[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 5291 followers Created: 2025-07-18 19:00:09 UTC $TLN Attached is page X of a 9-page Bank of America analyst report on TLN issued today entitled: "Acquisition creates immediate & significant value" Bank of America has a 'Buy' rating on TLN with a $XXX price target. Bank of America's summary statement regarding TLN in the report includes the following: "TLN acquires ~3 GW of high-quality gas CCs: Talen Energy (TLN) has acquired Moxie Freedom Energy Center (PA) and Guernsey Power Station (OH) in the PJM region with attributes highlighted in Exhibit X. This acquisition is ~$3.8 bn gross, with ~$0.3 mn estimated tax benefit, leading to a $XXX bn net acquisition cost. TLN plans to issue ~$3.8 bn in debt to fund the acquisition and expects to close in Q4’25 subject to FERC and Hart-Scott-Rodino approval. This acquisition increases TLN’s fleet capacity by ~25% (to 13.5GWs from 10.6GWs) and due to the high performing nature of the assets it also increases annual generation by ~50% from (to 60GWhs from 40GWhs). +$522 mn EBITDA for low cost (~$1,300/kW) units: When compared to new build and even recent gas acquisitions, these units were bought at a low cost of ~$1,300/kW especially for their young age and low heat rates. Along with this, this acquisition is immediately accretive to EBITDA (+$522 mn) in 2026 premised on the 6.7x EV/EBITDA. PO to $386; Update EBITDA to $X bn + 2026 & on: We reiterate our Buy rating on Talen Energy (TLN) and update our PO to $XXX from $XXX. We update our FY’26/FY’27 EBITDA estimates, which increases our PO, to $2,072/$2,108 from $1,550/ $XXXXX mn as we include EBITDA from the acquisition. -- Price Objective Basis: Our $XXX price objective is based on a sum of the parts on 2027E EBITDA. We use the mid-cycle power EV/EBITDA multiple of 7.1x for the Susquehanna and base segments. We apply a X% premium to account for capital appreciation, leading to our base multiple of 7.46x. For the nuclear segment, we apply a 14x multiple based on the largest nuclear operator with similar growth in the US's 2024 EBITDA multiple discounted by the growth rate of XX% to 2025. This implies an XX% premium from our base multiple. This leads to a XX% premium and an 8.9x multiple. -- Downside risks to our PO are: 1) wholesale power, natural gas, & capacity prices, 2) changes to regulatory, political, or legislative standards, 3) failure to renegotiate datacenter contracts, 4) denial of reliability-must-run agreements, 5) operational performance, 6) natural disasters, 7) interest rates, and 8) nuclear fuel access/cost." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [coins energy](/topic/coins-energy) [acquisition](/topic/acquisition) [united states](/topic/united-states) [bank of](/topic/bank-of) [$tln](/topic/$tln) [bank of america](/topic/bank-of-america) [stocks financial services](/topic/stocks-financial-services) [stocks banks](/topic/stocks-banks) [Post Link](https://x.com/CorleoneDon77/status/1946283872133554632)
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DonCorleone77 @CorleoneDon77 on x 5291 followers
Created: 2025-07-18 19:00:09 UTC
$TLN
Attached is page X of a 9-page Bank of America analyst report on TLN issued today entitled:
"Acquisition creates immediate & significant value"
Bank of America has a 'Buy' rating on TLN with a $XXX price target.
Bank of America's summary statement regarding TLN in the report includes the following:
"TLN acquires ~3 GW of high-quality gas CCs:
Talen Energy (TLN) has acquired Moxie Freedom Energy Center (PA) and Guernsey Power Station (OH) in the PJM region with attributes highlighted in Exhibit X. This acquisition is ~$3.8 bn gross, with ~$0.3 mn estimated tax benefit, leading to a $XXX bn net acquisition cost.
TLN plans to issue ~$3.8 bn in debt to fund the acquisition and expects to close in Q4’25 subject to FERC and Hart-Scott-Rodino approval. This acquisition increases TLN’s fleet capacity by ~25% (to 13.5GWs from 10.6GWs) and due to the high performing nature of the assets it also increases annual generation by ~50% from (to 60GWhs from 40GWhs).
+$522 mn EBITDA for low cost (~$1,300/kW) units:
When compared to new build and even recent gas acquisitions, these units were bought at a low cost of ~$1,300/kW especially for their young age and low heat rates. Along with this, this acquisition is immediately accretive to EBITDA (+$522 mn) in 2026 premised on the 6.7x EV/EBITDA.
PO to $386; Update EBITDA to $X bn + 2026 & on:
We reiterate our Buy rating on Talen Energy (TLN) and update our PO to $XXX from $XXX. We update our FY’26/FY’27 EBITDA estimates, which increases our PO, to $2,072/$2,108 from $1,550/ $XXXXX mn as we include EBITDA from the acquisition.
-- Price Objective Basis:
Our $XXX price objective is based on a sum of the parts on 2027E EBITDA. We use the mid-cycle power EV/EBITDA multiple of 7.1x for the Susquehanna and base segments. We apply a X% premium to account for capital appreciation, leading to our base multiple of 7.46x.
For the nuclear segment, we apply a 14x multiple based on the largest nuclear operator with similar growth in the US's 2024 EBITDA multiple discounted by the growth rate of XX% to 2025. This implies an XX% premium from our base multiple. This leads to a XX% premium and an 8.9x multiple.
-- Downside risks to our PO are:
- wholesale power, natural gas, & capacity prices,
- changes to regulatory, political, or legislative standards,
- failure to renegotiate datacenter contracts,
- denial of reliability-must-run agreements,
- operational performance,
- natural disasters,
- interest rates, and
- nuclear fuel access/cost."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
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