Tln stock price the TLN stock price has been hovering

The TLN stock price has been hovering near the $9.50 level, reflecting investor uncertainty amid mixed commodity trends. Technical charts indicate a support zone around $9.30 and a short-term resistance at $9.70, hinting at potential range-bound trading. “The top performer in the quarter was Talen Energy Corporation (NASDAQ:TLN), which we feature below, along with Hallador Energy. Both companies are cheap and well-positioned to benefit from selling power to AI data centers. Talen is an independent power producer (IPP) that serves the Pennsylvania-Jersey-Maryland (PJM) market. It owns 10.7 GW of generation capacity, with the Susquehanna nuclear plant accounting for 2.2 GW, while the remaining assets are various natural gas “peaking” plants that operate at 25-65% utilization. The company went public in 2015 as a combination of Pennsylvania Power & Light’s unregulated energy business and the power generation portfolio of a PE shop, Riverstone Holdings. Riverstone took the business private in 2016. Overleveraged following the take-private and poor hedges eventually forced Talen to file for bankruptcy in 2022, and it reemerged as a public company in 2023 on the OTC market with a new board, management, and cleaned-up balance sheet. In July, shares were uplisted to the Nasdaq and will likely be added to several indexes over the coming months. AI marks a paradigm shift for energy demand. Generative AI platforms such as ChatGPT use 10x the energy of an average Google search. Large data centers consume as much electricity as a midsize city. Electricity demand is set to grow by ~25% by 2030 and ~75% by 2050 from 2023 levels. TLN stock price has attracted increased institutional interest, according to recent filings, which may provide long-term stability in share performance.