Talen Energy is trading at $358.86 (+8.13%) amid firmer broader markets and stronger utilities; no company-specific catalyst was identified.
- XLU was up 1.96% during the regular session as merger news lifted sector sentiment.
- Emera and Canadian Utilities announced a merger of equals valued at about $72 billion in enterprise value.
- Major cryptocurrencies were little changed, so crypto does not explain the move.