Why These Energy Stocks are Gaining This Week

6. Talen Energy Corporation (NASDAQ:TLN)

Share Price Gains Between July 15 – July 22: 16.94%

Talen Energy Corporation (NASDAQ:TLN) is a leading independent power producer and energy infrastructure company with 10.7 GW of generation assets, including 2.2 GW of nuclear power.

Talen Energy Corporation (NASDAQ:TLN) soared to an all-time high this week after the company announced a $3.8 billion deal to acquire two gas-fired plants from Caithness Energy and BlackRock. Natural gas has emerged as a primary candidate to power the AI boom, so the two plants, with a combined capacity of nearly 3 GW, will help Talen meet the growing power demand from data centers.

Talen Energy Corporation (NASDAQ:TLN) also made headlines last month after it was announced that Amazon had signed a deal with the utility to secure 1.92 GW of carbon-free electricity for AWS data centres.

Moreover, Talen Energy Corporation (NASDAQ:TLN) received a boost after President Trump recently announced an investment of more than $90 billion from private companies across tech, energy, and finance to turn Pennsylvania into a hub for artificial intelligence.