Talen Energy Soars 11.72% on Amazon Power Deal

Talen Energy's stock surged by 11.72% in pre-market trading on June 11, 2025, marking a significant rise in its share price.

Talen Energy has entered into a power purchase agreement with Amazon to supply 1,920 megawatts of carbon-free electricity. This agreement will support Amazon's operations and explore small modular reactor (SMR) technology, which is a significant step towards sustainable energy solutions.

This long-term power purchase agreement, which extends through 2042, provides Talen Energy with a steady revenue stream and reduces market risk. The agreement is part of Talen's broader strategy to expand its nuclear energy capabilities and support major corporations in their transition to carbon-free energy sources.

Talen Energy's strategic partnership with Amazon underscores the growing demand for clean energy solutions and the company's commitment to innovation in the nuclear energy sector. This move is expected to enhance Talen's market position and drive long-term growth.