TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition.
infoTransAlta is a mid cap stock with a total market cap of 2.61B.
infoThey trade on the NYSE and had their IPO 22 years ago.
infoTransAlta currently employs 1150 people.
infoAs of Wednesday, Aug 23 2023, TransAlta’s share price is $9.92.
News Relating to TransAlta
Zacks Investment Research
Wall Street Analysts See a 26.49% Upside in TransAlta (TAC): Can the Stock Really Move This High?
Friday Aug 11 2023 at 11:32
The average of price targets set by Wall Street analysts indicates a potential upside of 26.5% in TransAlta (TAC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Seeking Alpha
TransAlta Corporation (TAC) Q2 2023 Earnings Call Transcript
Saturday Aug 05 2023 at 04:15
TransAlta Corporation (NYSE:TAC ) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Chiara Valentini – Investor Relations John Kousinioris – President and Chief Executive Officer Todd Stack – EVP, Finance and Chief Financial Officer Conference Call Participants Dariusz Lozny – Bank of America Mark Jarvi – CIBC Ben Pham – BMO Capital Markets Rob Hope – Scotiabank Andrew Kuske – Credit Suisse Naji Baydoun – iA Capital Markets Patrick Kenny – National Bank Financial Chris Varcoe – Calgary Herald Operator Good morning. My name is Joelle, and I will be your conference operator today.
Zacks Investment Research
What You Need to Know Ahead of PPL Q2 Earnings
Thursday Aug 03 2023 at 12:46
PPL’s Q2 2023 results are expected to benefit from ongoing capital investments and operation and maintenance cost savings. However, higher interest expenses might have impacted negatively.
Zacks Investment Research
Utility Stocks’ Q2 Earnings to Watch on Aug 4: D, PNM & More
Thursday Aug 03 2023 at 10:31
Q2 earnings and revenues of Utility stocks are expected to have declined 4.7% and 4.1%, respectively, year over year. Let???s see how D, PNM, TAC, EVRG & AES report.
Zacks Investment Research
TransAlta (TAC) to Report Q2 Earnings: Here’s What to Expect
Thursday Aug 03 2023 at 08:14
TransAlta’s (TAC) second-quarter 2023 earnings are expected to have gained from new agreements to deliver clean power. However, higher operation and maintenance costs might have marginally offset positives.
Zacks Investment Research
Should Value Investors Buy TransAlta (TAC) Stock?
Tuesday Jul 18 2023 at 11:21
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Seeking Alpha
The TransAlta Merger: Thoughts And A Potential Double-Digit Yield Play
Tuesday Jul 11 2023 at 15:57
On our last coverage we had chosen TransAlta Corporation over TransAlta Renewables. The offer this morning for TransAlta Renewables by the parent was likely less than what long suffering bulls wanted. We analyze the offer and tell you why it’s close to adequate if not adequate.
Seeking Alpha
$825 Billion Asset Manager Says Buy Renewables: Our Top Picks
Tuesday Jun 27 2023 at 08:00
Renewable energy stocks have been beaten down severely over the past 10 months. Cost of capital concerns along with political uncertainty are weighing on the sector. That said, leading investors remain bullish on the sector and so do we.
Zacks Investment Research
Leverage Value Investing Opportunities Amid Fed’s Hawkish Pause
Thursday Jun 15 2023 at 08:32
Fed decides to keep interest rates steady for now but further rate increases are on the horizon. Unlock your portfolio value with high earnings yield stocks like LOMA, PLAY, WNC, TAC and CPA.
Zacks Investment Research
5 Picks from The Very Attractive Power Utility Industry
Friday Jun 09 2023 at 12:57
If you are planning on investing in utilities today, better keep the long-term perspective in mind.
Zacks Investment Research
Reasons to Add TransAlta (TAC) Stock to Your Portfolio Now
Thursday Jun 01 2023 at 09:19
TransAlta (TAC) makes a strong case for investment, given its positive estimate revision, strong earnings surprise history and focus on generating clean energy.
Zacks Investment Research
Does TransAlta (TAC) Have the Potential to Rally 33.02% as Wall Street Analysts Expect?
Monday May 29 2023 at 11:05
The mean of analysts’ price targets for TransAlta (TAC) points to a 33% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Zacks Investment Research
4 High Earnings Yield Stocks for a Value-Driven Portfolio
Friday May 12 2023 at 08:24
Investing in high earnings yield stocks is a compelling strategy for value investors seeking long-term growth opportunities. Unlock profit potential with stocks like WNC, UAL, TAC and SIGA.
