Fintel reports that on December 4, 2024, Daiwa Capital initiated coverage of Talen Energy (NasdaqGS:TLN) with a Buy recommendation.
Analyst Price Forecast Suggests 9.75% Upside
As of December 3, 2024, the average one-year price target for Talen Energy is $243.33/share. The forecasts range from a low of $204.02 to a high of $282.45. The average price target represents an increase of 9.75% from its latest reported closing price of $221.71 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual non-GAAP EPS is 1.10.
What is the Fund Sentiment?
There are 347 funds or institutions reporting positions in Talen Energy. This is an increase of 280 owner(s) or 417.91% in the last quarter. Average portfolio weight of all funds dedicated to TLN is 1.37%, an increase of 72.03%. Total shares owned by institutions increased in the last three months by 537.26% to 58,220K shares. 
The put/call ratio of TLN is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
Rubric Capital Management holds 11,369K shares.
MFN Partners Management holds 3,000K shares.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,628K shares.
River Road Asset Management holds 1,558K shares.
Capital World Investors holds 1,474K shares.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
