Talen Energy: Very Solid FCF Yield, With More Upside If Data Center Pipeline Converts

Talen Energy remains a buy, with robust FCF growth visibility driven by data center demand and the Cornerstone acquisition. TLN raised 2026 adj. EBITDA guidance to $2.025–2.225 billion and adj. FCF to $1.2–1.35 billion, excluding Keystone, implying further upside. The 2028/2029 PJM capacity auction and a growing data center pipeline underpin a more predictable, resilient earnings base and margin mix.

Seeking Alpha • Aug 12, 2026

TLN Q2 Earnings Call Emphasizes Cash Flow and Data Center Strategy

Talen Energy raises 2026 guidance and its 2028 cash-flow outlook while advancing grid-connected data centers and preserving merchant upside in PJM.

Zacks Investment Research • Aug 7, 2026

Talen Energy Q2 Earnings Call Highlights

Talen Energy NASDAQ: TLN reported second-quarter adjusted EBITDA of $374 million and adjusted free cash flow of $212 million, citing contributions from recently acquired natural gas plants, higher PJM capacity pricing, increased generation volumes and the ramp of its AWS contract.

MarketBeat • Aug 6, 2026

Talen Energy: The PPL Basis Discount Is The Dark Horse For FCF Growth

Talen Energy Corporation is rated Buy with a $575/share 2028 price target, driven by strong capacity auction results and robust FCF projections. TLN benefits from multi-year visibility into rising contracted revenues, with capacity prices at PJM's cap and 20% further upside expected in 2H-2026. Transmission upgrades and in-zone demand growth could narrow the $20/MW-hr PPL basis, potentially boosting FCF yield to 17% or higher by 2028.

Seeking Alpha • Aug 7, 2026

Talen Energy Corporation (TLN) Q2 2026 Earnings Call Transcript

Talen Energy Corporation (TLN) Q2 2026 Earnings Call Transcript

Seeking Alpha • Aug 6, 2026

Talen Energy Corporation (TLN) Q2 Earnings and Revenues Miss Estimates

Talen Energy Corporation (TLN) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $3.2 per share. This compares to a loss of $1.19 per share a year ago.

Zacks Investment Research • Aug 6, 2026

Talen Energy Set to Report Q2 Earnings: What's in Store for the Stock?

TLN heads into second-quarter results with sharply higher estimates, added gas-fired capacity and a strategy focused on locking in new power demand.

Zacks Investment Research • Aug 4, 2026

All You Need to Know About Talen Energy Corporation (TLN) Rating Upgrade to Strong Buy

Talen Energy Corporation (TLN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks Investment Research • Jul 30, 2026

Talen Energy Corporation (TLN) Reports Next Week: Wall Street Expects Earnings Growth

Talen Energy Corporation (TLN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Jul 29, 2026

3 Alternative Energy Stocks Riding the Next Wave of Clean Energy Growth

BE, TLN and MNTK are well positioned to benefit from the long-term growth of renewable energy, supported by expanding wind power, rising EV adoption and improving clean energy demand.

Zacks Investment Research • Jul 29, 2026