TLN
Talen Energy Corporation
NasdaqGSUSDEQUITY
Utilities
DELAYED
Buy
+45/100
Last price
373.11
▲ 41.24 (12.43%)
MARKET · —
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Open
—
Prev close
331.87
Day high
377.99
Day low
349.28
Volume
2.82M
Market cap
$17.65B
P/E (TTM)
—
52W range
279.77 – 449.84
Trailing performance
Returnvs SPY
1W
+18.51%
+16.6%
1M
+17.70%
+16.5%
3M
+1.42%
-3.1%
6M
+13.04%
-5.1%
YTD
-0.46%
-14.7%
1Y
-14.91%
-31.3%
3Y
+605.31%
+523.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TLN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+924.17K
Net buying
Buy transactions
17
926.77K shares
Sell transactions
1
2.60K shares
Net transactions
+18
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
662.17K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 15, 26 | NUTT TERRY L President |
— | 8.31K | — | Direct |
| Jun 15, 26 | ABBAS GIZMAN I. Director |
SELL | 2.60K | $988.00K | Direct |
| May 22, 26 | HYDE KAREN T Director |
— | 4.13K | — | Direct |
| May 22, 26 | MORICE CHRISTOPHER E Officer |
— | 67.03K | — | Direct |
| May 22, 26 | LEBSACK DALE E JR. Officer |
— | 85.62K | — | Direct |
| May 22, 26 | WRIGHT ANDREW M. Officer |
— | 95.53K | — | Direct |
| May 22, 26 | BERRYMAN BRAD Chief Operating Officer |
— | 99.14K | — | Direct |
| May 22, 26 | MULLER COLE Chief Financial Officer |
— | 62.86K | — | Direct |
| May 22, 26 | PLAGENS ANTHONY J. Officer |
— | 5.67K | — | Direct |
| May 22, 26 | CASULLI EDWARD T. Officer |
— | 6.38K | — | Direct |
| May 22, 26 | OLAGUES DARREN J Officer |
— | 7.39K | — | Direct |
| May 22, 26 | ABBAS GIZMAN I. Director |
— | 4.13K | — | Direct |
| May 22, 26 | HORTON ANTHONY R Director |
— | 4.13K | — | Direct |
| May 22, 26 | NUTT TERRY L President |
— | 90.83K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BERRYMAN BRAD |
Chief Operating Officer | 67.73K | Conversion of Exercise of derivative security |
LEBSACK DALE E JR. |
Officer | 62.93K | Conversion of Exercise of derivative security |
MCFARLAND MARK ALLEN |
Chief Executive Officer | 260.45K | Conversion of Exercise of derivative security |
MORICE CHRISTOPHER E |
Officer | 49.17K | Conversion of Exercise of derivative security |
MULLER COLE |
Chief Financial Officer | 42.97K | Conversion of Exercise of derivative security |
NUTT TERRY L |
President | 72.86K | Conversion of Exercise of derivative security |
RUBRIC CAPITAL MANAGEMENT L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
SCHAEFER STEPHEN JAMES |
Director | 19.82K | Conversion of Exercise of derivative security |
WANDER JOHN C |
General Counsel | 12.60K | Conversion of Exercise of derivative security |
WRIGHT ANDREW M. |
Officer | 70.20K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$17.65B
Enterprise value$27.24B
Revenue (TTM)$3.74B
Gross profit$1.58B
EBITDA$582.00M
Net income$-185.00M
EPS (TTM)$-4.13
Free cash flow$1.26B
Total cash$232.00M
Total debt$9.57B
Book value / share$33.74
Shares outstanding47.30M
Float38.11M
Short % of float6.33%
Dividend yield0.00%
Beta (5Y)1.62
Valuation & profitability ratios
Trailing P/E—
Forward P/E12.13
PEG ratio—
Price / sales—
Price / book11.06
EV / revenue7.28
EV / EBITDA46.81
Gross margin42.10%
Operating margin-4.80%
Profit margin-4.95%
Return on equity-12.83%
Return on assets0.92%
Debt / equity584.14
Current ratio0.78
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.63B | $2.07B | $2.41B | $1.77B | +26.7% |
| Operating revenue | $2.63B | $2.07B | $2.41B | $1.77B | +26.7% |
| Cost of revenue | $1.63B | $1.41B | $1.64B | $1.53B | +15.3% |
| Gross profit | $1.00B | $664.00M | $770.00M | $241.00M | +50.8% |
| Selling, general & admin | $624.00M | $163.00M | $106.00M | $147.00M | +282.8% |
