Latest news with #TalenEnergyCorporation
Yahoo
15-05-2025
- Business
- Yahoo
Is Talen Energy (TLN) the Best Young Stock to Buy According to Hedge Funds?
We recently published a list of the 11 Best Young Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Talen Energy Corporation (NASDAQ:TLN) stands against other best young stocks. NASDAQ CEO and chair Adena Friedman appeared on CNBC's 'Squawk Box' on April 24 to discuss what to make of the market volatility, as well as the IPO landscape. Friedman reported that NASDAQ achieved 12.5% overall revenue growth in the quarter, with every division posting double-digit increases. Specifically, the index business grew by 26%, which was supported by $27 billion of inflows during the quarter. Half of these inflows were directed into NASDAQ 100 index products, while the other half went into various other indexes offered by NASDAQ. Friedman also acknowledged that the economy entered the year with resilience but faced increasing uncertainty and volatility as the quarter progressed. However, she explained that such environments often drive clients to turn to NASDAQ as the market operator of choice to manage their trading volumes and capital flows. She noted that even amid market value fluctuations, NASDAQ saw inflows into its index products and strong demand for its fintech services. The discussion also indicated that while short-term market volatility can boost trading activity and liquidity, longer-term IPO prospects depend on broader economic conditions. Friedman said that IPO activity and investor behavior could change more significantly if the economy were to enter an extended recession. But for now, NASDAQ benefits from a strong start to the year and remains a preferred venue for investors to express their views. The conversation then turned to global capital flows, particularly as Chinese sovereign wealth funds may reduce investments in US venture capital and private equity firms. Friedman stated that the capital flows where returns are the strongest. She emphasized that asset owners and managers have 'fiduciary' responsibilities to their ultimate beneficiaries and will prioritize returns over the long term. Acknowledging the influence of geopolitical and political factors on investment decisions, Friedman stressed that NASDAQ's role is to provide the infrastructure that allows capital to flow efficiently regardless of shifts. We first used the Finviz stock screener to compile a list of young stocks that went public in the last 3 years. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An oil derrick in the North Sea, revealing the scope of the company's drilling operations. Number of Hedge Fund Holders: 77 Talen Energy Corporation (NASDAQ:TLN) is an independent power producer and infrastructure company that produces and sells electricity, capacity, and ancillary services into wholesale power markets in the US. The company operates nuclear, fossil, oil, natural gas, and coal power plants, and owns and operates ~10.7 GW of power infrastructure. Talen's growth is fueled by its data center power supply segment, most notably through its contract with Amazon Web Services/AWS at its Susquehanna site. The contract involves the delivery of power to the company's Susquehanna campus, which has now been electrified and is generating revenue. The initial phase of this agreement is a 300-megawatt Interconnection Service Agreement/ISA, and Talen is pursuing opportunities to expand beyond this capacity to meet AWS's increasing needs. BofA raised the price target on Talen to $255 from $247 and kept a Buy rating on May 5. This adjustment followed the firm's updated EBITDA estimates and removed its prior 5% discount from the base business. This was due to the favorable political environment for coal, the collar on the next two capacity auctions, and the inclusion of Susquehanna's base generation in this segment. River Road Mid Cap Value Fund highlighted Talen as a top contributor to the firm and stated the following regarding Talen Energy Corporation (NASDAQ:TLN) in its Q4 2024 investor letter: 'Another top contributor was Talen Energy Corporation (NASDAQ:TLN), a leading independent power producer. TLN boasts a diverse 10.7 GW generation portfolio spanning nuclear (48%), natural gas (41%), and coal (11%) assets across the PJM (northeastern states) and WECC (western regions). The electrical grid faces mounting pressure from rapidly escalating demand, fueled by transformative technologies like artificial intelligence (AI). Consequently, the price of clean and reliable nuclear power is expected to increase significantly. TLN's crown jewel, the Susquehanna nuclear facility, enjoys dual advantages: a tax credit safeguarding its cash flow downside and upside cash flow potential as power prices respond to new agreements. These benefits are exemplified by TLN's recent contract with Amazon® and Constellation Energy Group's (CEG) plans to reactivate Three Mile Island to meet Microsoft's® demand. Overall, TLN ranks 3rd on our list of the best young stocks to buy according to hedge funds. While we acknowledge the growth potential of TLN, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TLN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
13-05-2025
- Business
- Yahoo
Is Talen Energy (TLN) the Best Young Stock to Buy According to Hedge Funds?
