Why These Energy Stocks are Gaining This Week

8. Talen Energy Corporation (NASDAQ:TLN)

Share Price Gains Between Dec. 12 and Dec. 19: 4.46%

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

Talen Energy Corporation (NASDAQ:TLN) received increased investor attention after PJM Interconnection, the largest grid operator in the US, reported fresh record-high capacity prices on December 17, reflecting high demand from AI data centers. Talen managed to benefit significantly from the PJM Base Residual Auction for the 2027/2028 planning year, clearing a total of 8,745 MW at a clearing price of $333.44 per megawatt-day. As a result, the utility expects to land more than $1 billion in capacity revenues for the period.

Moreover, on December 16, Morgan Stanley raised its price target on Talen Energy Corporation (NASDAQ:TLN) from $441 to $443, while maintaining an ‘Overweight’ rating on the shares. The analyst noted that the utility sector’s performance will depend heavily on growth from data centers and better growth in 2026.