Talen to sell Lake Wallenpaupack hydro plant

Talen was the result of that combination. 3,731 shares of the company traded hands.

Specifically, CEO Paul A. Farr acquired 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. Talen said the expected net income from the plants was about $56 million for 2016. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

A number of equities analysts have commented on TLN shares.

The projects have the capacity to combinedly generate close to 1.1 million megawatt hours of clean energy annually.

Talen Energy Corp (NYSE:TLN) shares saw strong trading volume on Thursday following insider buying activity, AnalystRatingsNetwork.com reports. CIBC dropped their price objective on Brookfield Renewable Energy Partners from C$43.00 to C$42.50 in a research note on Monday, August 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $36.25. The average 1 year target price among analysts that have covered the stock in the last year is C$40.81.

Talen Energy Corp (NYSE:TLN) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.18. It operates in the United States, Canada and Brazil. The company’s portfolio primarily comprises hydroelectric projects with a total installed capacity of over 7,000MW.

All of Brookfield’s output from the Pennsylvania plants is sold to the PJM regional power grid that serves 61 million customers across 13 states and the District of Columbia. We believe Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides additional tools to compare business performance across companies and across periods.

Merchant power generation businesses sell power to wholesale markets, where prices are not regulated by the government.