Talen Energy is trading at $357.72, up 4.23%, as its August 5 earnings update lifted 2026 adjusted EBITDA and adjusted free-cash-flow guidance.

  • 2026 adjusted EBITDA guidance rose to $2.025–$2.225 billion, while adjusted free-cash-flow guidance reached $1.2–$1.35 billion.
  • Second-quarter adjusted EBITDA was $374 million, versus $90 million a year earlier, supported by stronger energy and capacity revenues.
  • Bitcoin and Ethereum were only modestly higher, so crypto sentiment does not explain the move.