| Total operating expense | $985.00M | $499.00M | $666.00M | $687.00M | +97.4% |
| Operating income | $16.00M | $165.00M | $104.00M | -$446.00M | -90.3% |
| Net interest income | -$302.00M | -$238.00M | -$359.00M | -$326.00M | -26.9% |
| Pre-tax income | -$166.00M | $1.11B | -$1.33B | -$1.29B | -114.9% |
| Tax provision | $53.00M | $98.00M | -$35.00M | -$297.00M | -45.9% |
| Net income | -$219.00M | $998.00M | -$1.29B | -$989.00M | -121.9% |
| Net income to common | -$219.00M | $998.00M | -$1.29B | -$989.00M | -121.9% |
| Basic EPS | -4.79 | 18.40 | -2,864.44 | -2,198.06 | -126.0% |
| Diluted EPS | -4.79 | 17.67 | -2,864.44 | -2,198.06 | -127.1% |
| EBIT | $136.00M | $1.35B | -$969.00M | -$960.00M | -89.9% |
| EBITDA | $512.00M | $1.76B | -$326.00M | -$309.00M | -70.9% |
| Basic shares | 45.69M | 54.25M | 450.00K | 450.00K | -15.8% |
| Diluted shares | 45.69M | 56.49M | 450.00K | 450.00K | -19.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $689.00M | $328.00M | $400.00M | $1.00M | — | +110.1% |
| Cash & short-term investments | $689.00M | $328.00M | $400.00M | $1.00M | — | +110.1% |
| Accounts receivable | $160.00M | $66.00M | $52.00M | $0 | — | +142.4% |
| Inventory | $278.00M | $302.00M | $375.00M | $0 | — | -7.9% |
| Total current assets | $1.35B | $1.04B | $1.55B | $2.00M | — | +29.7% |
| Property, plant & equipment | $7.55B | $3.15B | $3.84B | $0 | — | +139.3% |
| Goodwill & intangibles | — | — | — | $73.00M | $80.00M | — |
| Total assets | $10.90B | $6.11B | $7.12B | $2.00M | — | +78.6% |
| Total current liabilities | $1.05B | $455.00M | $486.00M | $0 | — | +130.8% |
| Current debt | $29.00M | $17.00M | $9.00M | $1.86B | — | +70.6% |
| Long-term debt | $6.78B | $2.99B | $2.81B | $2.49B | — | +127.1% |
| Total debt | $6.81B | $3.00B | $2.82B | $4.35B | — | +126.7% |
| Total liabilities | $9.81B | $4.72B | $4.59B | $3.00M | — | +107.9% |
| Retained earnings | -$612.00M | -$326.00M | $134.00M | -$2.97B | — | -87.7% |
| Shareholder equity | $1.09B | $1.39B | $2.46B | -$1.00M | — | -21.2% |
| Working capital | $299.00M | $585.00M | $1.07B | $2.00M | — | -48.9% |
| Net tangible assets | $1.09B | $1.39B | $2.46B | -$1.00M | — | -21.2% |
| Shares issued | 45.69M | 45.96M | 53.25M | — | — | -0.6% |
| Line item | 2025 | 2024 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|
| Net income | -$219.00M | $1.01B | -$1.29B | -$989.00M | -121.6% |
| Depreciation & amortisation | $279.00M | $285.00M | $549.00M | $555.00M | -2.1% |
| Stock-based compensation | $526.00M | $33.00M | — | — | +1,493.9% |
| Change in working capital | -$103.00M | -$9.00M | $348.00M | -$12.00M | -1,044.4% |
| Operating cash flow | $704.00M | $256.00M | $187.00M | -$291.00M | +175.0% |
| Capital expenditure | -$206.00M | -$189.00M | -$312.00M | -$250.00M | -9.0% |
| Investing cash flow | -$4.00B | $1.17B | -$368.00M | -$328.00M | -441.8% |
| Share buybacks | -$103.00M | -$1.96B | $0 | — | +94.7% |
| Financing cash flow | $3.69B | -$1.96B | $426.00M | $1.01B | +287.8% |
| Free cash flow | $498.00M | $67.00M | -$125.00M | -$541.00M | +643.3% |
| End cash position | $752.00M | $365.00M | $988.00M | $753.00M | +106.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $959.00M | $1.24B | $771.00M | $770.00M | $454.00M | — | -22.7% |
| Operating revenue | $959.00M | $1.24B | $771.00M | $770.00M | $454.00M | — | -22.7% |
| Cost of revenue | $589.00M | $752.00M | $408.00M | $417.00M | $360.00M | — | -21.7% |
| Gross profit | $370.00M | $489.00M | $363.00M | $353.00M | $94.00M | — | -24.3% |
| Selling, general & admin | $98.00M | $24.00M | $511.00M | $38.00M | $41.00M | — | +308.3% |
