Talen Energy Corporation (NASDAQ: TLN) shares are trading higher Friday after the company announced it signed definitive agreements to acquire two major natural gas-fired power plants.
The US market is yet to commence its session on Friday, but let's get a preview of the pre-market session and explore the top gainers and losers driving the early market movements.
Talen Energy stock is surging after expanding its carbon-free nuclear power deal with Amazon. The Susquehanna plant will now power AWS data centers with 1,920 megawatts through 2042.
JP Morgan analyst Jeremy Tonet remains bullish on the "washed out" power sector, citing strong demand growth and favorable trends despite regulatory uncertainty.
Stocks recovered on Friday, with all three major indexes in the green, as the tech sector bounced back from Thursday's losses with NVIDIA Corp. (NASDAQ:NVDA) up 1.37% and Tesla, Inc. (NASDAQ:TSLA)
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading.
Two energy sector firms may appeal to investors looking for stability during a period of broad uncertainty about U.S. tariffs and their impact on markets.
TALEN ENERGY CORP is a hidden gem, featuring undervaluation and robust fundamentals. NASDAQ:TLN showcases decent financial health and profitability, coupled with an attractive price.
BofA analysts are optimistic that high energy prices are here to stay. Coupled with Talen Energy’s recent AWS data center deal, the brokerage is bullish about the Texas-based company’s prospects.
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