Talen Energy (TLN) Buyback Puts Its Undervalued Narrative To The Test

Talen Energy (TLN) has put a US$3b share repurchase authorization and a US$1.5b accelerated buyback at the center of investor attention, funded by monetizing cleared PJM capacity revenues. Talen Energy’s latest buyback move comes after a mixed run, with the share price down 19.15% year to date and roughly 15.09% lower over three months, yet showing a 510.99% three year total shareholder return that points to powerful longer term momentum. Scan other power and infrastructure plays whose...