Talen Energy Lifts Guidance. Stock Is Rising Even After Amazon Nuclear Deal Fell Through. -- Barrons.com

Dow Jones2024-11-14

Karishma Vanjani

Talen Energy shares are getting a boost from a big jump from improved guidance and a strong earnings report. That's helping the stock recover some of the losses following a federal rejection of Talen's $650 million nuclear deal with Amazon.com.

The stock rose 7.5% to $222 in premarket trading. That's a clear sign the company has shrugged off recent losses from the Federal Energy Regulatory Commission's rejection of Talen's agreement with Amazon to supply more power directly from its plant to its data center. Coming into Thursday's session, the shares had more than tripled since the start of the year.

On Thursday morning, the electricity producer said adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) could swell to a range of $750 million to $780 million this year. The lower end of the range is higher than the $720 million predicted earlier.

For free cash flow, Talen predicted a range of $265 million to $285 million this year, also lifting the lower end of the range from $245 million.

The good news on the guidance was in addition to a solid third quarter. Talen delivered $3.16 per share in earnings compared with 26 cents consensus among analysts tracking the stock on FactSet. Operating revenue of $650 million was also ahead of the $522.1 million predicted by the Street.

Write to Karishma Vanjani at karishma.vanjani@dowjones.com.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 14, 2024 08:28 ET (13:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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That's helping the stock recover some of the losses following a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065171311.SGD","symbol_name":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483680816","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483680816","pubTimestamp":1731590880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Talen Energy shares are getting a boost from a big jump from improved guidance and a strong earnings report. 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