Seeking Alpha
TransAlta Corporation (TAC) Q1 2023 Earnings Call Transcript
Friday May 05 2023 at 17:38
TransAlta Corporation (NYSE:TAC ) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Chiara Valentini – Vice President, Strategic Finance and IR John Kousinioris – President and CEO Todd Stack – EVP, Finance and CFO Kerry O’Reilly Wilks – Executive Vice President, Legal, Commercial and External Affairs Conference Call Participants Rob Hope – Scotiabank John Mould – TD Dariusz Lozny – Bank of America Ben Pham – BMO Mark Jarvi – CIBC Capital Markets Maurice Choy – RBC Capital Markets Andrew Kuske – Credit Suisse Naji Baydoun – AI Capital Markets Patrick Kenny – National Bank Financial Chris Varcoe – Calgary Herald Operator Good morning. At this time, I would like to welcome everyone to TransAlta Corporation’s First Quarter 2023 Results Conference Call.
Zacks Investment Research
How Much Upside is Left in TransAlta (TAC)? Wall Street Analysts Think 43.89%
Wednesday Apr 26 2023 at 11:28
The mean of analysts’ price targets for TransAlta (TAC) points to a 43.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
InvestorPlace
The 7 Best Clean Energy Stocks to Buy in 2023
Sunday Mar 26 2023 at 13:49
Clean energy stocks are expected to see continued growth. According to the U.S. Energy Information Administration, U.S. power generation from new renewables (primarily wind and solar) is expected to reduce coal and natural gas-fired energy production through 2024 at least.
Seeking Alpha
TransAlta Corporation (TAC) Q4 2022 Earnings Call Transcript
Thursday Feb 23 2023 at 16:53
TransAlta Corporation (NYSE:TAC ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Chiara Valentini – Vice President, Strategic Finance and IR John Kousinioris – President and CEO Todd Stack – Executive Vice President, Finance and CFO Kerry O’Reilly Wilks – Executive Vice President, Legal, Commercial and External Affairs Conference Call Participants Mark Darby – CIBC Capital Markets Maurice Choy – RBC Capital Markets Rob Hope – Scotiabank Patrick Kenny – National Bank John Mould – TD Securities Ben Pham – BMO Naji Baydoun – IA Capital Markets Chris Varcoe – Calgary Herald Operator Good morning. My name is Julie, and I will be your conference operator today.
InvestorPlace
7 Energy Stocks to Invest in for a Greener Portfolio
Thursday Feb 09 2023 at 14:58
Although the issue remains a point of contention, increasingly, government agencies and a consensus of scientists have urged society to adopt a cleaner approach to infrastructure, thus boding well for green-focused energy stocks to buy. Most importantly, investors should consider this subsegment due to its lucrative profile.
Seeking Alpha
The TransAltas: Why We Still Prefer The Parent
Monday Feb 06 2023 at 06:00
TransAlta Renewables has struggled to deliver the goods, with the Kent Hills problems taking a long time to resolve. TransAlta Corporation has offset the renewable side weakness of the daughter company with extremely strong power pricing.
PRNewsWire
Media Advisory: TransAlta and TransAlta Renewables Fourth Quarter and Full Year 2022 Results and Conference Call
Monday Jan 23 2023 at 17:47
CALGARY, AB , Jan. 23, 2023 /PRNewswire/ – TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its fourth quarter and full year 2022 results before markets open on Thursday, February 23, 2023. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.
Green Stock News
TransAlta ($TAC) and Lafarge to Produce Low-Carbon Concrete with Fly Ash Repurposing Project
Tuesday Jan 10 2023 at 15:39
TransAlta Corporation (NYSE: TAC) and Lafarge Canada have partnered on a project to repurpose landfilled fly ash, a waste product from TransAlta’s Canadian coal-fired electricity operations, in the production of concrete. This sustainable approach to waste management not only reduces the amount of waste sent to landfills but also decreases the carbon footprint of the concrete industry.
Seeking Alpha
TransAlta: Among The Best Value Plays In The Conventional And Renewable Power Space
Sunday Nov 13 2022 at 08:00
TAC delivered results in spades in Q3 2022. I believe TAC is at least 37% undervalued based on a sum of the parts valuation.
Seeking Alpha
TransAlta Corporation (TAC) Q3 2022 Earnings Call Transcript
Tuesday Nov 08 2022 at 18:13
TransAlta Corporation (NYSE:TAC ) Q3 2022 Earnings Conference Call November 8, 2022 11:00 AM ET Company Participants Holly Tomte – Manager of Investor Relations John Kousinioris – President and Chief Executive Officer Todd Stack – Executive Vice President of Finance and Chief Financial Officer Kerry O’Reilly Wilks – Executive Vice President of Legal, Commercial, and External Affairs Conference Call Participants Robert Hope – Scotiabank Mark Darby – CIBC Capital Markets Dariusz Lozny – Bank of America Maurice Choy – RBC Capital Markets Andrew Kuske – Credit Suisse John Mould – TD Securities Naji Baydoun – IA Capital Markets Patrick Kenny – National Bank Financial Chris Varcoe – The Calgary Herald Operator Good morning. My name is Suvi and I will be your conference operator today.
