Daily BriefsUtilities Sector

Daily Brief Utilities: Talen Energy and more

In today’s briefing:

  • TLN: Powered for Free Cash Flow, PT to $185


TLN: Powered for Free Cash Flow, PT to $185

By Hamed Khorsand

  • TLN held an investor day where its management laid out the free cash flow the Company should generate over the next two years and how it was going to happen.   
  • TLN is projecting adjusted EBITDA that makes our estimate look very conservative.    TLN is forecasting 2025 adjusted EBITDA of $926 million to $1.175 billion. 
  • The expected free cash flow over the next two years is powering TLN to raise their stock buyback program by $1.1 billion.

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