• Talen Energy (TLN) is trading 2.96% up at $421.92 following Goldman Sachs initiating coverage with a 'Buy' rating and a $499 price target.
  • This positive analyst sentiment extends a multi-day rally, further fueled by the completion of its ~$3.45 billion acquisition of three natural gas plants on June 15, which is immediately accretive to cash flow.
  • The company also benefits from its pure-play exposure to the AI data center power thesis and strengthened position in the PJM power market.