We recently published a list of the 11 Best Young Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Talen Energy Corporation (NASDAQ:TLN) stands against other best young stocks. NASDAQ CEO and chair Adena Friedman appeared on CNBC's 'Squawk Box' on April 24 to discuss what to make of the market volatility, as well as the IPO landscape. Friedman reported that NASDAQ achieved 12.5% overall revenue growth in the quarter, with every division posting double-digit increases. Specifically, the index business grew by 26%, which was supported by $27 billion of inflows during the quarter. Half of these inflows were directed into NASDAQ 100 index products, while the other half went into various other indexes offered by NASDAQ. Friedman also acknowledged that the economy entered the year with resilience but faced increasing uncertainty and volatility as the quarter progressed. However, she explained that such environments often drive clients to turn to NASDAQ as the market operator of choice to manage their trading volumes and capital flows. She noted that even amid market value fluctuations, NASDAQ saw inflows into its index products and strong demand for its fintech services. The discussion also indicated that while short-term market volatility can boost trading activity and liquidity, longer-term IPO prospects depend on broader economic conditions. Friedman said that IPO activity and investor behavior could change more significantly if the economy were to enter an extended recession. But for now, NASDAQ benefits from a strong start to the year and remains a preferred venue for investors to express their views. The conversation then turned to global capital flows, particularly as Chinese sovereign wealth funds may reduce investments in US venture capital and private equity firms. Friedman stated that the capital flows where returns are the strongest. She emphasized that asset owners and managers have 'fiduciary' responsibilities to their ultimate beneficiaries and will prioritize returns over the long term. Acknowledging the influence of geopolitical and political factors on investment decisions, Friedman stressed that NASDAQ's role is to provide the infrastructure that allows capital to flow efficiently regardless of shifts. We first used the Finviz stock screener to compile a list of young stocks that went public in the last 3 years. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An oil derrick in the North Sea, revealing the scope of the company's drilling operations. Number of Hedge Fund Holders: 77 Talen Energy Corporation (NASDAQ:TLN) is an independent power producer and infrastructure company that produces and sells electricity, capacity, and ancillary services into wholesale power markets in the US. The company operates nuclear, fossil, oil, natural gas, and coal power plants, and owns and operates ~10.7 GW of power infrastructure. Talen's growth is fueled by its data center power supply segment, most notably through its contract with Amazon Web Services/AWS at its Susquehanna site. The contract involves the delivery of power to the company's Susquehanna campus, which has now been electrified and is generating revenue. The initial phase of this agreement is a 300-megawatt Interconnection Service Agreement/ISA, and Talen is pursuing opportunities to expand beyond this capacity to meet AWS's increasing needs. BofA raised the price target on Talen to $255 from $247 and kept a Buy rating on May 5. This adjustment followed the firm's updated EBITDA estimates and removed its prior 5% discount from the base business. This was due to the favorable political environment for coal, the collar on the next two capacity auctions, and the inclusion of Susquehanna's base generation in this segment. River Road Mid Cap Value Fund highlighted Talen as a top contributor to the firm and stated the following regarding Talen Energy Corporation (NASDAQ:TLN) in its Q4 2024 investor letter: 'Another top contributor was Talen Energy Corporation (NASDAQ:TLN), a leading independent power producer. TLN boasts a diverse 10.7 GW generation portfolio spanning nuclear (48%), natural gas (41%), and coal (11%) assets across the PJM (northeastern states) and WECC (western regions). The electrical grid faces mounting pressure from rapidly escalating demand, fueled by transformative technologies like artificial intelligence (AI). Consequently, the price of clean and reliable nuclear power is expected to increase significantly. TLN's crown jewel, the Susquehanna nuclear facility, enjoys dual advantages: a tax credit safeguarding its cash flow downside and upside cash flow potential as power prices respond to new agreements. These benefits are exemplified by TLN's recent contract with Amazon® and Constellation Energy Group's (CEG) plans to reactivate Three Mile Island to meet Microsoft's® demand. Overall, TLN ranks 3rd on our list of the best young stocks to buy according to hedge funds. While we acknowledge the growth potential of TLN, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TLN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Business
- Yahoo
Is Talen Energy Corporation (TLN) the Best Nuclear Energy Stock to Buy According to Billionaires?
