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Rubric Capital Management sold a significant portion of Talen Energy shares, a company facing earnings challenges.
Rubric Capital Management sold 178,000 Talen Energy shares on June 27th, following sales on June 26th and 25th, reducing their stake by 3.01%.
Talen Energy, an energy and power company, recently reported lower-than-expected Q1 earnings and revenue.
The company's stock has a current average target price of $255.25 with a "Moderate Buy" rating.
UBS Group recently upgraded Talen Energy's stock to a 'buy' with a target price of $366, indicating a potential 22.87% upside.
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Rubric Capital Management vendió una parte significativa de las acciones de Talen Energy, una empresa que se enfrenta a problemas de resultados.