Tag Archives: Purchase

Talen Energy Stock Soars Over 20% on Purchase of 2 Plants in AI Power Move

Talen Energy Stock Soars Over 20% on Purchase of 2 Plants in AI Power Move

Key Takeaways Talen Energy said it’s buying two natural gas-powered plants, in a move to meet growing demand to support AI data centers. The energy provider paid $3.5 billion for Caithness Energy’s Moxie Freedom Energy Center in Pennsylvania and the Caithness-BlackRock-owned Guernsey Power Station in Ohio. The news sent shares of Talen Energy up over 20% to a record high …

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