We recently published a list of the . In this article, we are going to take a look at where Talen Energy Corporation (NASDAQ:TLN) stands against other best nuclear stocks. Nuclear power now provides just under 10% of the global electricity supply, becoming the second-largest source of low-emission electricity in the world. This number is expected to grow significantly, as according to the International Energy Agency, over 70 GW of new nuclear capacity is under construction globally, while more than 40 countries around the world have plans to expand nuclear's role in their energy systems. Nuclear energy also provided over 19% of the United States' electricity in 2024, despite representing less than 8% of the country's total operating capacity. READ ALSO: 11 Best Solar Energy Stocks to Buy According to Hedge Funds Nuclear power has also emerged as a forerunner for powering the ongoing AI boom and its accompanying data centers. According to the latest estimates by Deloitte, data center electricity demand could rise fivefold by 2035, reaching 176 GW. Approximately 10% of this demand is projected to be met by nuclear energy. Just last month, several tech giants met on the sidelines of the CERAWeek conference in Houston and signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. Yet, the issue is that many of these projects will take years to construct, with some of them even a decade or more away. They also cost billions of dollars and often face challenges related to construction timelines and cost overruns, which can hinder their economic viability and competitiveness. A solution to this has emerged in the form of SMRs, or small modular reactors, that have a power capacity of up to 300 MW per unit and are quicker to build with greater scope for cost reductions. Moreover, they can be factory-built from standard parts and are touted as flexible enough to plunk down for a single customer, like a data center or an industrial complex. The IEA estimates that with the right support, SMR installations could reach 80 GW by 2040, accounting for 10% of the overall nuclear capacity globally. Despite a record surge in demand, a large number of nuclear energy stocks have witnessed a significant decline over the last year due to the declining price of uranium, which has fallen by around 37% since January 2024. Part of this stems from increasing tensions between the US and Canada, which is the largest supplier of uranium to its southern neighbor. Another reason behind the low uranium price is believed to be the potential lifting of sanctions on Russia, which was the largest supplier of enriched uranium to the US commercial sector in 2022 and 2023. However, the country banned the import of Russian uranium last year, with the aim of incentivizing domestic manufacturing. The Department of Energy was also awarded $2.7 billion in funding, in an attempt to spur the growth of the US nuclear fuel supply chain. As a result, five US facilities in Wyoming and Texas have spurred a 24% increase in domestic uranium production throughout 2024. Moreover, after President Trump recently ordered a probe into potentially imposing tariffs on critical mineral imports, including uranium, investors are piling in to acquire stakes in domestic uranium companies. A row of utility poles and power lines, showing the reach of the electric utility operations. To collect data for this article, we scanned Insider Monkey's database of billionaires and picked the top 10 companies operating in the nuclear power sector with the highest number of hedge fund investors in Q4 of 2024. When two or more companies had the same number of billionaires investing in them, we ranked them by their market cap as of the writing of this piece. The following are the Best Nuclear Energy Stocks According to Billionaires. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). Number of Billionaire Holders: 12 Next on our list of the Best Nuclear Power Stocks is Talen Energy Corporation (NASDAQ:TLN), a leading independent power producer and energy infrastructure company with 10.7 GW of generation assets, including 2.2 GW of nuclear power. Talen Energy Corporation (NASDAQ:TLN) reported a strong performance in Q4 2024, posting an EPS of $0.47, significantly above analysts' estimates by $0.67. The company's revenue of $467 million also topped expectations by $33.1 million, despite being down 11.39% YoY. TLN maintains a robust balance sheet, with approximately $1.2 billion of liquidity, including over $470 million in cash. The company also generated an adjusted free cash flow of $283 million in FY 2024, exceeding its guidance midpoint. Talen Energy Corporation (NASDAQ:TLN) remains committed to its shareholders, with a target to return 70% of its adjusted free cash flow. The company repurchased $2 billion worth of its stock in 2024, equal to 22% of its total outstanding shares. Moreover, it still has $1.1 billion of remaining share repurchase program capacity through year-end 2026. River Road Asset Management stated the following regarding Talen Energy Corporation (NASDAQ:TLN) in its Q4 2024 investor letter: 'Another top contributor was Talen Energy Corporation (NASDAQ:TLN), a leading independent power producer. TLN boasts a diverse 10.7 GW generation portfolio spanning nuclear (48%), natural gas (41%), and coal (11%) assets across the PJM (northeastern states) and WECC (western regions). The electrical grid faces mounting pressure from rapidly escalating demand, fueled by transformative technologies like artificial intelligence (AI). Consequently, the price of clean and reliable nuclear power is expected to increase significantly. TLN's crown jewel, the Susquehanna nuclear facility, enjoys dual advantages: a tax credit safeguarding its cash flow downside and upside cash flow potential as power prices respond to new agreements. These benefits are exemplified by TLN's recent contract with Amazon® and Constellation Energy Group's (CEG) plans to reactivate Three Mile Island to meet Microsoft's® demand. Overall, TLN ranks 6th on our list of the best nuclear energy stocks to buy according to billionaires. While we acknowledge the potential of TLN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TLN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
