Talen Energy raises FY2026 adjusted EBITDA forecast; shares rise
TLN•Shares rise after forecast increase
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Shares of power producer Talen Energy
TLN.Owere up 1.6% at $335 in extended trading. -
TLNraised its FY2026 adjusted EBITDA forecast to between $2.02 billion and $2.22 billion from a prior range of $1.75 billion to $2.05 billion.
Quarterly loss driven by higher interest expense
The company reported a quarterly net loss because higher interest expense offset increases in capacity revenues and energy and other revenues.
Talen posted a quarterly net loss of $92 million, compared with a profit of $72 million a year earlier.
As of the last close, TLN was down 12% year to date.
