|Bid||6.17 x 1800|
|Ask||6.23 x 2900|
|Day's Range||6.16 - 6.49|
|52 Week Range||3.99 - 7.61|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.12 (1.82%)|
|1y Target Est||6.80|
Editor's note: This story was previously published in April 2019. It has since been updated and republished.The 2020 Olympic Summer Games are to be held in Tokyo, Japan. The organizers of the games are planning to power the events with 100% renewable energy, which is great news for renewable energy stocks.Not only will the facilities where the sporting events are to take place to be powered exclusively by solar and wind power, so, too, will the athletes' village, international broadcasting center and press facilities. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an unprecedented undertaking that will highlight the decarbonization of Japan, providing a view into a future fully powered without fossil fuels. The city of Tokyo plans to generate 30% of its annual power consumption needs through renewable energy sources that include solar roads -- already installed on highways in France -- across the city by 2030. The following seven renewable energy stocks to buy will benefit from the publicity generated at the 2020 Olympic Games. * 10 High-Yielding Dividend Stocks That Won't Wilt However, that's nearly two years from now. Here's why each of them makes very compelling investments today: NextEra Energy (NEE)Not only is NextEra Energy (NYSE:NEE) the world's largest utility, it's also the largest producer of wind and solar energy anywhere on the planet, making it one of the best renewable energy stocks to buy for the long haul. Source: Shutterstock Many people probably know NextEra because of its Florida Power and Light subsidiary that serves more than 5 million Floridians and is one of the largest rate-regulated electric utilities in the U.S.However, it is the subsidiary NextEra Energy Resources that is paving the way for future shareholders gains. It owns 120 wind facilities in North America that generate 13,000 megawatts of energy annually. It also generates more than 2,000 megawatts of solar power from facilities in seven states and Canada, along with natural gas-fired and nuclear power plants that deliver additional power generation.However, it is the company's views on diversity that makes it an excellent long-term investment. I'm not much of a fan of investing in utilities, but NextEra Energy's definitely got me very intrigued. Brookfield Renewable Partners (BEP)Brookfield Renewable Partners (NYSE:BEP) announced that it had increased its ownership (with partners) of TerraForm Power (NASDAQ:TERP) from 51% to 65% by purchasing an additional 61 million shares in a private placement. The investment will add $80 million annually to Brookfield Renewable's funds from operations, making it one of the really smart stocks to buy to get into solar. Source: Shutterstock TerraForm Power generates 3,634 megawatts of solar and wind power around the globe with 65% right here in the U.S., another 26% in Europe, and the remainder from facilities in Canada, Chile and Uruguay. Brookfield Renewable worldwide has 843 renewable power facilities in North America, Latin America and Europe capable of producing 16,300 megawatts of power annually.In North America alone, its renewable energy facilities generate enough electricity to power 2 million homes. * 5 Stocks to Buy for $20 or Less If you want to own more than renewable energy assets, you might consider Brookfield Asset Management (NYSE:BAM) which owns 61% of BEP and is one of the world's largest alternative asset managers. If I could only own one company's stock, Brookfield Asset Management would be at the top of my list. TransAlta (TAC) Like Brookfield Renewable, it could be more attractive to U.S. investors to choose TransAlta Corporation (NYSE:TAC) as a one of the best renewable energy stocks to buy rather than its 64%-owned renewable energy subsidiary TransAlta Renewables (TSE:RNW), which trades on the Toronto Stock Exchange. Source: russellstreet via FlickrTransAlta Renewables pays approximately CAD 150 million in dividends annually to its parent from the free cash flow generated from wind-power facilities in the U.S. and Canada that have the capacity to produce 1,248 megawatts of power and 49% of its annual cash flow along with natural gas-fired power generation that delivers 47% of its annual cash flow with hydroelectric facilities providing the rest. TransAlta Renewables is in the process of strengthening its balance sheet. Over the past two years, it has cut CAD$900 million of its debt, which should result in the company's free cash flow doubling over the next three years. The company currently pays a 1.18% monthly dividend, so by buying the parent, you're giving yourself a little more safety but a much lower dividend yield. Although there are