19-04-2025
- Business
- Yahoo
Talen Energy Corporation (TLN): Among the Best Utility Stocks to Buy According to Analysts
We recently published a list of 13 Best Utility Stocks to Buy According to Analysts. In this article, we are going to take a look at where Talen Energy Corporation (NASDAQ:TLN) stands against other best utility stocks to buy according to analysts. Utility stocks represent companies primarily engaged in providing electricity, natural gas, and water distribution services, which are considered essential for households and most businesses. These companies are characterized by stable revenue streams, regulated operations, and often predictable earnings, making them attractive investment opportunities for risk-averse investors or those seeking steady income through dividends. The utility stocks are typically low-growth, as they operate in mature and well-established markets that only grow according to demographic trends, which are typically in low single digits. For these reasons, many investors have overlooked this sector, especially considering that it comprises less than 3% of the entire US stock market capitalization, making it relatively insignificant. Despite its drawbacks, the utility sector becomes particularly appealing during periods of economic uncertainty or downturns, as the defensive nature of their business allows them to deliver more consistent returns and often hold their value while the overall market declines. With the broader market currently entering its first death-cross since 2022, the question of hedging one's portfolio with defensive stocks becomes increasingly more relevant. There are solid reasons to believe that, similar to 2022, when a 12-month-long bear market kicked in with the emergence of a death-cross on the technical chart, the US stock market will now enter a prolonged bear market as well. READ ALSO: 12 Best Electric Utility Stocks to Buy Now First of all, it is well-known that the current market correction has been fueled by the Trump Tariff Turmoil, which cast a lot of uncertainty on consumption, Capex projects, and overall spending outlook in the US. We believe, however, that the root cause of President Trump's action represents the attempt to normalize the country's budget deficits, which have become critical in the last months. The US budget for 1H 2025 has been released, and it shows $2.3 trillion in tax revenues, $3.6 trillion in expenditures, for a total $1.3 trillion deficit. More importantly, the interest payments on the massive public debt represent a whopping ~26% of total tax revenue. To balance the budget, taxes would have to rise by an astounding 57%, or spending would have to be cut by 36%, both of which seem completely unrealistic in the current reality. This leads to the possibility that $390 billion worth of tax cuts that expire this year will not be extended. Also, the previously promised tax cuts seem very unlikely – this was an important card in the President's sleeve, which now seems unlikely to be played any time soon. In this context, the current administration has no means to provide any short-term boost to corporate earnings if the market dips too low. Under such a scenario, utility stocks appear like a safe haven to safeguard one's funds while earning a solid dividend yield, which most of the companies provide. Besides its defensive nature, the utility sector entered a period of acceleration in the business – the sector's outperformance actually started at the beginning of 2024 due to the AI megatrend. Fidelity claims that there is a once-in-a-generation opportunity with utility stocks as their previous anemic 1-2% growth has the potential to increase to 6-8% over the next 10 years, which will also provide a substantial expansion in their valuation multiples. The main driver of this expected acceleration is coming from AI: 'The rapidly developing technology of artificial intelligence is proving to be a significant boost to predicted energy demand over the next decade. AI requires immense computational power, storage space, and low-latency networking for training and running models. These applications are usually hosted in data centers. As AI continues to become more ubiquitous, the energy demands from data centers will grow exponentially, which I believe will translate to higher earnings growth for certain utilities. Driven by these trends, energy demand is forecasted to grow over 38% over the next 2 decades. Regulated utilities will need to build new power plants to satisfy this surge in demand. Deregulated utilities should also benefit. As reserve margins are tightening, power prices for existing energy should also increase.' All