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.

A line of workers in high visibility vests surveying a network of electricity cables.

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TLN and that has 100x upside potential, check out our report about this cheapest AI stock.

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