Talen Energy Corp (NASDAQ: TLN): Stock Forecast For 2024 Sees A An Incline Of 202.13%

In the last trading session, 1.19 million shares of the Talen Energy Corp (NASDAQ:TLN) were traded, and its beta was 1.00. Most recently the company’s share price was $165.87, and it changed around -$1.72 or -1.03% from the last close, which brings the market valuation of the company to $8.46B. TLN currently trades at a discount to its 52-week high of $171.75, offering almost -3.54% off that amount. The share price’s 52-week low was $50.50, which indicates that the current value has risen by an impressive 69.55% since then. We note from Talen Energy Corp’s average daily trading volume that its 10-day average is 0.89 million shares, with the 3-month average coming to 839.68K.

Talen Energy Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.29. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended TLN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Talen Energy Corp is expected to report earnings per share of 0 for the current quarter.

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Talen Energy Corp (NASDAQ:TLN) trade information

Instantly TLN has showed a red trend with a performance of -1.03% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 173.23 on recent trading dayincreased the stock’s daily price by 4.25%. The company’s shares are currently up 159.17% year-to-date, but still up 12.32% over the last five days. On the other hand, Talen Energy Corp (NASDAQ:TLN) is 24.75% up in the 30-day period. We can see from the shorts that 0.75 million shares have been sold at a short interest cover period of 0.83 day(s).

The consensus price target as assigned by Wall Street analysts is $219, which translates to bulls needing to increase their stock price by 24.26% from its current value. Analyst projections state that TLN is forecast to be at a low of $207 and a high of $232.

Talen Energy Corp (TLN) estimates and forecasts

The year-over-year growth rate is expected to be -27.70%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 437.5M in revenue for the current quarter. 2 analysts expect Talen Energy Corp to make 585M in revenue for the current ending quarter.

TLN Dividends

Talen Energy Corp’s next quarterly earnings report is expected to be released in October.