Talen Energy ($TLN): Buying Opportunity? Enrique Abeyta Says Yes
Former hedge fund manager Enrique Abeyta – who currently runs HX Research – knows the energy space like the back of his hand, and says that Talen Energy (Nasdaq: $TLN) is his top stock. Talen has almost doubled since Enrique first flagged it for his readers, but he thinks it has plenty of room to run, based on several criteria:
- AI-driven power demand from data centers
- Power demand from electric vehicles
- Reindustrialization of America
- A baseline of slow, steady power demand growth from population increase
- A coming power crisis arising from too much demand growth relative to supply growth
Talen, which is rich in nuclear power, has this backdrop and the benefit of having much of its near-term power sales contractually locked in. And with building new nuclear power generation all but impossible, Talen’s existing generation may start to look more and more attractive to a buyer, per Enrique’s thesis.
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This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. Neither the author nor BBAE has a position in any investment mentioned.
