Talen Energy Corp (TLN) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.28. Analysts had a consensus of $-0.30. The company posted revenue of $697.00 million in the period, compared to analysts expectations of $760.44 million. The company’s revenue was down -26.5% compared to the same quarter last year.
Talen Energy Corp opened for trading at $13.55 and hit $13.655 on the upside on Tusday, eventually ending the session at $13.55, with a gain of 0.37% or 0.05 points. The heightened volatility saw the trading volume jump to 7,87,930 shares. Company has a market cap of $1,742 M.
In a different news, on Dec 28, 2015, Paul A Farr (CEO) purchased 10,000 shares at $6.63 per share price. According to the SEC, on Dec 23, 2015, Jeremy R. Mcguire (CFO) purchased 20,000 shares at $6.41 per share price. On Dec 21, 2015, Timothy S. Rausch (SVP & Chief Nuclear Officer) purchased 12,100 shares at $5.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity capacity and related products from a fleet of power plants that uses various fuel sources such as carbon-free nuclear natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas) two of the power markets in the United States. The Company also operates approximately three combined-cycle natural gas-fired power plants with over 2500 megawatts of generating capacity to its fleet which are located in New York western Massachusetts and western Arizona. The Company provides energy and power for homes and small and large businesses. Talen sells the output of its power plants to regional transmission organizations independent system operators utilities cooperatives municipalities and power marketers as well as commercial and industrial small business and residential customers.