risks to owning Canada's largest generator of wind power, if you're an aggressive investor, I'd go with RNW. Enviva (EVA)This is probably the least sexy renewable energy stocks to buy in the sector, but Enviva Partners (NYSE:EVA) is a good one nonetheless.Source: Alternative Heat via FlickrEviva is the world's largest producer of wood pellets, producing over three million metric tons each year from seven plants in the Southeastern part of the U.S. The pellets themselves are sold to utilities in the U.K. and Europe that use them in place of coal to produce a cleaner electricity source. * 7 Top-Rated Biotech Stocks to Invest In Today Thanks to wood pellet businesses in the south like Enviva, greenhouse gas emissions have been reduced (PDF), forests are growing and jobs have been created, providing a trio of benefits that are hard to beat.Enviva has long-term supply contracts that provide stable cash flows. If you're an income investor, Enviva is a very safe way to meet your annual income requirements. Renewable Energy Group (REGI)Renewable Energy Group (NASDAQ:REGI) is another simple yet attractive business turning vegetable oils and animal fats into diesel fuel. Whenever you see one of those trucks sucking out the grease traps at a restaurant, it's going to one of Renewable Energy's 13 biomass refineries to be turned into diesel fuel. The company has the capacity to produce 575 million gallons of diesel fuel annually, 70% of which is sold to major travel centers and fuel marketers.The demand for biodiesel is tremendous. California, Texas, New York and seven other states bought 1.5 billion gallons of the stuff in 2018, up from 1.15 billion in 2016. In Q4 2018, Renewable Energy sold 163.2 million gallons of biodiesel generating $519.8 million in revenue and $44.5 million in adjusted EBITDA. The company's adjusted EBITDA in the quarter was the highest in the past five years. Although its stock had a strong 2018, up 124%, and has struggled so far this year, I believe it has got room to move into the $30s on rising demand. TPI Composites (TPIC)What is one of the main ingredients needed for wind power? Wind, of course, but you also need turbine blades to generate that power. TPI Composites (NASDAQ:TPIC) is the largest independent manufacturer of composite wind blades for turbine manufacturers. It has facilities in North America, Europe and Asia and is one of those stocks to buy for an alternate position on renewables. Source: Susann Nilsson via FlickrAlthough its major business is providing wind blades for turbines, the company is working to diversify its revenue streams. Last year, it announced a joint development agreement with Navistar International (NYSE:NAV) to develop a composite tractor and frame rails for a Class 8 truck. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 The project brings the company's strategic development plans into a new area outside of its core market providing investors with promising future growth.For all of 2019, analysts on average expect TPI Composites' revenue to reach $1.5 billion for the first time in the company's history. With margins moving higher, the profits will follow. Siemens (SIEGY)This last one gives you exposure to a global industrial player in Siemens (OTCMKTS:SIEGY) which, amongst its many ventures, owns 59% of Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF), the world's largest producer of wind turbines and one of the interesting renewable stocks to buy without going all in on renewables. Source: FlickrSiemens Gamesa sells its turbines to both onshore and offshore wind farms around the world. In June, Siemens Gamesa announced that it would supply 70 units of its Onshore OptimaFlex wind turbines to three onshore wind farms in Norway. The turbines will provide approximately 294 megawatts of power and have a 25-year lifetime. In Norway alone, Siemens Gamesa's turbines provide more than 500 megawatts of power with another 390 megawatts under installation. It has a total installed base of 85 gigawatts of power generated from its wind turbines. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns appeared first on InvestorPlace.
CALGARY , May 27, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today announced that the Toronto Stock Exchange ("TSX") has ...
CALGARY, May 17, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today announces the promotion of Todd Stack to Chief Financial Officer ("CFO"), effective immediately. Mr. Stack, who has served as Managing Director and Corporate Controller of the Company since February 2017, has been responsible for providing leadership and direction over TransAlta's financial activities, corporate accounting and reporting, tax, and corporate planning. "I am excited to announce Todd's well-deserved promotion to CFO," said Dawn Farrell, President and Chief Executive Officer.
