[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5343 followers Created: 2025-07-12 17:26:43 UTC $TLN Attached is page X of a 6-page Oppenheimer analyst report on TLN issued yesterday entitled: "Catalysts Abound; Entering Strong 2H25; Raise PT to $315, from $250" Oppenheimer has a 'Outperform' rating on TLN with a $XXX price target. Oppenheimer's 'Summary' regarding TLN in the report includes the following: "An upsized Susquehanna/AWS PPA, the opportunity to sign a data center deal at Montour, and the potential for M&A give us confidence TLN shares can trade higher. The upsized PPA adds ~$40/share of incremental value (on top of the original ~$32/share), and a Montour deal could add another $30/share-plus of value. Separately, M&A activity in PJM remains robust (e.g., NRG/LS Power), and TLN could participate, as a way to expand generation capacity. Separately, the 2026/2027 PJM BRA represents another catalyst (results to be posted on 7/22), and could clear near the price cap of $325/MW-day. We raise our PT to $XXX (from $250), as we update our SOTP to reflect the upsized PPA; raise FY26E EBITDA to $1,438M (from $1,276M), owing to the PPA and RMR agreement. -- PRICE TARGET CALCULATION: We use a SOTP analysis to value Talen: $8.4B or $184/share for Susquehanna (14x 2026E EBITDA, in line with nuclear comps), $3.7B or $81/share for PJM gas facilities (Lower Mount Bethel, Martins Creek, & Montour at 11x 2026E EBITDA), $1.6B or ~$36/share for PJM fossil assets and other coal assets (7x 2026E EBITDA for PJM and 6x other coal assets), and the NPV of the AWS data center PPA at $3.3B (~$73/share). We factor in net debt of $2.7B (~$59/share), leaving an equity value of ~$14.3B, or $315/share. -- KEY RISKS TO PRICE TARGET: Risks include the following: lower forward PJM power prices, reduced capacity prices, market competition, increased fuel and labor costs, realization of nuclear PTCs, extended outage at the Susquehanna nuclear plant or other power generation plants, unfavorable weather during peak seasons, and changes in government regulation. This list is only indicative of potential risks and is not exhaustive, especially as past performance is not necessarily representative of future results." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [data center](/topic/data-center) [$tln](/topic/$tln) [Post Link](https://x.com/CorleoneDon77/status/1944086027712233953)
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DonCorleone77 @CorleoneDon77 on x 5343 followers
Created: 2025-07-12 17:26:43 UTC
$TLN
Attached is page X of a 6-page Oppenheimer analyst report on TLN issued yesterday entitled:
"Catalysts Abound; Entering Strong 2H25; Raise PT to $315, from $250"
Oppenheimer has a 'Outperform' rating on TLN with a $XXX price target.
Oppenheimer's 'Summary' regarding TLN in the report includes the following:
"An upsized Susquehanna/AWS PPA, the opportunity to sign a data center deal at Montour, and the potential for M&A give us confidence TLN shares can trade higher.
The upsized PPA adds ~$40/share of incremental value (on top of the original ~$32/share), and a Montour deal could add another $30/share-plus of value. Separately, M&A activity in PJM remains robust (e.g., NRG/LS Power), and TLN could participate, as a way to expand generation capacity.
Separately, the 2026/2027 PJM BRA represents another catalyst (results to be posted on 7/22), and could clear near the price cap of $325/MW-day.
We raise our PT to $XXX (from $250), as we update our SOTP to reflect the upsized PPA; raise FY26E EBITDA to $1,438M (from $1,276M), owing to the PPA and RMR agreement.
-- PRICE TARGET CALCULATION:
We use a SOTP analysis to value Talen: $8.4B or $184/share for Susquehanna (14x 2026E EBITDA, in line with nuclear comps), $3.7B or $81/share for PJM gas facilities (Lower Mount Bethel, Martins Creek, & Montour at 11x 2026E EBITDA), $1.6B or $36/share for PJM fossil assets and other coal assets (7x 2026E EBITDA for PJM and 6x other coal assets), and the NPV of the AWS data center PPA at $3.3B ($73/share).
We factor in net debt of $2.7B (~$59/share), leaving an equity value of ~$14.3B, or $315/share.
-- KEY RISKS TO PRICE TARGET:
Risks include the following: lower forward PJM power prices, reduced capacity prices, market competition, increased fuel and labor costs, realization of nuclear PTCs, extended outage at the Susquehanna nuclear plant or other power generation plants, unfavorable weather during peak seasons, and changes in government regulation.
This list is only indicative of potential risks and is not exhaustive, especially as past performance is not necessarily representative of future results."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
Related Topics data center $tln