|Bid||9.02 x 0|
|Ask||9.03 x 0|
|Day's Range||8.64 - 9.11|
|52 Week Range||5.44 - 10.14|
|Beta (5Y Monthly)||1.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||0.16 (1.80%)|
|1y Target Est||10.69|
Financial and Operating Highlights $305 million of comparable EBITDA for the quarter. Excluding PPA Settlements (one-time additional amount of $56 million ), comparable EBITDA was $249 million and in line ...
CALGARY , Oct. 30, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announced today that it has entered into an agreement with Kineticor Holdings Limited Partnership #2 to indirectly acquire two 230 MW Siemens F class gas turbines and related equipment for $84 million . The transaction also results in the Company assuming long-term non-unit contingent power purchase agreements starting in late 2023 with Shell Energy North America ( Canada ) ("Shell"). TransAlta will redeploy these assets to its Sundance site as part of its strategy to repower Sundance Unit 5 to a highly efficient combined cycle unit by integrating these gas turbines into the existing steam turbine at Sundance Unit 5.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
CALGARY , Oct. 9, 2019 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2019 results before markets open on Thursday, November 7, 2019 . ...
CALGARY, Oct. 1, 2019 /PRNewswire/ - TransAlta Corporation (TransAlta) (TA.TO)(TAC) and SemCAMS Midstream ULC ("SemCAMS"), a subsidiary of SemGroup Corporation (SEMG) announce today that they have entered into definitive agreements to develop, construct and operate a new cogeneration facility at the Kaybob South No. 3 sour gas processing plant. The Kaybob facility is strategically located in the Western Canadian Sedimentary Basin and accepts natural gas production out of the Montney and Duvernay formations. TransAlta will construct the cogeneration plant which will be jointly owned, operated and maintained with SemCAMS.
CALGARY , Sept. 16, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) (TAC) announces today its Clean Energy Investment Plan, which includes converting its existing Alberta coal assets to natural gas and advancing its leadership position in renewable energy. The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million of renewable energy projects already under construction. TransAlta's plan includes converting three of its existing Alberta thermal units to gas in 2020 and 2021 by replacing existing coal burners with natural gas burners.
CALGARY , Aug. 30, 2019 /CNW/ - TransAlta Corporation ("TransAlta" or the "Company") (TA.TO) NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any portion of the currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series G ("Series G Shares") (TA-PJ.TO) on September 30, 2019 (the "Conversion Date"). TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada , the United States and Australia with a focus on long-term shareholder value.
NYSE: TAC) announced today that it was successful in its arbitration with the Balancing Pool for the remaining payment related to the termination of the Sundance B and C Power Purchase Arrangements ("PPA"). As a result of the arbitration decision, the Company will receive the full amount it had been seeking to recover, being equal to $58.8 million (including GST payable) from the Balancing Pool, plus interest. This payment relates to TransAlta's historical investments in certain mining and corporate assets that the Company believed should have been included in the net book value calculation of the PPA's that had been disputed by the Balancing Pool. TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada , the United States and Australia with a focus on long-term shareholder value.