Talen Energy Corporation (TLN) shares soared 12.4% in the last trading session to close at $373.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.7% gain over the past four weeks. Talen Energy's stock jumped 12.4% higher yesterday as investors reacted to a broad rally in nuclear and independent power stocks. The key catalyst was a landmark 20-year power purchase agreement between Google and Constellation Energy covering 3,590 megawatts of nuclear power across the PJM grid. The deal, which supports significant investment in existing reactors, underscored rising demand from hyperscalers for reliable, carbon-free electricity to power AI and data centers.
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