# Talen Energy stock rises 4% on Bank of America coverage and crypto

**Published:** 2026-06-18T11:13:47.895Z  
**Topic:** Stock To Flow  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/1ff62fe0-3bc6-48e8-a44a-2584d0dfd3d9

Talen Energy shares jumped 4% after BofA initiated coverage with a Buy rating and disclosed plans to sell its 75% stake in a nuclear‑powered crypto mining

Talen Energy (TLN) shares climbed 4% in today’s trading, spurred by Bank of America’s new Buy rating and the company’s effort to offload its majority stake in the Nautilus nuclear‑powered cryptocurrency mining operation [3].

| At a glance | |
|---|---|
| Price move | +4% intraday |
| Catalyst | BofA coverage + crypto mining stake sale |
| Year‑to‑date gain | +90% (2024) |
| Stake size | 75% owned by Talen in 200 MW Nautilus facility |

## Bank of America initiates coverage

Bank of America started coverage of Talen Energy with a Buy rating and a $253 price target, citing the pending sale of Talen’s 75% share in the Nautilus crypto mining campus as a catalyst for near‑term upside [3]. The bank estimates the AWS‑related power agreement will lift TLN’s annual EBITDA by $110 million beginning in 2027, adding to the financial upside from the stake sale. Analysts also note Talen’s inclusion in the PJM regional transmission organization, which could benefit the company as electricity prices rise in that low‑supply market [3].

## Crypto mining stake and nuclear power backdrop

The Nautilus facility, co‑located with Talen’s 2.5 GW Susquehanna nuclear plant in Pennsylvania, is the first digital‑coin mining operation directly supplied by on‑site nuclear energy [1]. Talen holds 75% of the 200 MW operation, enough to power roughly 160,000 homes, while the remaining 25% is owned by cryptominer TeraWulf [1]. Sources say Talen is seeking buyers for its stake after selling adjacent land and a data center to Amazon Web Services (AWS) earlier this year, a deal that gave AWS access to over 900 MW of nuclear capacity [1]. If AWS were to acquire the remaining tenants, it could control the full 200 MW instantly, potentially accelerating revenue from the crypto mining venture [1].

## Market context

Talen’s stock has surged more than 90% so far this year, reflecting broader investor enthusiasm for power generators with nuclear assets that can meet rising demand for clean, uninterrupted electricity [1]. The surge in data‑center capacity prices—up about 19% year‑over‑year in 2023—has lifted expectations for companies like Talen that can supply reliable, low‑carbon power [1]. The combination of BofA’s bullish outlook and the imminent stake sale places Talen at the intersection of traditional energy and the fast‑growing crypto‑mining sector.

## What to watch
- **Price resistance:** TLN’s next technical resistance lies near its recent high of $X (exact level not disclosed in sources). A break above could signal further upside.
- **Stake sale progress:** Confirmation of a buyer for the 75% Nautilus stake, or any amendment to the AWS lease, will affect revenue forecasts.
- **EBITDA lift timing:** The $110 million EBITDA boost projected to start in 2027 will be monitored in quarterly earnings releases.

The move underscores how traditional power producers are leveraging nuclear assets to tap emerging crypto‑mining demand, while analyst coverage can quickly translate into notable price action. Whether the stake sale materializes and how quickly the EBITDA uplift materializes will shape Talen’s trajectory in the coming months.

## Sources
1. Investing — [Talen Energy offers up nuclear-powered crypto mining campus stake, sources say](https://www.investing.com/news/stock-market-news/talen-energy-offers-up-nuclearpowered-crypto-mining-campus-stake-sources-say-3548046)
2. Investing — [Talen Energy Corp Stock Price Today - Investing.com](https://www.investing.com/equities/talen-energy-corp)
3. News — [Why Talen Energy (TLN) Is Advancing Today - InvestingChannel News](https://news.investingchannel.com/article/654779/why-talen-energy-tln-is-advancing-today)
4. In — [Talen Energy Share Price Today | NASDAQ: TLN - Investing.com IN](https://in.investing.com/equities/talen-energy-corp)
5. Marketbeat — [Talen Energy (TLN) Stock Price, News & Analysis - MarketBeat](https://www.marketbeat.com/stocks/NASDAQ/TLN/)
6. Marketbeat — [TLN News Today | Why did Talen Energy stock go up today?](https://www.marketbeat.com/stocks/NASDAQ/TLN/news/)

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Cite as: TrendWatcher, "Talen Energy stock rises 4% on Bank of America coverage and crypto", https://www.trendwatcher.in/article/1ff62fe0-3bc6-48e8-a44a-2584d0dfd3d9