storage projects.