TSE:TA
Transalta Corp (TA.TO)
Financials 
Technical Analysis 
Jun 25, 2026, 12:00 amThis summary was created by AI, based on 13 opinions in the last 12 months.
Transalta Corp (TA-T) is experiencing mixed sentiment among analysts, primarily influenced by the company’s recent acquisition efforts and its relatively low dividend yield of around 1.6%. Some experts express optimism about the demand for power, particularly from data centers and the potential growth stemming from acquisitions in the U.S. However, there are concerns regarding the stock's underperformance and its interest-rate sensitivity compared to other utilities. The consensus suggests that while there's a positive outlook on Transalta's operational efficiency and expansion plans, investors should be cautious and wait for more favorable market conditions before making a significant investment. The company’s recent financial maneuvers and market positioning have left some analysts recommending a wait-and-see approach, reflecting a cautious but hopeful sentiment about its future prospects.
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Premium contentTA holds a basket of high-quality power generation facilities including renewables. The company is prudently using some cash reserves to aggressively retire debt and buy back shares. It trades at 21x earnings and supports a 25% ROE. We recommend setting a stop-loss at $9.50, looking to achieve $16.00 -- upside potential of 28%. Yield 1.9%
(Analysts’ price target is $18.33)
He's looking at it. It's softened up considerably. Decent dividend payer, cut a few years ago but now back on track. High-quality company with share price having sold off. An opportunity, but he hasn't pulled the trigger yet.
Spike on chart due to strong earnings and a bunch of analysts giving it a "Buy". Got ahead of itself. Disappointment recently. He doesn't like buying at all-time highs, where there's often more downside than upside.
Premium contentOur PAST TOP PICK with TA has triggered its stop at $16. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment gain of 46%.
Premium contentPremium contentPremium contentPremium contentHas been rallying the last 3-4 months based on rate cuts. Has exposure to the Alberta power market which has seen prices under pressure since 2022. Prefers Capital Power.
Jamie Murray Ton of drama for many years. Exciting play when it separated out RNW, but then they put them back together. Underperformed since then. Not a bad name, but doesn't have the nice dividend that others in the space do.
Not the first place he'd put money. Dead money absent other catalysts. On a really sharp pullback, you could add. If you own it, it's a fine hold.
Premium contentWe reiterate this Canadian based developer of renewable energy as a TOP PICK. They recently announced the startup of a 200MW wind project in Oklahoma that is fully contracted - their 30th successful wind project. Shares trade at 12x earnings and support a robust 33% ROE. Quarterly cash reserves are growing again, while debt is retired and shares bought back. We continue to recommend a stop at $8.50, looking to achieve $13.00 -- upside potential of 26%. Yield 2.2%
(Analysts’ price target is $13.75)Premium contentThe Alberta based power generator holds a diverse portfolio of power generation assets in the US, Canada and Australia including 50 renewable projects with many new projects on the list. It trades at 12x earnings, 3.5x book and supports a 33% ROE. The modest dividend is supported by a payout ratio under 15% of cash flow. We recommend setting a stop-loss at $8.50, looking to achieve $13 -- upside potential of 30%. Yield 2.3%
(Analysts’ price target is $13.69)
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Long a favourite of Stockchase Michael O'Reilly, this Alberta renewable energy company sank over 2% during April's tariff-induced slide. The sell-off helped to halve TA's PE of 40x from last September, and is now trading far lower than the industry's 33x. Even better, is the confident forward PE of 33.57x. Other qualities: a low beta of 0.55 and low payout ratio of 40% to support the 2.12% dividend yield. True, that yield lags its peers by 150 basis points or more, but TransAlta's ROE is 25.3%, towering over the sector's 8.97%. Anchored by strong free cash flows, the company is aggressively buying back shares as institutional shareholders own 67% of this stock. Lower interest rates are a tailwind for the entire sector