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

Talen Energy Co. (OTCMKTS:TLNE) reached a new 52-week high during mid-day trading on Tuesday . The company 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.

Analysts Set New Price Targets

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

Talen Energy Price Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.95 and a current ratio of 4.56. The firm’s 50-day simple moving average is $111.98 and its 200-day simple moving average is $89.66.

Talen Energy (OTCMKTS:TLNE) last announced its earnings results on Monday, May 13th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $1.05. The company had revenue of $509.00 million for the quarter, compared to the consensus estimate of $597.00 million. Equities research analysts predict that Talen Energy Co. will post 0.78 earnings per share for the current fiscal 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.