TransAlta Corporation (TAC)
Market Cap | 2.10B |
Revenue (ttm) | 2.17B |
Net Income (ttm) | 2.92M |
Shares Out | 268.20M |
EPS (ttm) | 0.01 |
PE Ratio | 1,074.08 |
Forward PE | 25.32 |
Dividend | $0.15 (1.95%) |
Ex-Dividend Date | Feb 28, 2023 |
Volume | 203,120 |
Open | 7.75 |
Previous Close | 7.78 |
Day's Range | 7.69 - 7.86 |
52-Week Range | 7.55 - 11.85 |
Beta | 1.13 |
Analysts | Buy |
Price Target | 11.82 (+50.77%) |
Earnings Date | May 4, 2023 |
About TAC
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. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large in... [Read more]
Full Company ProfileAnalyst Forecast
According to 20 analysts, the average rating for TAC stock is "Buy." The 12-month stock price forecast is $11.82, which is an increase of 50.77% from the latest price.
News

The 7 Best Clean Energy Stocks to Buy in 2023
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 r...

TransAlta Reports Fourth Quarter and Full Year 2022 Results and Commits to Net-Zero by 2045
Fourth Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $541 million, an increase of 123% over the same period in 2021 Free Cash Flow ("FCF")(1) of $315 million, or $1.17 per share, an incr...

TransAlta Announces Acquisition of 50% Interest in Early-Stage Pumped Hydro Energy Storage Development Project
CALGARY, AB , Feb. 16, 2023 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into a definitive agreement to acquire a 50% i...

7 Energy Stocks to Invest in for a Greener Portfolio
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...

Media Advisory: TransAlta and TransAlta Renewables Fourth Quarter and Full Year 2022 Results and Conference Call
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, Februar...
TransAlta ($TAC) and Lafarge to Produce Low-Carbon Concrete with Fly Ash Repurposing Project
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 pr...

Lafarge Canada and TransAlta announce agreement to advance low-carbon concrete with fly ash repurposing project in Alberta
EDMONTON, Alberta--(BUSINESS WIRE)--Lafarge Canada (“Lafarge”) and TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) have entered into an agreement that will advance low-carbon concrete proj...

TransAlta Announces Outlook for 2023 and Update on Corporate Strategy
CALGARY, AB , Dec. 15, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today its financial outlook for 2023. Highlights Adjusted EBITDA(1) rang...

TransAlta Declares Dividends
CALGARY, AB , Dec. 12, 2022 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.055 per common share payable on April 1, 2023 to sh...

Does TransAlta (TAC) Have the Potential to Rally 34% as Wall Street Analysts Expect?
The consensus price target hints at a 34.5% upside potential for TransAlta (TAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate...

TransAlta Announces Pricing of US$400 Million Senior Green Bond Offering
CALGARY, AB , Nov. 14, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) is pleased to announce that it priced a public offering ("the Offering") of US$400 million aggregat...

Can TransAlta (TAC) Climb 34% to Reach the Level Wall Street Analysts Expect?
The mean of analysts' price targets for TransAlta (TAC) points to a 34.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analyst...

TransAlta Announces Public Offering of U.S. Senior Green Bonds and Releases Inaugural Green Bond Framework
CALGARY, AB , Nov. 14, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) is pleased to announce it has commenced a U.S. public offering of its senior notes. TransAlta inten...

TransAlta Reports Third Quarter 2022 Results, Increases 2022 Financial Guidance, and Announces a 10% Common Share Dividend Increase
CALGARY, AB , Nov. 8, 2022 /PRNewswire/ - Third Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $555 million, an increase of 38% over the same period in 2021 Free Cash Flow(1) of $393 mill...

Wall Street Analysts See a 42% Upside in TransAlta (TAC): Can the Stock Really Move This High?
The consensus price target hints at a 42% upside potential for TransAlta (TAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate r...

Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call
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 con...

TransAlta Corporation Announces Conversion Results for Series E and F Preferred Shares
CALGARY, AB , Sept. 21, 2022 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA)(NYSE: TAC) press release dated August 31, 2022, the Company announced today that...

TransAlta Corporation Provides Notice of Series E Preferred Shares Conversion Right and Announces Reset Dividend Rates
CALGARY, AB , Aug. 31, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA); (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or an...

TransAlta Reports Second Quarter 2022 Results
Second Quarter 2022 Financial Highlights Adjusted EBITDA(1),(2) of $279 million, in line with expectations, a decrease of 13% over the same period in 2021 Free Cash Flow ("FCF")(1) of $145 million, or...

TransAlta (TAC) Set to Report Q2 Earnings: What's in Store?
TransAlta's (TAC) second-quarter earnings are likely to have been driven by existing long-term contracts and a decline in outstanding shares.

Correction Notice to Media Advisory Regarding Release Date of TransAlta Renewables Second Quarter 2022 Results
CALGARY, AB , July 12, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) announced today a correction to its media advisory issued July 6, 2022 in respect to the release da...

TransAlta (TAC) Upgraded to Strong Buy: What Does It Mean for the Stock?
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.

New Strong Buy Stocks for June 30th
BANR, MPB, UNTY, AAON, and TAC have been added to the Zacks Rank #1 (Strong Buy) List on June 30, 2022.

TransAlta Corporation Debuts New Brand Reiterating Commitment to a Clean Energy Future
CALGARY, AB , June 20, 2022 /PRNewswire/ - Today, TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") announced a new visual identity including logo and tagline. The new visual identity encapsul...

TransAlta Corporation Announces Conversion Results for Series C and D Preferred Shares
CALGARY, AB , June 16, 2022 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) press release dated May 31, 2022, the Company announced today that 1,...