On September 15, Talen fell 7.16% in regular trading to $291.16 per share, with turnover of approximately $130 million, as the stock continued to face pressure from a significant Q2 earnings miss compounded by weakness across the independent power producer sector.

Talen reported a Q2 loss of $2.00 per share, swinging sharply from earnings of $1.50 a year earlier, badly missing the FactSet consensus estimate of $3.21 EPS. Revenue came in at $747 million, up from $630 million year-over-year but still falling short of the $832.8 million analyst estimate. Following the results, Oppenheimer cut its price target from $440 to $400 while maintaining an Outperform rating. The company disclosed it has hedged 85% of expected generation for the current year, with coverage declining to 70% for next year and 30% for the year after.

Sector-wide, independent power producers and energy traders traded broadly lower. Within the sector, Vistra Energy fell 4.37%, Hallador declined 4.95%, TransAlta dropped 2.44%, and Central Puerto lost 1.91%, while AES edged up 0.2%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)