Talen Energy still looks cheap on forecast earnings, with estimated EPS rising from $28.49 to $30.75 since the prior screen. At about 12x earnings versus 20x typical for utilities, its estimate-based fair range rises to $541.28-$688.91 against $376.81. This is levels-only work using reported forecasts, not fundamental diligence. x.com 

Talen Energy's aggressive accelerated buyback, 10% of its market value in two quarters, is a smart move for shareholders. It is funded by selling two years of already-cleared PJM capacity payments upfront to Citi, effectively levering up to buy the dip while equity is cheap, at the cost of delaying investment-grade plans. An existing merchant power producer can use its power cash flow for buybacks or data-center projects, optionality that is valuable. x.com  x.com  x.com  x.com 

Talen Energy remains a short heading below $270, where it may get marginally more interesting. Its hedge-fund holders must eventually sell. Compressed spark spreads plus higher interest expense on recently bought gas assets are ugly, and its long spark exposure turns against it if gas prices rise a lot. It carries negative AI and midterm beta, and regulators attacking the AWS contract could be the final, possibly big, leg down. A Constellation or Vistra takeover looks unlikely. x.com  x.com  x.com  … Show more

2G Energy's growing orders and long service tail support its unusually cheap AI data-center power valuation. Nine-month 2026 orders exceed €880m, more than twice 2025 revenue; backlog runs into 2028 and service contracts last 15-20 years. Management first guided to €750-850m of revenue in 2028 and says units already sold could support over $100m in annual service revenue once running from mid-2027. At about 17x expected 2027 earnings, it looks cheapest in this space and is preferred to INNIO. … Show more

Talen Energy owns assets that cannot be cheaply rebuilt, and its growth after 2027 comes from a specific data center contract. Its 10.1 GW across ten eastern-grid plants is anchored by the 2.2 GW Susquehanna nuclear station, whose adjacent data center campus has a ten-year deal with a large cloud customer. Rebuilding would cost $12,300-17,570 per kW and take 84 months, and costs keep rising. The base business peaks in 2027 and falls 27% by 2030, while data center EBITDA grows about 18-fold. … Show more

NRG Energy looks cheap on forecast earnings: about 10x next year's estimated $11.19 per share versus 20x typical for utilities implies a $196.93-$250.64 fair range against $107.97. The forecast is 193% above trailing earnings, making this levels-only comparison highly estimate-dependent, not fundamental diligence. x.com 

Constellation Energy's baseline is now strong enough to support the equity story without immediate new hyperscaler deals; AI and contracting add upside. Its new framework guides 2026 adjusted operating EPS of $11.00-12.00 and 20%+ base EPS growth through 2029, excluding buyback accretion, with a $5.0B buyback and $3.9B of growth capital. Shares fell because management announced no new data center deal after expecting one by this call, and the EPS midpoint was slightly below consensus. x.com 

US energy stocks are too cheap to ignore while investors pay up for richly valued growth names. The sector trades at 6 to 8 times earnings with massive free cash flow, yet makes up only 3.5% of the S&P 500. SpaceX and Tesla combined are worth more than the entire energy sector, with the crowd paying 90 times revenue for a rocket company. x.com 

Vistra looks cheap against its earnings at 13x next year's estimates, versus the roughly 20x utilities usually get. At $139.34 it sits 24% below the low end of a $182.43-$232.19 fair range, which is 20x next year's $10.37 EPS give or take 12%; above $154.18 it would be expensive. The case leans on the forecast, with forward EPS 75% above trailing, and is a read of valuation levels only, with no fundamental work. x.com 

Vistra goes on the too-hard pile because its value depends on the 2028+ power curve, which is very hard to price. Sector tailwinds are clear and it is well positioned for rising US power demand, but its ever-changing portfolio, complex hedging and three businesses in one make it hard to understand. P/E is the wrong lens; on 2027 numbers it looks cheap, at 8.8x EV/EBITDA and an 11.6% free cash flow yield before growth, but only because those years are fully hedged. x.com