PRNewsWire
Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call
Tuesday Oct 11 2022 at 16:00
CALGARY, AB , Oct. 11, 2022 /PRNewswire/ – TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its third quarter 2022 results before markets open on Tuesday, November 8, 2022. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.
Seeking Alpha
TransAlta Corporation (TAC) CEO John Kousinioris on Q2 2022 Results – Earnings Call Transcript
Saturday Aug 06 2022 at 01:43
TransAlta Corporation (NYSE:TAC ) Q2 2022 Earnings Conference Call August 6, 2022 11:00 AM ET Company Representatives John Kousinioris – President, Chief Executive Officer Todd Stack – EVP Finance, Chief Financial Officer Kerry O’Reilly Wilks – EVP, Legal, Commercial, External Affairs Chiara Valentini – VP, Strategic Finance & IR Conference Call Participants Mark Jarvi – CIBC Capital Markets John Mould – TD Securities Maurice Choy – RBC Capital Markets Dariusz Lozny – Bank of America Ben Pham – BMO Andrew Kuske – Credit Suisse Naji Baydoun – iA Capital Markets Chris Varcoe – The Calgary Herald Operator Good morning! My name is Joanna, and I will be your conference operator today.
Zacks Investment Research
TransAlta (TAC) Set to Report Q2 Earnings: What’s in Store?
Thursday Aug 04 2022 at 12:47
TransAlta’s (TAC) second-quarter earnings are likely to have been driven by existing long-term contracts and a decline in outstanding shares.
Zacks Investment Research
TransAlta (TAC) Upgraded to Strong Buy: What Does It Mean for the Stock?
Thursday Jun 30 2022 at 14:52
TransAlta (TAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Zacks Investment Research
New Strong Buy Stocks for June 30th
Thursday Jun 30 2022 at 10:58
BANR, MPB, UNTY, AAON, and TAC have been added to the Zacks Rank #1 (Strong Buy) List on June 30, 2022.
Seeking Alpha
TransAlta: Renewable Growth Stories At Great Valuations
Thursday May 26 2022 at 10:53
TransAlta Corporation has outperformed its subsidiary, TransAlta Renewables, over the last few months. Valuation still remains extremely compelling for the parent.
Zacks Investment Research
New Strong Buy Stocks for May 23rd
Monday May 23 2022 at 08:17
MRO, STLD, ASO, AN, and TAC have been added to the Zacks Rank #1 (Strong Buy) List on May 23, 2022.
TransAlta Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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TransAlta’s Altman Z-score is 0.64 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
TransAlta Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in TransAlta.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
TransAlta’s Income Quality of 2.69 is greater than its Industry Group of 1.44 (86.8% greater)
TransAlta’s Income Quality of 2.69 is greater than its Major Industry Group of 1.54 (74.7% greater)
TransAlta’s Income Quality of 2.69 is greater than its Sector of 1.39 (93.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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TransAlta’s Current Ratio of 1.66 is greater than its Industry Group of 0.7 (137.1% greater)
TransAlta’s Current Ratio of 1.66 is greater than its Major Industry Group of 0.86 (93.0% greater)
TransAlta’s Current Ratio of 1.66 is greater than its Sector of 1.18 (40.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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TransAlta’s PE Ratio of 9.25 is greater than its Industry Group of 5.76 (60.6% greater)
TransAlta’s PE Ratio of 9.25 is lower than its Major Industry Group of 10.91 (-15.2% lower)
TransAlta’s PE Ratio of 9.25 is greater than its Sector of 6.18 (49.7% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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TransAlta’s PB Ratio of 1.55 is greater than its Industry Group of 0.69 (124.6% greater)
TransAlta’s PB Ratio of 1.55 is greater than its Major Industry Group of 1.37 (13.1% greater)
TransAlta’s PB Ratio of 1.55 is greater than its Sector of 1.01 (53.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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TransAlta’s ROE of 0.17 is greater than its Industry Group of -0.02 (950.0% greater)
TransAlta’s ROE of 0.17 is greater than its Major Industry Group of 0.03 (466.7% greater)
TransAlta’s ROE of 0.17 is greater than its Sector of 0.06 (183.3% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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TransAlta’s ROCE of 0.11 is greater than its Industry Group of 0.04 (175.0% greater)
TransAlta’s ROCE of 0.11 is greater than its Major Industry Group of 0.04 (175.0% greater)
TransAlta’s ROCE of 0.11 is greater than its Sector of 0.06 (83.3% greater)
Derived from SEC.GOV filing dataopen_in_new