Scotiabank Initiates Coverage of Talen Energy Corporation (TLN) With a Sector Perform Rating

Talen Energy Corporation (NASDAQ:TLN) is one of the best stocks to invest in right now. On September 22, Scotiabank initiated coverage of Talen Energy Corporation (NASDAQ:TLN) with a Sector Perform rating and $418 price target.

The firm told investors that it has a bullish fundamental view on the independent power producers group, and cited a “robust” outlook for strong cash flow generation and electricity demand.

The analyst added that while Talen Energy Corporation (NASDAQ:TLN) is well-positioned for growth, its upside opportunities are not unique.

Talen Energy Corporation (NASDAQ:TLN) is involved in the operation of power infrastructure. The company produces and sells electricity, capacity, and ancillary services into wholesale power markets via its subsidiaries.

While we acknowledge the potential of TLN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.