An issue of Talen Energy Corp (NYSE:TLN) bonds rose 3.4% against their face value during trading on Friday. The high-yield debt issue has a 6.5% coupon and is set to mature on June 1, 2025. The debt is now trading at $68.00 and was trading at $70.50 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
Shares of TLN stock opened at $14.00 on Friday. Talen Energy Corp has a 1 year low of $5.73 and a 1 year high of $14.03. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.70.
Talen Energy 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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