Morgan Stanley raised the firm’s price target on Talen Energy (TLN) to $330 from $300 and keeps an Overweight rating on the shares after the company announced the acquisition of the Moxie Freedom and Guernsey gas plants for $3.5B. The firm, which thinks the implied $520M EBITDA from these assets in 2026 rises closer to about $600M on a run-rate level, sees incremental baseload generation positioning Talen to potentially sign other data center deals and increasing its leverage to rising power prices.
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