This transaction is part of Rubric Capital's ongoing management of its investment portfolio, where it serves as the investment adviser to various funds and accounts. David Rosen, as the Managing Member of Rubric Capital Management GP, LLC, plays a crucial role in these decisions. Discover more insights about TLN and access detailed valuation metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro. Discover more insights about TLN and access detailed valuation metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.
This transaction is part of Rubric Capital's ongoing management of its investment portfolio, where it serves as the investment adviser to various funds and accounts. David Rosen, as the Managing Member of Rubric Capital Management GP, LLC, plays a crucial role in these decisions. Discover more insights about TLN and access detailed valuation metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.
This transaction is part of Rubric Capital's ongoing management of its investment portfolio, where it serves as the investment adviser to various funds and accounts. David Rosen, as the Managing Member of Rubric Capital Management GP, LLC, plays a crucial role in these decisions.
In other recent news, Talen Energy has been making significant strides in the energy sector. Daiwa Securities initiated coverage on Talen Energy with a Buy rating and a price target of $248.00, highlighting the company's potential for strong shareholder value growth. Oppenheimer raised its price target on Talen Energy to $225, following the company's third-quarter earnings report, which revealed an EBITDA of $230 million and revenue of $650 million.
JPMorgan (NYSE:JPM) initiated coverage with an Overweight rating, citing potential in the company's natural gas resources and operation model. The firm also projected significant EBITDA growth for Talen Energy, with an estimated increase of 40% and 27% for the years 2025 and 2026, respectively.
RBC Capital initiated coverage with an Outperform rating, highlighting the company's advantageous position in the PJM market, which is anticipated to see significant growth in demand. Talen Energy has also completed an $85M acquisition of the remaining stake in Nautilus Cryptomine, leading to full ownership of the facility.
These are just a few of the recent developments for Talen Energy, which has been the subject of multiple analyst upgrades and optimistic projections. The company's projected earnings before interest, taxes, depreciation, and amortization (EBITDA) range between $925 million and $1.175 billion in 2025, and between $1.13 billion and $1.53 billion in 2026. Free cash flow is also expected to range from $395 million to $595 million in 2025, and between $535 million and $895 million in 2026.
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