** Shares of power provider Talen Energy TLN.O rise ~2% to $225.64
** Brokerage BofA Global Research initiates coverage on stock with a "buy" rating, PT of $253
** PT represents a 12.3% upside to TLN's closing price on Friday
** BofA says it is bullish on stock given its lucrative Amazon AMZN.O data center contract with the Susquehanna nuclear plant and the prospect of higher power prices
** Even with the prospect of AI app DeepSeek, the data center space is likely to grow, perhaps with more urgency benefiting independent power providers like TLN - BofA says
** All of the 12 brokerages that cover the stock rate it "buy" or higher; their median PT is $253 - LSEG
** In 2024, TLN stock rose ~215%
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.