in all, the key takeaway for readers is that the utility sector is favored by both its defensive nature as well as the large-scale acceleration in electricity demand due to the AI trend. Consequently, we are currently at an opportune moment to invest in the best utility stocks. Photo by Frédéric Paulussen on Unsplash To compile our list of best utility stocks, we use a stock screener to filter for utility stocks with positive average upside from sell-side analysts as of April 16. Then we included in the article the top 13 stocks with the largest average analysts' upside. For each stock, we also included the largest number of hedge funds that own the stock as of Q4 2024, as per Insider Monkey's database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Talen Energy Corporation (NASDAQ:TLN) is an independent power producer and energy infrastructure company that owns and operates approximately 10.7 gigawatts of power generation across the US. Its fleet comprises nuclear, natural gas, coal, and oil-fired facilities primarily situated in the Mid-Atlantic region and Montana, where it sells electricity into wholesale US power markets. With a 27.85% average analysts' upside, TLN is one of the best utility stocks included on our list. Talen Energy Corporation (NASDAQ:TLN) delivered strong financial results in 2024, generating $770 million in adjusted EBITDA and $283 million in adjusted free cash flow, while achieving record levels of safety and reliability. The company has reaffirmed its 2025 guidance with an adjusted EBITDA range of $925 million to $1.175 billion and an adjusted free cash flow range of $395 million to $595 million. The company's financial position is further strengthened by approximately $1.2 billion of liquidity, with over $470 million of cash on the balance sheet and a net leverage ratio of 3.3x for 2024. Talen Energy Corporation (NASDAQ:TLN) continues to execute on its AWS contract signed in March 2024, with the site currently being electrified and generating revenues. The company secured a reliability-must-run agreement that extends the life of Brandon Shores and Wagner plants through May 2029, providing annual payments of $145 million for Brandon Shores and $35 million for Wagner, plus reimbursement for variable costs and project investments. Since the start of 2024, the company has demonstrated its commitment to shareholder returns by repurchasing approximately 13 million shares, or 22% of outstanding shares, returning nearly $2 billion of capital to shareholders, representing 75% of the market cap since its emergence. Overall, TLN ranks 4th on our list of best utility stocks to buy according to analysts. While we acknowledge the potential of WTRG to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TLN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-04-2025
- Business
- Yahoo
Here's What Lifted Talen Energy Corporation (TLN) in Q4
River Road Asset Management, an investment management company released its 'River Road Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 2.97% compared to -1.75% returns for the Russell MidCap Value Index. For the year 2024, the fund returned 13.56%, compared to Index return of 13.07%. Stocks rallied in November after a Republican victory but declined sharply following hawkish Fed comments. Shorter duration stocks, including small caps and value, lost most of their post-election gains by the end of December. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Mid Cap Value Fund emphasized stocks such as Talen Energy Corporation (NASDAQ:TLN). Talen Energy Corporation (NASDAQ:TLN) is an independent power producer and infrastructure company. The one-month return Talen Energy Corporation (NASDAQ:TLN) was 4.85%, and its shares gained 120.92% of their value over the last 52 weeks. On April 1, 2025, Talen Energy Corporation (NASDAQ:TLN) stock closed at $207.44 per share with a market capitalization of $9.441 billion. River Road Mid Cap Value Fund stated the following regarding Talen Energy Corporation (NASDAQ:TLN) in its Q4 2024 investor letter: "Another top contributor was Talen Energy Corporation (NASDAQ:TLN), a leading independent power producer. TLN boasts a diverse 10.7 GW generation portfolio spanning nuclear (48%), natural gas (41%), and coal (11%) assets across the PJM (northeastern states) and WECC (western regions). The electrical grid faces mounting pressure from rapidly escalating demand, fueled by transformative technologies like artificial intelligence (AI). Consequently, the price of clean and reliable nuclear power is expected to increase significantly. TLN's crown jewel, the Susquehanna nuclear facility, enjoys dual advantages: a tax credit safeguarding its cash flow downside and upside cash flow potential as power prices respond to new agreements. These benefits are exemplified by TLN's recent contract with Amazon® and Constellation Energy Group's (CEG) plans to reactivate Three Mile Island to meet Microsoft's® demand. Talen Energy Corporation (NASDAQ:TLN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held Talen Energy Corporation (NASDAQ:TLN) at the end of the fourth quarter compared to 68 in the third quarter. While we acknowledge the potential of Talen Energy Corporation (NASDAQ:TLN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Talen Energy Corporation (NASDAQ:TLN) in another article, where we shared the list of best alternative energy stocks to buy. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
