Talen Energy Shareholder Vanguard Group Boosts Stake to 10.4%

MT NewswiresJan 9 08:07 ET

J.P. Morgan Keeps Their Buy Rating on Talen Energy Corp (TLN)

TipRanksJan 9 07:09 ET · Ratings

The demand for electricity from AI has surged, and the Vanguard Group has increased its stake in Talen Energy, whose stock price more than tripled last year.

A document released on Wednesday shows that the USA asset management giant Vanguard Group has increased its shareholding in the independent power producer Talen Energy to 10.4%. As large technology companies invest massive amounts of money in AI technology, the demand for electricity to power datacenters is also growing. The main beneficiaries of this demand are utility companies like Talen Energy. Vanguard Group is the second largest shareholder of Talen Energy, holding about 9.9% of the company's circulating shares as of last October. Its position was reported on Wednesday.

Global market reportJan 8 18:40 ET

Express News | Vanguard Group Inc Reports 10.41% Passive Stake in Talen Energy Corp as of Dec 31, 2024 - SEC Filing

ReutersJan 8 16:32 ET

Amazon AWS To Invest $11 Billion In Georgia To Boost AI And Cloud Infrastructure: 'Expect To Create More Than 550 Well-Paying Jobs'

BenzingaJan 8 04:38 ET

Express News | Talen Energy Supply Announces Commencement of Consent Solicitation for Its 8.625% Senior Secured Notes Due 2030

ReutersJan 6 08:00 ET