The Calgary, Alberta-based company said it had a loss of 17 cents per share. The power generation and marketing company posted revenue of $487.4 million in the period. TransAlta shares have risen 63% since ...
During the quarter we agreed to acquire a 49% interest in the Skookumchuck wind project adjacent to our coal mine at Centralia, further diversifying our fleet. The project has a 20-year PPA with an investment grade counterparty, making it a good candidate for TransAlta Renewables to acquire. The acquisition is expected to close in December 2019. Including Skookumchuck, we now have over $700 million of renewables project under development in addition to the investments in the Pioneer Pipeline and our coal to gas conversions. An Investor Day will be held in Toronto in September to showcase current and future growth opportunities, including the coal to gas conversions. Additionally, an analyst and institutional investor tour of our Alberta wind and hydro facilities will be held in mid-July.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
CALGARY , May 1, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today announced the closing of the initial tranche of its previously announced $750 million strategic investment by an affiliate of Brookfield Renewable Partners ("Brookfield"). "Having achieved this important milestone, we can now start to realize the benefits of our partnership and financing with Brookfield ," said Dawn Farrell , CEO of TransAlta. As previously disclosed, Brookfield will invest $750 million in TransAlta through the purchase of exchangeable securities, which are convertible into an equity ownership interest in TransAlta's Alberta hydro assets in the future at a value based on a multiple of the hydro assets' future adjusted EBITDA.
CALGARY, April 26, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced that shareholders elected all of management's director nominees to the TransAlta Board of Directors and approved all other resolutions at the Company's Annual and Special Meeting of Shareholders (the "Meeting") held earlier today. In total, 182,931,519 votes were cast in person or by proxy, representing 64.27% of the eligible common shares – one of the highest participation rates at a TransAlta shareholders' meeting ever. "Today's result is an important validation of TransAlta's strategy, team and progress," said Ambassador Gordon Giffin, Chair of the Board of TransAlta.
CALGARY, April 23, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today commented on the latest news release from Mangrove Partners. "Mangrove's latest claim is without merit and is simply the latest complaint in a string of frivolous tactics. "A majority of our shareholders have already voted overwhelmingly in support of the Board at our upcoming Meeting.
NEW YORK , April 23, 2019 /CNW/ - Mangrove Partners ("Mangrove"), one of the largest shareholders of TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) with aggregate ownership of 7.1% of the Company's outstanding shares, today announced that it has commenced an action in the Ontario Superior Court of Justice against TransAlta, its Directors and Brookfield BRP Holdings ( Canada ) (" Brookfield " and together, the "Named Parties"). The action arises out of TransAlta's continued misrepresentation and obfuscation of critical details relating to the upcoming 2019 annual and special meeting of shareholders, and the proposed $750 million transaction (the "Brookfield Transaction" or the "Transaction") between the Company and Brookfield BRP Holdings ( Canada ) Inc.
CALGARY , April 17, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced today that Mangrove Partners has withdrawn its application before the Alberta Securities Commission ("ASC") for a hearing related to TransAlta's recent transaction with Brookfield . As previously released, Mangrove originally filed applications on April 8, 2019 before both the ASC and the Ontario Securities Commission ("OSC") complaining about the Brookfield transaction. On April 15, 2019 , the OSC issued a decision declining to assert jurisdiction, which left the matter solely within the jurisdiction of the ASC.
CALGARY , April 15, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) today updated shareholders regarding the private proceedings sought to be commenced by dissident shareholder Mangrove Partners before the Ontario Securities Commission ("OSC") and Alberta Securities Commission ("ASC"). This morning, the OSC heard submissions from the parties on whether it should remain involved in these proceedings, or whether it should defer to the ASC as TransAlta's principal regulator. The OSC elected to decline to assert jurisdiction and will not be involved in these proceedings any further.