| Total operating expense | $231.00M | $125.00M | $624.00M | $126.00M | $120.00M | — | +84.8% |
| Operating income | $139.00M | $364.00M | -$261.00M | $227.00M | -$26.00M | — | -61.8% |
| Net interest income | -$214.00M | -$119.00M | -$99.00M | -$67.00M | -$62.00M | — | -79.8% |
| Pre-tax income | -$129.00M | $81.00M | -$380.00M | $304.00M | $97.00M | — | -259.3% |
| Tax provision | -$37.00M | $18.00M | -$17.00M | $97.00M | $25.00M | — | -305.6% |
| Net income | -$92.00M | $63.00M | -$363.00M | $207.00M | $72.00M | — | -246.0% |
| Net income to common | -$92.00M | $63.00M | -$363.00M | $207.00M | $72.00M | — | -246.0% |
| Basic EPS | -2.00 | 1.38 | — | 4.52 | 1.58 | -2.94 | -244.9% |
| Diluted EPS | -2.00 | 1.33 | — | 4.25 | 1.50 | -2.94 | -250.4% |
| EBIT | $85.00M | $200.00M | -$281.00M | $371.00M | $159.00M | — | -57.5% |
| EBITDA | $199.00M | $290.00M | -$184.00M | $465.00M | $246.00M | — | -31.4% |
| Basic shares | 45.90M | 45.61M | — | 45.68M | 45.55M | 45.85M | +0.6% |
| Diluted shares | 45.90M | 47.43M | — | 48.58M | 47.91M | 45.85M | -3.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $231.00M | $1.02B | $689.00M | $497.00M | $122.00M | -77.5% |
| Cash & short-term investments | $231.00M | $1.02B | $689.00M | $497.00M | $122.00M | -77.5% |
| Accounts receivable | $240.00M | $109.00M | $160.00M | $115.00M | $154.00M | +120.2% |
| Inventory | $298.00M | $244.00M | $278.00M | $263.00M | $224.00M | +22.1% |
| Total current assets | $1.03B | $1.51B | $1.35B | $1.05B | $830.00M | -31.9% |
| Property, plant & equipment | $11.93B | $7.50B | $7.55B | $3.08B | $3.09B | +59.1% |
| Total assets | $15.07B | $10.99B | $10.90B | $6.10B | $5.83B | +37.1% |
| Total current liabilities | $1.32B | $1.21B | $1.05B | $457.00M | $452.00M | +8.8% |
| Current debt | $29.00M | $29.00M | $29.00M | $17.00M | $87.00M | 0.0% |
| Long-term debt | $9.54B | $6.78B | $6.78B | $2.97B | $2.97B | +40.8% |
| Total debt | $9.57B | $6.81B | $6.81B | $2.99B | $3.06B | +40.6% |
| Total liabilities | $13.43B | $9.92B | $9.81B | $4.63B | $4.58B | +35.4% |
| Retained earnings | -$905.00M | -$638.00M | -$612.00M | -$249.00M | -$456.00M | -41.8% |
| Shareholder equity | $1.62B | $1.07B | $1.09B | $1.47B | $1.25B | +50.6% |
| Working capital | -$288.00M | $299.00M | $299.00M | $591.00M | $378.00M | -196.3% |
| Net tangible assets | $1.62B | $1.07B | $1.09B | $1.47B | $1.25B | +50.6% |
| Shares issued | 47.90M | 45.40M | 45.69M | 45.69M | 45.66M | +5.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$92.00M | $63.00M | -$363.00M | $207.00M | $72.00M | -246.0% |
| Depreciation & amortisation | $92.00M | $66.00M | $71.00M | $67.00M | $69.00M | +39.4% |
| Stock-based compensation | $70.00M | -$1.00M | $484.00M | $15.00M | $16.00M | +7,100.0% |
| Change in working capital | -$103.00M | $113.00M | -$60.00M | $171.00M | -$184.00M | -191.2% |
| Operating cash flow | -$434.00M | $461.00M | $280.00M | $489.00M | -$184.00M | -194.1% |
| Capital expenditure | -$178.00M | -$69.00M | -$40.00M | -$65.00M | -$37.00M | -158.0% |
| Investing cash flow | -$2.75B | -$72.00M | -$3.85B | -$42.00M | -$46.00M | -3,722.2% |
| Share buybacks | -$198.00M | -$100.00M | $0 | $0 | -$20.00M | -98.0% |
| Financing cash flow | $2.40B | -$114.00M | $3.82B | -$85.00M | $45.00M | +2,202.6% |
| Free cash flow | -$612.00M | $392.00M | $240.00M | $424.00M | -$221.00M | -256.1% |
| End cash position | $238.00M | $1.03B | $752.00M | $497.00M | $135.00M | -76.8% |
Options analytics
Put / call volume
0.86
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
220.00
-41.0% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
185
Contracts, this expiry
Put volume
159
Contracts, this expiry
Heaviest call OI
220.00
