Seaport Research raised the firm’s price target on Talen Energy to $215 from $178 and keeps a Buy rating on the shares. The unexpected challenge to the latest Susquehanna ISA amendment likely delayed additional co-location deals for the company and other IPPs, the analyst tells investors. Still, the firm continues to hope to see additional co-location deals from the company this year. Additional deals should be less time-consuming, especially given the company’s familiarity with data center developers, Seaport adds.
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