In today’s briefing:
- TLNE: Nuclear Shareholder Value
TLNE: Nuclear Shareholder Value
- TLNE announced the sale of Cumulus Data for a valuation higher than we were expecting and includes a long-term power purchasing agreement
- TLNE’s management has also mentioned an ongoing sales process for TLNE’s assets in Texas, which could generate additional value.
- TLNE sold Cumulus Data for $650 million to Amazon Web Services (“AWS”). TLNE sold the assets the Company had situated adjacent to Susquehanna nuclear power plant
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