0 contracts
Heaviest put OI
225.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 3.39 | 2.37 | -30.0% |
| Mar 2026 | 4.26 | 4.38 | +2.9% |
| Dec 2025 | 4.33 | 4.38 | +1.2% |
| Sep 2025 | 3.67 | 3.29 | -10.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 7.37 | 4 | $1.33B | +64.3% |
| Next quarter | 5.84 | 4 | $1.22B | +62.3% |
| Current year | 22.26 | 6 | $4.53B | +75.5% |
| Next year | 30.75 | 6 | $5.24B | +15.7% |
Analyst targets & ownership
Mean target$455.65
High target$560.00
Low target$307.00
Implied upside22.12%
Analyst count17
ConsensusBUY
Strong buy / Buy6 / 9
Hold2
Sell / Strong sell0 / 0
Held by insiders1.38%
Held by institutions103.58%
Institutions holding814
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
318.46
+17.16% from price
SMA 20
308.25
+21.04% from price
SMA 50
319.00
+16.96% from price
SMA 100
347.72
+7.30% from price
SMA 200
351.73
+6.08% from price
EMA 12
322.04
+15.86% from price
EMA 26
316.34
+17.95% from price
EMA 50
323.14
+15.46% from price
RSI (14)
74.4
Overbought
MACD (12,26,9)
5.70
Hist 7.81
ATR (14)
16.17
4.33% of price
Realised vol 30D
51.3%
Annualised
Bollinger upper
347.87
20, 2σ
Bollinger lower
268.63
20, 2σ
50 / 200 cross
Death
319.00 vs 351.73
Trend bias
Above 200
+6.08%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.96
More volatile than market
Correlation to SPY
0.45
Loosely linked
Realised vol 30D
51.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-36.7%
Peak to trough
Max drawdown 5Y
-36.7%
Peak to trough
ATR 14
16.17
4.33% of price
Beta (reported)
1.62
5Y monthly, from filing
Short interest
Shares short
2.71M
Prior 2.16M
Change vs prior
+25.5%
Shorts adding
% of float
6.33%
Normal
% of shares out
5.65%
Against total outstanding
Days to cover
3.2
Liquid
Float
38.11M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 18, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Aug 24, 26 | Mizuho | INITIATED | — | Outperform |
| Aug 21, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Aug 6, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Jul 28, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 27, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Jul 20, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Jul 15, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jun 18, 26 | Goldman Sachs | INITIATED | — | Buy |
| May 19, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| May 6, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Apr 21, 26 | Barclays | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-29
Corporate Changes & Voting Matters
8-K/A · 2026-08-12
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-14
Offering Registrations
S-3ASR · 2026-06-18
Corporate Changes & Voting Matters
8-K · 2026-06-15
Corporate Changes & Voting Matters
8-K · 2026-05-21
Corporate Changes & Voting Matters
8-K · 2026-05-07
Headlines
Vistra vs. Talen: Which AI Power Stock Has the Stronger Cash-Flow Case?
Insider Monkey · 6h ago
Power Stocks Just Broke Out of a Long Slump. Here’s Why.
Barrons.com · 12h ago
CEG, VST, TLN Jump: Google’s Power Deal Sparks A Nuclear Rally
Stocktwits · 14h ago
Power Stocks Rally After Constellation Energy, Google Strike Nuclear Deal
The Wall Street Journal · 15h ago
Stock Market Midday, Oct. 6: S&P 500 Sets New High, Nuclear Stocks Surge
Motley Fool · 16h ago
Constellation Energy Soars 12% on Google Nuclear Deal for 890 MW; Vistra Jumps 8%, Talen Energy Climbs 7%
24/7 Wall St. · 18h ago
3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
MarketBeat · 2d ago
Talen Energy (TLN) Buyback Puts Its Undervalued Narrative To The Test
Simply Wall St. · 3d ago
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