US Stock Market Move | "Will purchase two gas-fired power plants for 3.5 billion dollars, Talen Energy (TLN.US) surged more than 18% to reach a new all-time high."
On Friday, Talen Energy (TLN.US) rose over 18%, hitting a record high of $313.37.
On Friday, Talen Energy (TLN.US) rose over 18%, reaching a historical high of $313.37. In terms of news, Talen Energy is set to acquire two combined-cycle natural gas power plants in Pennsylvania and Ohio for $3.5 billion. The company stated that the deal is expected to increase free cash flow per share by over 40% and by over 50% by 2029.
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