An issue of Talen Energy Corp (NYSE:TLN) debt rose 1.3% against its face value during trading on Wednesday. The debt issue has a 9.5% coupon and is set to mature on July 15, 2022. The bonds in the issue are now trading at $102.50 and were trading at $104.00 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.
Talen Energy Corp (NYSE TLN) remained flat at $$14.00 during trading hours on Wednesday. The stock had a trading volume of 1,496,800 shares, compared to its average volume of 1,373,765. Talen Energy Corp has a fifty-two week low of $5.73 and a fifty-two week high of $14.03. The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.85.
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Talen Energy Corp Company Profile
Talen Energy Corporation is a United States-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.
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